Dallas, Texas 11/18/2013 (Financialstrend) – In Friday’s trading session, Oclaro, Inc (NASDAQ:OCLR) rose by 7.69%. The shares opened at a price of $2.20, which touched the intraday high of $2.42 and headed to a close of $2.38. Around 3.18 million exchanged hands over the trading day and an average volume of 1.36 million shares were traded over a 30 day period. The 52-week low of Oclaro, Inc (NASDAQ:OCLR) shares is $0.88 and its 52-week high is $2.42. The company has a market capitalization of $221.04 million.
About the company
Oclaro, Inc (NASDAQ:OCLR) was incorporated on 29 June 2006. It is a provider of optical-communications & laser-components, modules & subsystems for a variety of markets. These include telecommunications, scientific, industrial, consumer electronics & medical. It has product offerings like tunable laser, pump laser-chips, lithium-niobate external modulators, thin film-filters & amplifiers. Oclaro, Inc (NASDAQ:OCLR) is a supplier of optical-network technology to telecom -equipment companies globally. It designs, manufactures & markets optical-components, modules & subsystems that generate & detect, amplify & combine as well as separate light-signals in telecom networks. On 23 July 2012, it acquired Opnext, Inc. In 2013 November II-VI Inc announced the completion of the acquisition of the fiber-amplifier and micro-optics business of Oclaro, Inc (NASDAQ:OCLR)
Oclaro, Inc (NASDAQ:OCLR) targets telecom-equipment manufacturers that integrate its optical-technology into systems that it offers to telecom-carriers that are building, upgrading & operating optical-networks. It supplies optical-products at the component level, including tunable -lasers, pump lasers, external-modulators, integrated lasers & modulators and receivers. Oclaro, Inc (NASDAQ:OCLR) is also supplies products at the module & subsystem levels, including transponders, transceivers, tunable-dispersion compensation, wavelength-selective switch, amplifiers and controlled subsystems. These include integrated reconfigurable-optical add-drop multiplexer line cards.
Within Oclaro, Inc (NASDAQ:OCLR)’s overall business, It also has some specific product lines. These product lines focus on designing, manufacture, marketing & sale of optics & photonics solutions in select non-telecom markets.