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Morgan Stanley Downgrades Lumentum, Says Valuation Is 'About Fair'
Monday, November 11, 2019 - 12:31pm | 456The bullish case for Lumentum Holdings Inc (NASDAQ: LITE) has come to an end, and the company needs to outperform in the 3D market for further sustainable growth, according to Morgan Stanley. The Analyst Meta Marshall downgraded Lumentum from Overweight to Equal-weight with a price target lifted...
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Rosenblatt Defends Lumentum Holdings, Highlights Encouraging Outlook
Tuesday, February 5, 2019 - 3:31pm | 413Optical and photonic products maker Lumentum Holdings Inc (NASDAQ: LITE) reported fiscal second-quarter results Tuesday that prompted a sell-off in the stock, but Rosenblatt Securities remains bullish. What Happened Lumentum Holdings' revenue for the December-ending quarter...
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Analysts Forecast What's Next For Lumentum After The Oclaro Acquisition
Tuesday, December 11, 2018 - 1:02pm | 367Lumentum Holdings Inc (NASDAQ: LITE) confirmed Monday that its acquisition of Oclaro is complete. What Happened Lumentum's finalized acquisition of Oclaro creates a new entity with greater scale in telecom and datacom markets, Barclays' Blayne Curtis said in a research report. The...
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Oclaro Delivers A Clean Q1, Remains A Top Pick For Investors
Wednesday, November 2, 2016 - 11:45am | 348Shares of Oclaro, Inc. (NASDAQ: OCLR), a provider of optical components, modules and subsyterms, gained more than 7 percent after the company reported its first quarter earnings results after Tuesday's close. Michael Genovese of MKM Partners described the report as being "clean"...
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Citi Lowers PT For Oclaro To $14.50 (OCLR)
Friday, April 29, 2011 - 8:38am | 81Citi lowered its price target for Oclaro (NASDAQ: OCLR) from $15.00 to $14.50 in a research report published today. Citi also stressed continuing positive outlook, however. The report states: "We believe underlying optical demand is still healthy. Supply chain disruptions aside, bandwidth demand...
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No More Negative Surprises From Oclaro
Friday, October 29, 2010 - 8:55am | 102Citigroup has published a research report on Oclaro Inc. (NASDAQ: OCLR) and maintains its Buy rating while believing that no more negative surprises will come from Oclaro in the coming quarters. In the report, Citigroup writes "Despite extremely disappointing results & guidance that sent shares...