Oclaro (OCLR): Dinner Confirms Trends Remain Strong - Needham

Needham & Company analyst, Alex Henderson, reiterated his Strong Buy rating on shares of Oclaro (NASDAQ: OCLR) after hosting a dinner with the management team and investors.

The analyst noted that management was concise, strongly upbeat and clearly stated that conditions remain robust with the trajectory of the business unchanged.

Oclaro is very well positioned in both the Data Comm (up 44% last quarter) and Telecom (up 64% last quarter) segments, and is seeing a continuation of strong demand and rapid growth. Oclaro also noted that it has plenty of leverage left in its business model, which came in at 34% GMs and 15% Operating Margins last quarter. Oclaro sees robust demand in Web 2.0, Metro and China as the
primary drivers of the robust growth.price target of $14.00

For an analyst ratings summary and ratings history on Oclaro click here. For more ratings news on Oclaro click here.

Shares of Oclaro closed at $8.27 yesterday.

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