An investigation for investors in Oclaro, Inc. (NASDAQ: OCLR) shares over potential securities laws violations by Oclaro, Inc. was announced and NASDAQ: OCLR stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 05/04/2018 -- Oclaro, Inc is under investigation over potential securities laws violations in connection with certain financial statements made by Oclaro, Inc.
Investors who purchased shares of Oclaro, Inc. (NASDAQ: OCLR), have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Oclaro, Inc. (NASDAQ: OCLR) concerning whether a series of statements by Oclaro, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
San Jose, CA based Oclaro, Inc. designs, manufactures, and markets optical components, modules, and subsystems for the long-haul, metro, and data center markets worldwide. Oclaro, Inc. reported that its Total Revenue rose from $407.91 million for the 12 months period that ended on July 2, 2016 to $600.96 million for the 12 months period that ended on July 1, 2017 and that its Net Income increased from $8.58 million to $127.85 million.
Shares of Oclaro, Inc. (NASDAQ: OCLR) increased from $5.61 per share in February 2018 to as high $10.18 per share on March 14, 2018.
On April 16, 2018, it was reported that the U.S. Department of Commerce has banned American companies, including Oclaro, from selling components to Chinese telecom equipment maker ZTE Corporation for seven years after ZTE violated the terms of an agreement relating to a U.S. sanctions violation case.
Shares of Oclaro, Inc. (NASDAQ: OCLR) declined to as low as $7.70 per share on April 16, 2018.
Those who purchased shares of Oclaro, Inc. (NASDAQ: OCLR) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego
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