Oclaro, Inc. (NASDAQ:OCLR) insider Thomas Gordon Beck Mason sold 39,255 shares of Oclaro stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $7.22, for a total value of $283,421.10. Following the completion of the transaction, the insider now owns 171,226 shares in the company, valued at $1,236,251.72. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Oclaro, Inc. (NASDAQ:OCLR) traded down $0.11 on Friday, hitting $7.01. The stock had a trading volume of 5,764,018 shares, compared to its average volume of 8,569,907. The firm has a market cap of $1,180.00, a PE ratio of 9.18, a P/E/G ratio of 1.05 and a beta of 1.41. Oclaro, Inc. has a 1-year low of $5.86 and a 1-year high of $11.30.

Oclaro (NASDAQ:OCLR) last posted its quarterly earnings results on Wednesday, November 1st. The semiconductor company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.18 by $0.02. The business had revenue of $155.60 million during the quarter, compared to analysts’ expectations of $154.51 million. Oclaro had a return on equity of 28.11% and a net margin of 24.31%. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period last year, the firm earned $0.14 EPS. research analysts predict that Oclaro, Inc. will post 0.51 earnings per share for the current fiscal year.

Several research analysts have weighed in on OCLR shares. Piper Jaffray Companies reiterated a “buy” rating and issued a $12.00 target price on shares of Oclaro in a research note on Thursday, August 3rd. Raymond James Financial started coverage on Oclaro in a research note on Thursday, September 14th. They issued a “strong-buy” rating and a $12.00 target price on the stock. B. Riley reiterated a “buy” rating and issued a $11.75 target price on shares of Oclaro in a research note on Tuesday, August 8th. Jefferies Group reiterated a “buy” rating and issued a $12.50 target price on shares of Oclaro in a research note on Wednesday, November 1st. Finally, DA Davidson reiterated a “buy” rating and issued a $11.00 target price on shares of Oclaro in a research note on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $12.67.

Institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its holdings in Oclaro by 120.0% during the second quarter. BlackRock Inc. now owns 16,827,106 shares of the semiconductor company’s stock worth $157,166,000 after purchasing an additional 9,177,551 shares during the last quarter. Neumeier Poma Investment Counsel LLC acquired a new position in Oclaro during the second quarter worth $14,066,000. State Street Corp raised its holdings in Oclaro by 54.0% during the second quarter. State Street Corp now owns 3,841,177 shares of the semiconductor company’s stock worth $35,877,000 after purchasing an additional 1,346,216 shares during the last quarter. Vanguard Group Inc. raised its holdings in Oclaro by 17.9% during the second quarter. Vanguard Group Inc. now owns 8,326,122 shares of the semiconductor company’s stock worth $77,766,000 after purchasing an additional 1,265,269 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D acquired a new position in Oclaro during the second quarter worth $9,340,000. 70.77% of the stock is owned by institutional investors and hedge funds.

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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.

Insider Buying and Selling by Quarter for Oclaro (NASDAQ:OCLR)

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