Intrinsic value of Oclaro - OCLR

Previous Close

$9.05

  Intrinsic Value

$169.66

stock screener

  Rating & Target

str. buy

+999%

Previous close

$9.05

 
Intrinsic value

$169.66

 
Up/down potential

+999%

 
Rating

str. buy

We calculate the intrinsic value of OCLR stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 1.4

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  47.30
  43.07
  39.26
  35.84
  32.75
  29.98
  27.48
  25.23
  23.21
  21.39
  19.75
  18.27
  16.95
  15.75
  14.68
  13.71
  12.84
  12.05
  11.35
  10.71
  10.14
  9.63
  9.17
  8.75
  8.37
  8.04
  7.73
  7.46
  7.21
  6.99
Revenue, $m
  885
  1,267
  1,764
  2,396
  3,181
  4,134
  5,270
  6,600
  8,132
  9,871
  11,821
  13,981
  16,350
  18,925
  21,703
  24,678
  27,847
  31,203
  34,745
  38,467
  42,369
  46,448
  50,706
  55,142
  59,760
  64,562
  69,555
  74,743
  80,135
  85,739
Variable operating expenses, $m
  412
  590
  822
  1,116
  1,482
  1,926
  2,455
  3,075
  3,788
  4,598
  5,506
  6,513
  7,616
  8,816
  10,110
  11,496
  12,972
  14,536
  16,185
  17,919
  19,737
  21,637
  23,620
  25,687
  27,838
  30,075
  32,401
  34,818
  37,330
  39,940
Fixed operating expenses, $m
  211
  215
  220
  225
  230
  235
  240
  245
  251
  256
  262
  267
  273
  279
  286
  292
  298
  305
  311
  318
  325
  332
  340
  347
  355
  363
  371
  379
  387
  396
Total operating expenses, $m
  623
  805
  1,042
  1,341
  1,712
  2,161
  2,695
  3,320
  4,039
  4,854
  5,768
  6,780
  7,889
  9,095
  10,396
  11,788
  13,270
  14,841
  16,496
  18,237
  20,062
  21,969
  23,960
  26,034
  28,193
  30,438
  32,772
  35,197
  37,717
  40,336
Operating income, $m
  262
  461
  722
  1,055
  1,469
  1,974
  2,575
  3,280
  4,093
  5,017
  6,052
  7,201
  8,460
  9,830
  11,308
  12,891
  14,577
  16,363
  18,248
  20,230
  22,307
  24,479
  26,745
  29,108
  31,567
  34,124
  36,783
  39,547
  42,418
  45,403
EBITDA, $m
  276
  481
  749
  1,091
  1,517
  2,036
  2,655
  3,380
  4,216
  5,166
  6,231
  7,412
  8,707
  10,116
  11,635
  13,263
  14,997
  16,834
  18,773
  20,810
  22,946
  25,180
  27,511
  29,940
  32,469
  35,099
  37,833
  40,675
  43,628
  46,698
Interest expense (income), $m
  13
  1
  27
  62
  108
  167
  239
  327
  432
  555
  697
  857
  1,038
  1,237
  1,456
  1,694
  1,951
  2,226
  2,519
  2,829
  3,156
  3,500
  3,861
  4,238
  4,631
  5,041
  5,468
  5,912
  6,373
  6,853
  7,351
Earnings before tax, $m
  262
  434
  660
  947
  1,303
  1,734
  2,248
  2,848
  3,538
  4,320
  5,195
  6,163
  7,223
  8,374
  9,613
  10,940
  12,351
  13,844
  15,419
  17,074
  18,807
  20,618
  22,508
  24,477
  26,526
  28,656
  30,872
  33,174
  35,566
  38,052
Tax expense, $m
  71
  117
  178
  256
  352
  468
  607
  769
  955
  1,166
  1,403
  1,664
  1,950
  2,261
  2,596
  2,954
  3,335
  3,738
  4,163
  4,610
  5,078
  5,567
  6,077
  6,609
  7,162
  7,737
  8,335
  8,957
  9,603
  10,274
Net income, $m
  191
  317
  482
  691
  951
  1,266
  1,641
  2,079
  2,583
  3,154
  3,792
  4,499
  5,273
  6,113
  7,018
  7,986
  9,016
  10,106
  11,256
  12,464
  13,729
  15,051
  16,431
  17,868
  19,364
  20,919
  22,536
  24,217
  25,963
  27,778

