Oclaro (OCLR) Set to Announce Quarterly Earnings on Monday
Oclaro (NASDAQ:OCLR) is scheduled to be issuing its Q413 quarterly earnings data on Monday, September 16th. Analysts expect the company to announce earnings of ($0.36) per share and revenue of $137.50 million for the quarter.
Shares of Oclaro (NASDAQ:OCLR) traded up 15.07% during mid-day trading on Friday, hitting $1.68. 6,751,065 shares of the company’s stock traded hands. Oclaro has a 1-year low of $0.88 and a 1-year high of $3.19. The stock’s 50-day moving average is $1.1 and its 200-day moving average is $1.18. The company’s market cap is $155.6 million.
Several analysts have recently commented on the stock. Analysts at B. Riley upgraded shares of Oclaro (NASDAQ:OCLR) from a “neutral” rating to a “buy” rating in a research note to investors on Friday. They now have a $2.40 price target on the stock, up previously from $1.31. On the ratings front, analysts at Thomson Reuters/Verus upgraded shares of Oclaro (NASDAQ:OCLR) from a “sell” rating to a “hold” rating in a research note to investors on Monday, August 5th. Finally, analysts at Thomson Reuters/Verus downgraded shares of Oclaro (NASDAQ:OCLR) from a “hold” rating to a “sell” rating in a research note to investors on Monday, July 22nd.
Oclaro, Inc, is a provider of optical communications and laser components, modules and subsystems for a range of markets, including telecommunications (NASDAQ:OCLR), industrial, scientific, consumer electronics and medical.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.