Oclaro, Inc. (NASDAQ:OCLR) Sees Volume Pop in Session

Xavier Trudeau
Juillet 17, 2017

Dimensional Fund Advisors LP now owns 2,284,301 shares of the semiconductor company's stock valued at $20,445,000 after buying an additional 697,014 shares during the period. The stock presently has a consensus rating of "Buy" and an average target price of $12.75. (OCLR) is its Earnings per Share or EPS. Zacks Investment Research raised shares of Oclaro from a "hold" rating to a "buy" rating and set a $11.00 price objective for the company in a research note on Wednesday, April 5th. Jefferies Group LLC dropped their price target on Oclaro from $14.00 to $12.00 and set a "buy" rating on the stock in a research note on Wednesday, May 3rd.

Northland Securities reissued their buy rating on shares of Oclaro, Inc.

DA Davidson "Initiates Coverage On" Oclaro Inc (NASDAQ:OCLR) in a research note issued to investors on 6/23/17 to Buy with price target of $14. One research analyst has rated the stock with a sell rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock.

Oclaro, Inc. (NASDAQ:OCLR) shares saw a recent bid of $9.78 and 12.32M shares have exchanged hands in the recent trading session, yielding a 7.00% gain over the past week.OCLR price increased 1.98% or $-0.19 versus $9.59 at the end of the prior session. Oclaro has a 12-month low of $5.10 and a 12-month high of $11.30. The level of 50 represents neutral market momentum and corresponds with the center line in other oscillators such as MACD (Moving Average Convergence/Divergence). (OCLR) now trades with a market capitalization of $1.64 Billion.

Oclaro (NASDAQ:OCLR) last issued its quarterly earnings data on Tuesday, May 2nd. Piper Jaffray Companies reaffirmed an overweight rating and set a $15.00 price objective on shares of Oclaro in a research note on Friday, March 3rd.

Oclaro Inc (NASDAQ:OCLR) has average revenue estimates of $148.04 Million, compared to low analyst estimates of $145.96 Million and high estimates of $149 Million for the current quarter. Relative Strength Index (RSI-14) for Oclaro, Inc. During the same quarter in the previous year, the firm earned $0.03 earnings per share. Previously Oclaro Inc (NASDAQ:OCLR) reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.2 by $0.03 with surprise factor of 15%.

Many analysts have provided their estimated foresights on Oclaro, Inc. (OCLR) is 0.23 while the analysts predicted the EPS of the stock to be 0.2 suggesting the company fell short of the analysts' expectations. If you are reading this piece on another domain, it was illegally copied and republished in violation of U.S. and global copyright and trademark legislation. The legal version of this news story can be accessed at https://transcriptdaily.com/2017/07/15/oclaros-oclr-strong-buy-rating-reaffirmed-at-needham-company-llc-updated-updated-updated.html. The stock was sold at an average price of $8.88, for a total transaction of $369,514.56. Following the completion of the sale, the executive vice president now directly owns 183,460 shares in the company, valued at $1,682,328.20. Also, EVP Lisa Paul sold 5,000 shares of the stock in a transaction that occurred on Thursday, June 1st. The company's beta value is at 1.54. The disclosure for this sale can be found here. In the last three months, insiders sold 124,031 shares of company stock worth $1,114,852. The average volume of a stock suggests the liquidity of a particular company.

Oclaro, Inc. (OCLR) is expected to post revenue of $160.19 Million in the current quarter, according to consensus of 10 analysts.

Hedge funds have recently added to or reduced their stakes in the stock. Oberweis Asset Management Inc. bought a new position in shares of Oclaro during the fourth quarter valued at approximately $119,000.

Tightening the gaze, stock performance for the last 5 trading days is 3.45%. Capital One National Association purchased a new position in Oclaro during the second quarter valued at about $630,000. Eastern Time, the Company will host a conference call to discuss its financial results for the fourth quarter and fiscal year 2017, which ended July 1, 2017.

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