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Technology Stocks : OCLI - Optical Coating Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Robert5788 who wrote (43)6/23/1999 12:35:00 AM
From: jay silberman  Read Replies (1) | Respond to of 74
 
also from IBD:

investors.com

"Date: 6/23/99

Optical Coating Labs notched a new high of 73 1 1/16 before closing up 1 1/2 at 70 3/4 on above- average trade. The stock had been consolidating for six weeks following a 180% run from mid-February to May 12.

The Santa Rosa, Calif.-based firm makes thin-film coated optical components for the telecom, aerospace and office automation markets. Customers include Hughes, Texas Instruments, DuPont, Mitsubishi and Xerox.

Duff & Phelps Credit Rating on Tuesday raised Optical Coating's senior debt rating to triple-B-plus from triple- B, citing strong operating performance and a shrinking debt load.

Earnings have grown 30% to 92% the last six quarters, while post-tax margins in the latest quarter rose to 5.6%, the highest in at least 14 periods. Analysts polled by First Call see July third-quarter net rising 41% from a year ago to 38 cents a share."