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OCLR

Bought by LITE

$10.04

0.03 (0.30%)

16:25
03/13/18
03/13
16:25
03/13/18
16:25

Oclaro to hold an investor and analyst meeting

Analyst and Investor Meeting to be held at OFC 2018 in San Diego on March 13 at 5 pm. Webcast Link

  • 13

    Mar

  • 13

    Mar

  • 13

    Mar

  • 29

    Mar

OCLR Bought by LITE
$10.04

0.03 (0.30%)

03/13/18
03/13/18
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. Oclaro (OCLR) downgraded to Market Perform from Strong Buy at Raymond James and to Neutral from Buy at B. Riley FBR. 2. Vocera (VCRA) downgraded to Market Perform from Outperform at Leerink with analyst David Larsen citing valuation and concerns over revenue growth expectations for the downgrade. 3. Orexigen (OREX) downgraded to Underperform from Market Perform at Wells Fargo with analyst Jim Birchenough citing the company's pending Chapter 11 bankruptcy and restructuring. 4. Piedmont Office Realty (PDM) downgraded to Sell from Hold at Stifel while Highwoods Properties (HIW) was downgraded to Hold from Buy. 5. Chegg (CHGG) downgraded to Neutral from Buy at Citi with analyst Nithin Pejaver citing valuation with the shares up 36% year-to-date. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/13/18
MKMP
03/13/18
NO CHANGE
Target $12
MKMP
Buy
Oclaro price target raised to $12 from $8 at MKM Partners
MKM Partners analyst Michael Genovese raised his price target on Oclaro (OCLR) to $12 or 20% above the Lumentim (LITE) deal price, citing "the possibility, but not likelihood, that Finisar (FNSR) or another optical vendor would consider a counterbid. Genovese keeps his Buy rating, adding that the combination with Lumentum would create a market leader in the optical components industry.
03/13/18
MKMP
03/13/18
NO CHANGE
Target $88
MKMP
Buy
Lumentum price target raised to $88 from $75 at MKM Partners
MKM Partners analyst Michael Genovese raised his price target on Lumentum (LITE) to $88, citing expected accretion from its proposed Oclaro (OCLR) acquisition. The analyst believes that this combination will produce an industry leader in Optical Telecom components and modules and 3D Sensing lasers - "attractive markets where long-term product differentiation and profitability are possible". Genovese keeps his Buy rating on Lumentum.
03/13/18
CHLM
03/13/18
NO CHANGE
Target $90
CHLM
Buy
Lumentum's proposed Oclaro purchase makes strategic sense, says Craig-Hallum
Craig-Hallum analyst Richard Shannon told investors in a research note that he believes the proposed acquisition of Oclaro (OCLR) by Lumentum (LITE) makes "strong" strategic sense, as it brings leading technologies across telecom and datacom markets to the company. He thinks there will be few regulatory hurdles to the deal and doesn't see a superior offer merging. The analyst, who backed his Buy rating and $90 price target on Lumentum shares and said he continues to view Lumentum as one of his top ideas for 2018, added that the deal could spark additional consolidation in the space, potentially impacting pricing longer-term.

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