How Oclaro, Inc. Rose 15.5% in March [The Motley Fool]
OCLARO (OCLR)
Last oclaro earnings: 11/8 04:05 pm
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US:NASDAQ Investor Relations:
investor.oclaro.com/investor-relations
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Source: The Motley Fool
The optical component maker's recent roller-coaster ride is tightly intertwined with sector rival Finisar. Anders Bylund ( TMFZahrim ) Apr 4, 2017 at 6:19PM What happened Shares of Oclaro ( NASDAQ:OCLR ) gained 15.5% in March 2017, according to data from S&P Global Market Intelligence . So what The maker of optical networking components was off to a good start in March, but it lost all momentum when rival Finisar ( NASDAQ:FNSR ) reported weak earnings with mellow management comments on the state of the optical market. Finisar shares plunged 23% lower the next day, dragging Oclaro down in a 13% three-day slide. But Oclaro bounced hard off the bottom of that trough as analysts picked apart Finisar's earnings call to find evidence that the company might be considering a strategic acquisition. Finisar's purported buyout target? Ocla
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