A number of research firms have changed their ratings and price targets for Oclaro (NASDAQ: OCLR):

  • 8/3/2017 – Oclaro had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $11.75 price target on the stock.
  • 8/3/2017 – Oclaro had its “strong-buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $14.00 price target on the stock.
  • 8/3/2017 – Oclaro had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $14.00 price target on the stock, up previously from $13.00.
  • 8/3/2017 – Oclaro had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $12.50 price target on the stock, up previously from $12.00.
  • 8/3/2017 – Oclaro had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $12.00 price target on the stock.
  • 8/1/2017 – Oclaro was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/26/2017 – Oclaro had its “buy” rating reaffirmed by analysts at MKM Partners. They now have a $12.00 price target on the stock, up previously from $10.50.
  • 7/13/2017 – Oclaro had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $21.00 price target on the stock, down previously from $35.00.
  • 7/10/2017 – Oclaro had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $12.00 price target on the stock, up previously from $10.00.
  • 7/8/2017 – Oclaro was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating.
  • 6/23/2017 – Oclaro had its “buy” rating reaffirmed by analysts at Northland Securities. They now have a $12.00 price target on the stock.
  • 6/22/2017 – Oclaro is now covered by analysts at DA Davidson. They set a “buy” rating and a $14.00 price target on the stock.
  • 6/12/2017 – Oclaro had its “strong-buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $14.00 price target on the stock.

Shares of Oclaro, Inc. (OCLR) traded up 1.03% during midday trading on Monday, reaching $8.83. 4,020,987 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $9.70 and its 200 day moving average price is $9.35. The stock has a market capitalization of $1.48 billion, a P/E ratio of 11.47 and a beta of 1.55. Oclaro, Inc. has a 1-year low of $5.75 and a 1-year high of $11.30.

Oclaro (NASDAQ:OCLR) last posted its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. Oclaro had a net margin of 21.28% and a return on equity of 27.63%. The company had revenue of $149.38 million during the quarter, compared to analyst estimates of $148.04 million. During the same period in the prior year, the firm earned $0.11 earnings per share. The business’s quarterly revenue was up 19.3% on a year-over-year basis. On average, equities analysts predict that Oclaro, Inc. will post $0.74 earnings per share for the current fiscal year.

In related news, insider Thomas Gordon Beck Mason sold 32,352 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $9.12, for a total transaction of $295,050.24. Following the transaction, the insider now owns 144,125 shares of the company’s stock, valued at $1,314,420. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Michael H. Fernicola sold 5,067 shares of the firm’s stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $8.77, for a total transaction of $44,437.59. Following the transaction, the insider now directly owns 61,292 shares in the company, valued at approximately $537,530.84. The disclosure for this sale can be found here. Insiders sold 124,031 shares of company stock valued at $1,114,852 over the last three months. 2.30% of the stock is owned by insiders.

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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