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Fly News Breaks for March 15, 2017
ZTCOY, NPTN, OCLR
Mar 15, 2017 | 08:54 EDT
Craig-Hallum analyst Richard Shannon believes Oclaro (OCLR) is a "great buying opportunity" at current prices. The analyst says concerns about China inventory are unfounded as there does not appear to be any ZTE (ZTCOY)-related issues, while NeoPhotonics (NPTN) dynamics are distinctly different than Oclaro's. Shannon notes that the latter's stock is "easily the cheapest" in the optical universe, suggesting very low downside risk and making it his best idea in the space. He reiterates a Buy rating on Oclaro's shares.
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