| 2016-10-03 07:12:58|
OCLR 07:12 10/03 10/03/16
Oclaro initiated with a Buy at Jefferies
Jefferies analyst James Kisner initiated Oclaro with a Buy and a $11.25 price target. The analyst expects Oclaro to benefit form strong demand strong demand over the next couple of years driven by multiple secular drivers, including Verizon's metro 100G deployment in the US, China's network buildouts, and robust growth within and between data centers at Web 2.0/hyperscale companies.