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Fly News Breaks for May 18, 2016
OCLR
May 18, 2016 | 07:29 EDT
MKM Partners analyst Michael Genovese said the recent pullback in Oclaro shares is a buying opportunity. The analyst spoke with management and believes the company expects to have another good quarter drvien by 100G long haul components in China, 100G Datacom modules, and 100G/200G modules for DCI and Metro. Genovese expects strength of the 100G product cycles to drive share over the next 4+ quarters and reiterates his Buy rating and $6.50 price target.
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