Oclaro Announces First Quarter Fiscal Year 2017 Financial Results
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MKM Partners Reiterates Buy on Oclaro (OCLR) - PT to $11
November 2, 2016 11:10 AM EDTMKM Partners reiterated a Buy rating on Oclaro (NASDAQ: OCLR), and raised the price target to $11.00 (from $10.00), following the company's 1Q earnings report. Revenues grew 8% sequentially to $136mn, which was $4mn above estimates. EPS came in at $0.14, or four-cents per share better than estimates.
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Needham & Company Raises price Target on Oclaro (OCLR) to $14
November 2, 2016 8:24 AM EDTNeedham & Company reiterated a Strong Buy rating on Oclaro (NASDAQ: OCLR), and raised the price target to $14.00 (from $11.00), following the company's 1Q report. Oclaro visited ZTE last week. ZTE expects very strong optical growth on a continuing basis in CY4Q and CY17.
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Oclaro (OCLR) Tops Q1 EPS by 4c
November 1, 2016 4:50 PM EDTOclaro (NASDAQ: OCLR) reported Q1 EPS of $0.14, $0.04 better than the analyst estimate of $0.10. Revenue for the quarter came in at $135.5 million versus the consensus estimate of $131.65 million.
For earnings history and earnings-related data on Oclaro (OCLR) click here.
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