Here's Why Many Fiber-Optic Networking Stocks Fell Last Month While Oclaro Raced 33% Higher [The Motley Fool]
OCLARO (OCLR)
Last oclaro earnings: 11/8 04:05 pm
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Source: The Motley Fool
One hand-picked buyout in an industry craving some sunlight triggered some roller-coaster action among the acquisition target's peers. Anders Bylund ( TMFZahrim ) Apr 12, 2018 at 8:42PM What happened Shares of Oclaro ( NASDAQ:OCLR ) gained 33.3% in March of 2018, according to data from S&P Global Market Intelligence , riding a generous buyout premium as longtime rival Lumentum ( NASDAQ:LITE ) launched a takeover bid. On the flip side, many other companies in the fiber-optic networking market saw their share prices shrink last month -- largely because of a lack of Oclary-style buyout attention for those companies. Image source: Getty Images. So what Notably, Applied Optoelectronics ( NASDAQ:AAOI ) was held up as a likely takeover target before the ink had dried on the Oclaro/Lumentum deal, but the stock started to f
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