Oclaro Inc (NASDAQ:OCLR) has been assigned an average rating of “Buy” from the seventeen brokerages that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $12.90.
A number of analysts have recently weighed in on the stock. Needham & Company LLC lowered shares of Oclaro from a “buy” rating to a “hold” rating in a report on Monday. Craig Hallum lowered shares of Oclaro from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Stifel Nicolaus reiterated a “buy” rating and set a $12.00 target price on shares of Oclaro in a report on Friday, October 6th. DA Davidson reiterated a “buy” rating and set a $11.00 target price on shares of Oclaro in a report on Thursday, November 2nd. Finally, ValuEngine upgraded shares of Oclaro from a “hold” rating to a “buy” rating in a report on Friday, December 1st.
In other news, CAO Michael H. Fernicola sold 7,016 shares of Oclaro stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $6.21, for a total transaction of $43,569.36. Following the completion of the transaction, the chief accounting officer now directly owns 81,378 shares in the company, valued at $505,357.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lisa Paul sold 5,000 shares of Oclaro stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $7.45, for a total transaction of $37,250.00. Following the transaction, the executive vice president now owns 232,950 shares of the company’s stock, valued at $1,735,477.50. The disclosure for this sale can be found here. Insiders sold 51,271 shares of company stock valued at $364,240 over the last 90 days. 2.00% of the stock is currently owned by company insiders.
Oclaro (OCLR) opened at $7.05 on Tuesday. Oclaro has a 12 month low of $5.86 and a 12 month high of $11.30. The stock has a market capitalization of $1,221.97, a PE ratio of 9.28, a PEG ratio of 1.06 and a beta of 1.31.
Oclaro (NASDAQ:OCLR) last announced its quarterly earnings data on Wednesday, November 1st. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.02. Oclaro had a return on equity of 28.11% and a net margin of 24.31%. The firm had revenue of $155.60 million for the quarter, compared to analysts’ expectations of $154.51 million. During the same period last year, the firm earned $0.14 earnings per share. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. equities analysts predict that Oclaro will post 0.51 EPS for the current fiscal year.
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.
Receive News & Ratings for Oclaro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oclaro and related companies with MarketBeat.com's FREE daily email newsletter.