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Fly News Breaks for October 18, 2016
OCLR
Oct 18, 2016 | 08:53 EDT
MKM Partners analyst Michael Genovese expects Oclaro to report "upbeat" Q1 results in early November. The analyst notes that the stock has dropped 13% over the past month ,and he thinks that investors have several concerns about the company. Investors are worried that the 100+G cycles in china could slow, and they are concerned that near-term expectations for Oclaro could be excessive, according to the analyst. However, he thinks that these worries are unfounded and continues to identify the stock as a top pick.
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