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Fly News Breaks for February 1, 2017
OCLR
Feb 1, 2017 | 15:59 EDT
Stifel analyst Patrick Newton said Oclaro is the best positioned company in optical communications to capitalize on 100G growth, which should accelerate in FY17. The analyst expects gross margins to continue to be sustainable at elevated levels and sees the potential for revenue upside and multiple expansion. Newton rates Oclaro a Buy with a $12 price target.
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