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Fly News Breaks for September 15, 2017
OCLR
Sep 15, 2017 | 08:41 EDT
Raymond James analyst Simon Leopold initiated Oclaro with a Strong Buy and a $12 price target saying it is a leader in high speed optics primarily for telco and enterprises with expansion in the web scale vertical. The analyst sees meaningful upside to shares, double digit sales growth, and gross margins remaining above historical levels.
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