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  797
  1,140
  1,588
  2,157
  2,863
  3,721
  4,744
  5,941
  7,319
  8,885
  10,640
  12,584
  14,716
  17,035
  19,535
  22,213
  25,065
  28,086
  31,273
  34,624
  38,136
  41,808
  45,640
  49,633
  53,789
  58,112
  62,606
  67,276
  72,129
  77,172
Adjusted assets (=assets-cash), $m
  797
  1,140
  1,588
  2,157
  2,863
  3,721
  4,744
  5,941
  7,319
  8,885
  10,640
  12,584
  14,716
  17,035
  19,535
  22,213
  25,065
  28,086
  31,273
  34,624
  38,136
  41,808
  45,640
  49,633
  53,789
  58,112
  62,606
  67,276
  72,129
  77,172
Revenue / Adjusted assets
  1.110
  1.111
  1.111
  1.111
  1.111
  1.111
  1.111
  1.111
  1.111
  1.111
  1.111
  1.111
  1.111
  1.111
  1.111
  1.111
  1.111
  1.111
  1.111
  1.111
  1.111
  1.111
  1.111
  1.111
  1.111
  1.111
  1.111
  1.111
  1.111
  1.111
Average production assets, $m
  134
  191
  266
  362
  480
  624
  796
  997
  1,228
  1,491
  1,785
  2,111
  2,469
  2,858
  3,277
  3,726
  4,205
  4,712
  5,246
  5,809
  6,398
  7,014
  7,657
  8,326
  9,024
  9,749
  10,503
  11,286
  12,100
  12,947
Working capital, $m
  19
  27
  37
  50
  67
  87
  111
  139
  171
  207
  248
  294
  343
  397
  456
  518
  585
  655
  730
  808
  890
  975
  1,065
  1,158
  1,255
  1,356
  1,461
  1,570
  1,683
  1,801
Total debt, $m
  73
  167
  291
  448
  643
  880
  1,162
  1,492
  1,873
  2,305
  2,789
  3,326
  3,914
  4,554
  5,244
  5,983
  6,770
  7,604
  8,484
  9,409
  10,378
  11,392
  12,449
  13,551
  14,698
  15,891
  17,132
  18,421
  19,760
  21,152
Total liabilities, $m
  220
  315
  438
  595
  790
  1,027
  1,309
  1,640
  2,020
  2,452
  2,937
  3,473
  4,062
  4,702
  5,392
  6,131
  6,918
  7,752
  8,631
  9,556
  10,525
  11,539
  12,597
  13,699
  14,846
  16,039
  17,279
  18,568
  19,908
  21,300
Total equity, $m
  577
  825
  1,149
  1,561
  2,073
  2,694
  3,434
  4,301
  5,299
  6,433
  7,703
  9,111
  10,655
  12,333
  14,143
  16,082
  18,147
  20,334
  22,642
  25,068
  27,610
  30,269
  33,043
  35,934
  38,943
  42,073
  45,326
  48,708
  52,221
  55,873
Total liabilities and equity, $m
  797
  1,140
  1,587
  2,156
  2,863
  3,721
  4,743
  5,941
  7,319
  8,885
  10,640
  12,584
  14,717
  17,035
  19,535
  22,213
  25,065
  28,086
  31,273
  34,624
  38,135
  41,808
  45,640
  49,633
  53,789
  58,112
  62,605
  67,276
  72,129
  77,173
Debt-to-equity ratio
  0.130
  0.200
  0.250
  0.290
  0.310
  0.330
  0.340
  0.350
  0.350
  0.360
  0.360
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.370
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
  0.380
Adjusted equity ratio
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724
  0.724

