Northland trims its Oclaro target [Seeking Alpha]
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: Seeking Alpha
Northland Capital Markets analyst Tim Savageaux maintains an Outperform rating on Oclaro (NASDAQ: OCLR ) but lowers its target from $11.25 to $9.50. Earlier this month, Oclaro reported earnings that beat on revenue but missed on profit. Lumentum, the pending buyer of Oclaro, cut its guidance on reduced orders from a large customer widely considered to be Apple. Oclaro shares are to $7.78. Previously: Lumentum drops Q2 guide on shipment cut (Nov. 12) See all stocks on the move » Now read: Applied Optoelectronics: Worth $25 » Subscribe for full text news in your inbox
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