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LITE

Lumentum

$72.00

3.025 (4.39%)

, OCLR

Bought by LITE

$10.01

2.16 (27.52%)

09:29
03/13/18
03/13
09:29
03/13/18
09:29

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.

LITE

Lumentum

$72.00

3.025 (4.39%)

OCLR

Bought by LITE

$10.01

2.16 (27.52%)

  • 13

    Mar

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    Mar

LITE Lumentum
$72.00

3.025 (4.39%)

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.
03/13/18
RILY
03/13/18
DOWNGRADE
Target $10
RILY
Neutral
Oclaro downgraded to Neutral from Buy at B. Riley FBR
B. Riley FBR analyst Dave Kang downgraded Oclaro (OCLR) to Neutral while raising his price target for the shares to $10 from $8.50 to reflect the takeover by Lumentum (LITE).
03/12/18
DADA
03/12/18
NO CHANGE
DADA
DA Davidson says Applied Optoelectronics best fit for Finisar amid consolidation
After Lumentum (LITE) announced an agreement to acquire Oclaro (OCLR), DA Davidson analyst Mark Kelleher said he thinks the deal makes strategic sense for both companies. In terms of other possible targets in the sector, Kelleher names Applied Optoelectronics (AAOI), Acacia Communications (ACIA) and NeoPhotonics (NPTN) and calls Finisar (FNSR) a logical buyer. He added that among those, he sees Applied Optoelectronics as the best asset for Finisar to purchase.
03/12/18
RSBL
03/12/18
NO CHANGE
RSBL
Buy
Lumentum offers 'solid platform' for optical consolidation, says Rosenblatt
After Lumentum (LITE) announced an agreement to acquire Oclaro (OCLR), Rosenblatt analyst Jun Zhang said he views Lumentum as a "solid platform" for consolidation in the optical space due to its strong cash flow and high margin VCSEL business. The deal for Oclaro could strengthen Lumentum's laser positioning, increase its competitiveness in 400G and data centers, and reduce costs, added Zhang, who keeps a Buy rating on Lumentum shares.
OCLR Bought by LITE
$10.01

2.16 (27.52%)

03/13/18
RAJA
03/13/18
DOWNGRADE
RAJA
Market Perform
Oclaro downgraded to Market Perform from Strong Buy at Raymond James
Raymond James analyst Simon Leopold downgraded Oclaro (OCLR) to Hold from Buy after Lumentum (LITE) announced a deal to buy the company for $1.8B in cash and stock.

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DIS

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CATS

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USWS

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