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Oclaro Surges 7%: FYQ4 Beats, Redeems Optical Despite China Woes

Shares of fiber-optic component vendor Oclaro (OCLR) are up 62 cents, or almost 7%, at $9.75, in late trading, after the company this afternoon reported fiscal Q4 revenue and profit that topped analysts’ expectations, and forecast this quarter’s revenue in line with consensus.

The report follows a terribly disappointing forecast yesterday from competitor Macom Technology (MTSI), which had pushed down shares of Oclaro and other fiber names all day today. Competitors Finisar (FNSR) and Lumentum (