Oclaro, Inc. (NASDAQ:OCLR) saw a significant growth in short interest in June. As of June 15th, there was short interest totalling 44,559,238 shares, a growth of 4.2% from the May 31st total of 42,763,896 shares. Based on an average trading volume of 14,992,017 shares, the short-interest ratio is currently 3.0 days. Currently, 27.3% of the shares of the stock are short sold.

Shares of Oclaro (NASDAQ:OCLR) opened at 9.55 on Wednesday. Oclaro has a 12-month low of $4.48 and a 12-month high of $11.30. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 17.36 and a beta of 1.62. The stock has a 50 day moving average of $9.13 and a 200 day moving average of $9.16.

Oclaro (NASDAQ:OCLR) last released its earnings results on Tuesday, May 2nd. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.04. Oclaro had a net margin of 14.51% and a return on equity of 28.78%. The business had revenue of $162.18 million during the quarter, compared to analyst estimates of $160.06 million. During the same quarter in the prior year, the firm earned $0.03 earnings per share. Equities research analysts predict that Oclaro will post $0.76 earnings per share for the current fiscal year.

OCLR has been the subject of a number of recent research reports. Piper Jaffray Companies reissued an “overweight” rating and issued a $15.00 price objective on shares of Oclaro in a research note on Friday, March 3rd. Needham & Company LLC reissued a “strong-buy” rating and issued a $14.00 price objective on shares of Oclaro in a research note on Wednesday, March 15th. Jefferies Group LLC reissued a “buy” rating on shares of Oclaro in a research note on Thursday, March 16th. Zacks Investment Research cut shares of Oclaro from a “buy” rating to a “hold” rating in a research note on Wednesday, March 22nd. Finally, MKM Partners reissued a “buy” rating and issued a $12.00 price objective on shares of Oclaro in a research note on Friday, April 21st. One investment analyst has rated the stock with a sell rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. Oclaro presently has a consensus rating of “Buy” and an average price target of $11.90.

In other Oclaro news, EVP Lisa Paul sold 5,000 shares of Oclaro stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $9.17, for a total value of $45,850.00. Following the completion of the transaction, the executive vice president now directly owns 183,460 shares of the company’s stock, valued at approximately $1,682,328.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Greg Dougherty sold 40,000 shares of Oclaro stock in a transaction on Friday, May 12th. The stock was sold at an average price of $9.00, for a total transaction of $360,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,220,619 shares of the company’s stock, valued at $10,985,571. The disclosure for this sale can be found here. Insiders have sold 124,031 shares of company stock valued at $1,114,852 over the last ninety days. 2.30% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in the stock. Suntrust Banks Inc. raised its stake in shares of Oclaro by 1.9% in the first quarter. Suntrust Banks Inc. now owns 19,133 shares of the semiconductor company’s stock worth $187,000 after buying an additional 355 shares in the last quarter. National Asset Management Inc. raised its stake in shares of Oclaro by 15.2% in the first quarter. National Asset Management Inc. now owns 12,144 shares of the semiconductor company’s stock worth $121,000 after buying an additional 1,601 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of Oclaro by 3.5% in the first quarter. Metropolitan Life Insurance Co. NY now owns 73,515 shares of the semiconductor company’s stock worth $722,000 after buying an additional 2,453 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of Oclaro by 1.7% in the first quarter. California Public Employees Retirement System now owns 250,224 shares of the semiconductor company’s stock worth $2,457,000 after buying an additional 4,300 shares in the last quarter. Finally, Swiss National Bank raised its stake in shares of Oclaro by 1.6% in the first quarter. Swiss National Bank now owns 273,400 shares of the semiconductor company’s stock worth $2,685,000 after buying an additional 4,400 shares in the last quarter. 70.50% of the stock is owned by hedge funds and other institutional investors.

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Oclaro Company Profile

Oclaro, Inc is a provider of optical components, modules and subsystems for the core optical transport, service provider, enterprise and data center markets. The Company provides various solutions for optical networks and interconnects driving the next wave of streaming video, cloud computing, application virtualization and other bandwidth-intensive and high-speed applications.

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