Oclaro, Inc. designs, manufactures, and markets lasers and optical components, modules, and subsystems for the optical communications, industrial, and consumer laser markets worldwide. The companys products generate, detect, combine, and separate light signals in optical communications networks. It offers line side transceivers; tunable laser transmitters comprising discrete lasers and co-packaged laser modulators; lithium niobate modulators to manipulate the phase or the amplitude of an optical signal; discrete receivers for metro and long-haul applications; pluggable transceivers; and transponder modules for transmitter and receiver functions. The company markets its products through direct sales and marketing organization, sales representatives, and resellers. It serves network equipment manufacturers of telecommunications and data communications systems, and hyperscale datacenter operators. The company was formerly known as Bookham, Inc. and changed its name to Oclaro, Inc. in April 2009. Oclaro, Inc. was founded in 1988 and is headquartered in San Jose, California.
Looks like some after hour action to the downside. Looks like a secondary offering: Oclaro, Inc. is offering 13,000,000 shares of its common stock pursuant to this prospectus supplement and the accompanying prospectus. Our common stock is listed on the Nasdaq Global Select Market under the symbol "OCLR." On September 16, 2016, the last reported sale price of our common stock on the Nasdaq Global Select Market was $8.89 per share.
Oclaro Revenue Speeds Up Fiber Stocks On 100G Demand http://www.investors.com/news/technology/oclaro-revneue-speeds-up-fiber-optic-stocks/
Watching here for a potential run back to $9.50 resistance, if it breaks over that, I am leaning a lot more bullish.
Oclaro saw a big volume jump despite no significant news. The stock has edged back a dollar since hitting as high as $10.73 last week.
Yea - I want to buy OCLR, but I will wait until it goes lower. Seems like the markets are selling tech now. It will bounce some where.
Congrats longs! March 12 (Reuters) - Laser and optical fiber specialist Lumentum Holdings Inc, seen by analysts as a parts supplier for Apple's Face ID technology, will buy optical components producer Oclaro Inc for about $1.7 billion in cash and stock.
