Why Oclaro, Inc. Jumped 13% Higher Today [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 fiber-optic networking specialist soared as one of its largest customers scored a major telecom contract in China. Anders Bylund ( TMFZahrim ) Jun 6, 2017 at 1:26PM What happened Shares of Oclaro ( NASDAQ:OCLR ) rose as much as 13.1% on Tuesday morning, reaching that peak near 10:40 a.m. EDT. So what China-based technology giant Huawei won a contract on Monday night to build a sophisticated fiber-optic network for China Telecom ( NYSE:CHA ) in the fast-growing region around the Yangtze river. The project involves supplying a new generation of fast, secure, and easily reconfigurable fiber technology to 21 of China Telecom's network hubs. Oclaro is a longtime strategic supplier to China Telecom and also has a long history of providing components for exactly the type of so-called ROADM cards that form the backbone of Huawei's sol
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