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OCLR

Oclaro

$6.49

-0.09 (-1.37%)

11:17
11/21/17
11/21
11:17
11/21/17
11:17

Oclaro announces participation in upcoming investor conferences

Oclaro announced that management is scheduled to participate in several upcoming investor conferences, including the Raymond James 2017 Technology Investors Conference on December 5 and the Cowen 4th Annual Networking & Cybersecurity Summit on December 13. As reported earlier by The Fly, Oclaro cancelled from an appearance at the DA Davidson Laser/Optical Conference, according to contacts. The Fly has reached out to Oclaro for comment regarding that apparent cancelation.

  • 28

    Nov

  • 29

    Nov

  • 12

    Dec

OCLR Oclaro
$6.49

-0.09 (-1.37%)

11/16/17
MKMP
11/16/17
NO CHANGE
MKMP
Buy
Oclaro remains an attractive acquisition target, says MKM Partner
MKM Partners analyst Michael Genovese met with Oclaro CEO Greg Dougherty and said the conversation was consistent with what the company reported two weeks ago. Management noted that a recovery in China should occur in the middle of 2018, or potentially sooner, and talked about being the leading maker of Data Center lasers, with EML and DML lasers. The analyst believes Oclaro's EML lasers make it a very attractive acquisition target for a company such as Finisar (FNSR), which needs EML market exposure. Genovese rates Oclaro a Buy with a $10 price target.
11/02/17
11/02/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Square (SQ) downgraded to Hold from Buy at Stifel with analyst Scott Devitt citing valuation for the rating change and upped his price target for the shares to $36 from $29. 2. Papa John's (PZZA) downgraded to Neutral from Buy at BTIG with analyst Peter Saleh citing an uncertain sales outlook, increased competitive pressures, and modest earnings growth near-term. 3. Newell Brands (NWL) downgraded to Neutral from Overweight at JPMorgan with analyst Andrea Teixeira citing the company's third quarter miss and lowered fiscal 2017 guidance. This marks the second time in two months Newell lowered its outlook, Teixeira tells investors in a post-earnings research note. 4. Oclaro (OCLR) downgraded to Buy from Strong Buy at Needham and to Hold from Buy at Craig-Hallum. 5. DSW (DSW) downgraded to Neutral from Buy at B. Riley FBR with analyst Jeff Van Sinderen saying the multi-year fashion shift away from boots is intensifying, and is being made worse by warmer weather. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/02/17
STFL
11/02/17
NO CHANGE
STFL
Facebook capex guidance positive for optical component suppliers, says Stifel
Stifel analyst Patrick Newton said Facebook's (FB) guidance for capital expenditures to double from a targeted $7B in 2017 to $14B in 2018 as a positive data point for Finisar (FNSR), Lumentum (LITE), Oclaro (OCLR), Fabrinet (FN), Infinera (INFN) and Ciena (CIEN). He believes Facebook's guidance reaffirms that cloud infrastructure spending is a multi-year trend and the weakness currently being experienced by optical component suppliers represents a near-term issue around timing of expenditures.
11/02/17
NEED
11/02/17
DOWNGRADE
Target $9
NEED
Buy
Oclaro downgraded to Buy at Needham on weak guidance
As previously reported, Needham analyst Alex Henderson downgraded Oclaro to Buy from Strong Buy and cut his price target to $9 from $14. Henderson is citing the company's soft Q2 guidance and management commentary that China will not recover until the second half of 2018 as a result of inventory overhang and limited customer demand visibility.

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EPD

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  • 14

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DDR

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RMBL

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SAH

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AEP

American Electric

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SAGE

Sage Therapeutics

$158.03

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Conference/Events
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ORCL

Oracle

$50.20

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ADBE

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ADBE

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  • 14

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ORCL

Oracle

$50.19

0.14 (0.28%)

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Breaking Hot Stocks news story on Oracle »

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  • 14

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ORCL

Oracle

$50.19

0.14 (0.28%)

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Oracle sees Q3 adjusted EPS 68c-70c, consensus 72c »

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UBA

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ORCL

Oracle

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NQ

NQ Mobile

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CVX

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$119.53

-0.4 (-0.33%)

, SLB

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$62.37

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  • 19

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VSTM

Verastem

$3.65

-0.15 (-3.95%)

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DNR

Denbury Resources

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NCBS

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GALE

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FDS

FactSet

$202.46

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  • 19

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UTX

United Technologies

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JNPR

Juniper

$28.80

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CSCO

Cisco

$37.90

-0.25 (-0.66%)

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