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Fly News Breaks for May 19, 2016
OCLR
May 19, 2016 | 08:08 EDT
After meeting with Oclaro's CEO, Stifel thinks that the company can beat the firm's above-consensus fiscal 2017 revenue estimate. According to Stifel, the firm will benefit from "ongoing 100G component strength, ramping CFP2-ACO volumes, and better than expected QSFP28 demand." . Stifel keeps a $6.50 price target and Buy rating on the shares.
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