Optical network firm Oclaro (OCLR) is benefiting from increasing demand from streaming, IoT and the cloud in what could be a super cyclical upswing. Results announced last week saw revenues jump 47% and earnings 364%. With 80% of revenues coming from fast growing 100G, growth is expected to continue - not as fast but at a healthy rate. Trailing PE of 16 looks cheap.
This is not a recommendation to buy or sell. Stocks are not suitable for all investors. Please do your own research.
Submitted August 15, 2017 at 03:25PM by InterestingNews1 http://ift.tt/2uGw9EU
