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Fly News Breaks for March 3, 2017
OCLR
Mar 3, 2017 | 09:20 EDT
Craig-Hallum analyst Richard Shannon believes Oclaro should be bought as news emerges that ZTE may settle with the U.S. Department of Commerce and permanently remove restrictions. The analyst says Oclaro's stock has been affected by ZTE as well as fears about a slowdown in China, which are overblown for the company. He reiterates a Buy rating on the shares.
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