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Fly News Breaks for August 13, 2018
LITE, OCLR
Aug 13, 2018 | 14:12 EDT
Piper Jaffray analyst Troy Jensen says Oclaro (OCLR) this morning "reported another quarter of impressive results and continues the string of solid execution." The company's combination with Lumentum (LITE) will make a "powerhouse in optics with industry leading technology and market share," Jensen tells investors in a post-earnings research note. He keeps a Neutral rating Neutral on Oclaro given the pending acquisition by Lumentum.
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