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Today’s Research Reports on Stocks to Watch: Square, Inc. and Oclaro, Inc.

ACCESSWIRE

NEW YORK, NY / ACCESSWIRE / November 20, 2017 / Square shares continued to see more gains on Friday after announcing last week that it would be allowing some users to buy and sell Bitcoin. An Evercore analyst also upped her price target on the stock to more than double what was previously listed. Oclaro shares saw slight gains as well in Friday trading despite any news. The stock had tanked earlier in the month after releasing dismal guidance for the second quarter.

RDI Initiates Coverage on:

Square, Inc.
http://www.rdinvesting.com/report/?ticker=SQ

Oclaro, Inc.
http://www.rdinvesting.com/report/?ticker=OCLR

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Square, Inc. shares closed up 5.44% on a little over 39 million shares this past Friday. The stock even hit a new high of $45.74 during intra-day trading. It was an exciting week for the company after announcing that it would be experimenting with Bitcoin last week. Evercore analyst Rayna Kumar raised her price target on the stock from $25 to $51 on Thursday night which had traders cheering on Friday. According to the analyst, Square will see a revenue growth of 40% next year and 35% in 2019. Compared to the 31% that average Street analysts expect next year and the 29% they expect in 2019, the numbers are a lot better. Kumar wrote, "Over the past year, Square demonstrated strong product adoption with 'large sellers,' while also limiting price deterioration. This trend should continue, thanks to products like the Square Register that are meant to appeal to somewhat bigger merchants who want to manage multiple aspects of their businesses on a single device." Shares are up about 224% for the year so far.

Access RDI's Square, Inc. Research Report at:
http://www.rdinvesting.com/report/?ticker=SQ

Oclaro, Inc. shares closed up 3.46% on Friday with nearly 6.7 million shares traded. There was no significant news from the company yesterday, but last week showed some rebound activity after shares sank in the beginning for the month. Oclaro released its first quarter earnings report at the start of the month and although the quarter had a solid performance, it was weak guidance going forward that had shares crashing 24% shortly after. The optical components maker reported first-quarter sales of $155.6 million, ahead of the $154.3 million expected. Adjusted earnings at $0.20 per diluted share was also a growth of 43% and ahead of the $0.18 that analysts had expected. The second quarter and management seeing "choppiness" is what left traders discouraged. For the second quarter, Oclaro sees sales at around $137 million, and adjusted operating profits of around $21 million. Earlier in the month the stock receive a reiterate "buy" rating from Cowen and Company.

Access RDI's Oclaro, Inc. Research Report at:
http://www.rdinvesting.com/report/?ticker=OCLR

Our Actionable Research on Square, Inc. (NYSE: SQ) and Oclaro, Inc. (NASDAQ: OCLR) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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SOURCE: RDInvesting.com