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  191
  317
  482
  691
  951
  1,266
  1,641
  2,079
  2,583
  3,154
  3,792
  4,499
  5,273
  6,113
  7,018
  7,986
  9,016
  10,106
  11,256
  12,464
  13,729
  15,051
  16,431
  17,868
  19,364
  20,919
  22,536
  24,217
  25,963
  27,778
Depreciation, amort., depletion, $m
  13
  19
  27
  36
  48
  63
  80
  100
  123
  149
  178
  211
  247
  286
  328
  373
  420
  471
  525
  581
  640
  701
  766
  833
  902
  975
  1,050
  1,129
  1,210
  1,295
Funds from operations, $m
  205
  336
  509
  727
  999
  1,329
  1,721
  2,179
  2,706
  3,303
  3,971
  4,710
  5,520
  6,399
  7,345
  8,359
  9,437
  10,578
  11,781
  13,045
  14,369
  15,753
  17,196
  18,701
  20,266
  21,894
  23,586
  25,345
  27,173
  29,073
Change in working capital, $m
  6
  8
  10
  13
  16
  20
  24
  28
  32
  37
  41
  45
  50
  54
  58
  62
  67
  70
  74
  78
  82
  86
  89
  93
  97
  101
  105
  109
  113
  118
Cash from operations, $m
  199
  328
  498
  714
  983
  1,309
  1,697
  2,151
  2,673
  3,266
  3,930
  4,665
  5,470
  6,345
  7,287
  8,296
  9,370
  10,507
  11,706
  12,966
  14,287
  15,667
  17,107
  18,607
  20,169
  21,793
  23,482
  25,236
  27,060
  28,955
Maintenance CAPEX, $m
  -9
  -13
  -19
  -27
  -36
  -48
  -62
  -80
  -100
  -123
  -149
  -178
  -211
  -247
  -286
  -328
  -373
  -420
  -471
  -525
  -581
  -640
  -701
  -766
  -833
  -902
  -975
  -1,050
  -1,129
  -1,210
New CAPEX, $m
  -43
  -58
  -75
  -95
  -118
  -144
  -172
  -201
  -231
  -263
  -294
  -326
  -358
  -389
  -419
  -449
  -478
  -507
  -535
  -562
  -589
  -616
  -643
  -670
  -697
  -725
  -754
  -783
  -814
  -846
Cash from investing activities, $m
  -52
  -71
  -94
  -122
  -154
  -192
  -234
  -281
  -331
  -386
  -443
  -504
  -569
  -636
  -705
  -777
  -851
  -927
  -1,006
  -1,087
  -1,170
  -1,256
  -1,344
  -1,436
  -1,530
  -1,627
  -1,729
  -1,833
  -1,943
  -2,056
Free cash flow, $m
  147
  257
  404
  592
  828
  1,117
  1,463
  1,871
  2,343
  2,881
  3,487
  4,160
  4,901
  5,709
  6,582
  7,519
  8,519
  9,580
  10,700
  11,880
  13,117
  14,411
  15,763
  17,172
  18,639
  20,166
  21,753
  23,403
  25,117
  26,899
Issuance/(repayment) of debt, $m
  71
  95
  124
  157
  195
  237
  282
  330
  381
  432
  484
  537
  589
  640
  690
  739
  787
  834
  880
  925
  969
  1,013
  1,058
  1,102
  1,147
  1,193
  1,240
  1,289
  1,339
  1,392
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  71
  95
  124
  157
  195
  237
  282
  330
  381
  432
  484
  537
  589
  640
  690
  739
  787
  834
  880
  925
  969
  1,013
  1,058
  1,102
  1,147
  1,193
  1,240
  1,289
  1,339
  1,392
Total cash flow (excl. dividends), $m
  218
  352
  527
  749
  1,023
  1,353
  1,745
  2,201
  2,723
  3,313
  3,971
  4,697
  5,490
  6,349
  7,272
  8,258
  9,306
  10,414
  11,580
  12,804
  14,086
  15,425
  16,820
  18,274
  19,786
  21,359
  22,993
  24,692
  26,457
  28,291
Retained Cash Flow (-), $m
  -185
  -248
  -324
  -412
  -511
  -621
  -740
  -867
  -998
  -1,133
  -1,270
  -1,408
  -1,544
  -1,678
  -1,810
  -1,939
  -2,065
  -2,187
  -2,308
  -2,426
  -2,543
  -2,658
  -2,774
  -2,891
  -3,009
  -3,130
  -3,254
  -3,381
  -3,514
  -3,652
Prev. year cash balance distribution, $m
  122
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  11
  17
  24
  34
  46
  60
  79
  100
  125
  155
  188
  225
  266
  311
  360
  412
  469
  529
  593
  660
  731
  805
  883
  963
  1,048
  1,135
  1,227
  1,322
  1,420
  1,523
Cash available for distribution, $m
  155
  104
  203
  337
  511
  732
  1,005
  1,334
  1,725
  2,179
  2,700
  3,289
  3,946
  4,670
  5,462
  6,319
  7,241
  8,226
  9,272
  10,379
  11,543
  12,766
  14,046
  15,383
  16,777
  18,229
  19,740
  21,310
  22,943
  24,639
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  148
  95
  177
  278
  396
  531
  679
  834
  991
  1,143
  1,282
  1,404
  1,500
  1,568
  1,604
  1,606
  1,576
  1,515
  1,428
  1,319
  1,194
  1,059
  921
  783
  653
  532
  424
  330
  250
  186
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Oclaro, Inc. is a provider of optical components, modules and subsystems for the core optical transport, service provider, enterprise and data center markets. The Company provides various solutions for optical networks and interconnects driving the next wave of streaming video, cloud computing, application virtualization and other bandwidth-intensive and high-speed applications. The Company's product offerings include client side transceivers, line side transceivers, tunable laser transmitters, lithium niobate modulators, transponder modules, and discrete lasers and receivers. It designs, manufactures and markets optical components, modules and subsystems that generate, detect, combine and separate light signals in optical communications networks. The Company supplies transmission products at the component level and the module level into 10 gigabits per second (Gb/s), 40 Gb/s and 100 Gb/s communications solutions.

