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Stifel Reiterates Buy on Lumentum Holdings (LITE) Following Investor Meetings

March 14, 2018 7:03 AM EDT

Stifel reiterated a Buy rating and $79.00 price target on Lumentum Holdings (NASDAQ: LITE) following the company's investor sessions at the 2018 Optical Fiber Communication Conference and Exposition. Discussions focused primarily on 3D sensing, with additional touch points on the Oclaro acquisition, ROADMs, 400G timing,... More

Stifel Remains Neutral on Qualcomm (QCOM) as President Trump Blocks Acquisition by Broadcom

March 13, 2018 7:24 AM EDT

Stifel reiterated a Hold rating and $68.00 price target on Qualcomm (NASDAQ: QCOM) after president Trump singed an executive order blocking Broadcom's proposed acquisition of Qualcomm, citing national security concerns.

Details of the security risk are likely around 5G cellular technology. The... More

UPDATE: Broadcom (AVGO) to Review Order: 'Strongly Disagrees' with Trump Order Blocking Deal with Qualcomm (QCOM)

March 13, 2018 5:51 AM EDT

(Updated - March 13, 2018 5:52 AM EDT)

Broadcom Limited (NASDAQ: AVGO) ("Broadcom") today issued the following statement:

Broadcom is reviewing the Order. Broadcom strongly disagrees that its proposed acquisition of Qualcomm (NASDAQ: QCOM) raises any national security concerns.

... More

Loop Capital Downgrades Oclaro (OCLR) to Hold Following Acquisition

March 12, 2018 11:02 AM EDT

Loop Capital downgraded Oclaro (NASDAQ: OCLR) from Buy to Hold with a price target of $10.00 after the company agreed to be acquired by LITE.

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 $7.85 yesterday.

... More