FINANCIAL RATIOS  of  Oclaro (OCLR)

Valuation Ratios
P/E Ratio 11.9
Price to Sales 2.5
Price to Book 3
Price to Tangible Book
Price to Cash Flow 17.4
Price to Free Cash Flow 60.7
Growth Rates
Sales Growth Rate 47.3%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 121.4%
Cap. Spend. - 3 Yr. Gr. Rate 47.1%
Financial Strength
Quick Ratio 129
Current Ratio 0
LT Debt to Equity 0.4%
Total Debt to Equity 0.8%
Interest Coverage 9
Management Effectiveness
Return On Assets 28.2%
Ret/ On Assets - 3 Yr. Avg. 5.2%
Return On Total Capital 34%
Ret/ On T. Cap. - 3 Yr. Avg. 4%
Return On Equity 37.6%
Return On Equity - 3 Yr. Avg. 3.9%
Asset Turnover 1.2
Profitability Ratios
Gross Margin 39.1%
Gross Margin - 3 Yr. Avg. 28.1%
EBITDA Margin 23%
EBITDA Margin - 3 Yr. Avg. 7.3%
Operating Margin 19.8%
Oper. Margin - 3 Yr. Avg. 3.4%
Pre-Tax Margin 17.1%
Pre-Tax Margin - 3 Yr. Avg. 1.8%
Net Profit Margin 21.3%
Net Profit Margin - 3 Yr. Avg. 2.3%
Effective Tax Rate -24.3%
Eff/ Tax Rate - 3 Yr. Avg. -8.1%
Payout Ratio 0%

OCLR stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the OCLR stock intrinsic value calculation we used $601 million for the last fiscal year's total revenue generated by Oclaro. The default revenue input number comes from 2017 income statement of Oclaro. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our OCLR stock valuation model: a) initial revenue growth rate of 47.3% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for OCLR is calculated based on our internal credit rating of Oclaro, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Oclaro.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of OCLR stock the variable cost ratio is equal to 46.6%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $206 million in the base year in the intrinsic value calculation for OCLR stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 37.2% for Oclaro.

Corporate tax rate of 27% is the nominal tax rate for Oclaro. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the OCLR stock is equal to 1.9%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for OCLR are equal to 15.1%.

Life of production assets of 10 years is the average useful life of capital assets used in Oclaro operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for OCLR is equal to 2.1%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $514 million for Oclaro - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 158 million for Oclaro is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Oclaro at the current share price and the inputted number of shares is $1.4 billion.

RELATED COMPANIES Price Int.Val. Rating
NPTN NeoPhotonics 8.62 1.10  str.sell
FNSR Finisar 18.69 123.06  str.buy
AAOI Applied Optoel 42.28 740.65  str.buy
LITE Lumentum Holdi 58.30 54.61  hold
ACIA Acacia Communi 39.23 17.15  str.sell
EMKR Emcore 4.75 7.08  buy
VIAV Viavi Solution 10.96 0.92  str.sell

COMPANY NEWS

▶ Oclaro: Fiscal 4Q Earnings Snapshot   [08:53AM  Associated Press]
▶ Acacia, Lumentum, Finisar Rise As Trump Nears ZTE Deal With China   [May-25-18 01:06PM  Investor's Business Daily]
▶ Tech companies climb as Trump lobbies for China's ZTE   [May-14-18 04:55PM  Associated Press]
▶ Why Oclaro, Inc. Stock Dropped 17.2% in April   [May-11-18 11:45AM  Motley Fool]
▶ Estimating The Intrinsic Value Of Oclaro Inc (NASDAQ:OCLR)   [May-08-18 12:43PM  Simply Wall St.]
▶ Oclaro: Fiscal 3Q Earnings Snapshot   [09:14AM  Associated Press]
▶ What Is Oclaro Incs (NASDAQ:OCLR) Share Price Doing?   [Apr-28-18 07:46AM  Simply Wall St.]
▶ Boycotts 'China's ultimate weapon' in trade war   [Apr-19-18 07:11PM  CNBC Videos]
▶ Ciena Might Gain From U.S. Sales Ban On Chinese Gear Maker ZTE   [Apr-17-18 04:10PM  Investor's Business Daily]
▶ Here's The Upshot On Possible Mergers In The Optical Industry   [Mar-15-18 04:16PM  Investor's Business Daily]
▶ Company News For Mar 13, 2018   [10:20AM  Zacks]
▶ Lumentum Buying Oclaro for $1.8 Billion   [09:29AM  Investopedia]
▶ Why Oclaro Inc. Stock Popped Today   [Mar-12-18 08:25PM  Motley Fool]
▶ Lumentum To Buy Oclaro; Is Industry Consolidation On Horizon?   [04:43PM  Investor's Business Daily]
▶ Closing Bell: LIVE MARKETS BLOG   [04:05PM  TheStreet.com]
Follow us on:   twitter   twitter   twitter   twitter

ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.