Loop Capital Begins Coverage on Oclaro (OCLR)

Research analysts at Loop Capital began coverage on shares of Oclaro (NASDAQ:OCLR) in a research report issued to clients and investors on Monday, The Fly reports. The firm set a “buy” rating on the semiconductor company’s stock.

A number of other research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Oclaro from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Jefferies Group restated a “buy” rating and issued a $12.50 price target on shares of Oclaro in a research report on Wednesday, November 1st. Northland Securities restated a “buy” rating and issued a $12.75 price target on shares of Oclaro in a research report on Wednesday, November 1st. Needham & Company LLC downgraded shares of Oclaro from a “buy” rating to a “hold” rating in a research report on Monday, December 18th. Finally, ValuEngine downgraded shares of Oclaro from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $12.38.

Oclaro (NASDAQ OCLR) traded down $0.07 during trading hours on Monday, reaching $6.06. 3,175,888 shares of the company traded hands, compared to its average volume of 4,620,000. Oclaro has a twelve month low of $5.82 and a twelve month high of $11.30. The firm has a market cap of $1,020.00, a P/E ratio of 6.81, a PEG ratio of 0.91 and a beta of 1.30.

Oclaro (NASDAQ:OCLR) last posted its earnings results on Wednesday, November 1st. The semiconductor company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.18 by $0.02. The business had revenue of $155.60 million for the quarter, compared to the consensus estimate of $154.51 million. Oclaro had a net margin of 24.31% and a return on equity of 28.11%. The firm’s revenue was up 14.8% compared to the same quarter last year. During the same period last year, the company earned $0.14 EPS. analysts predict that Oclaro will post 0.5 EPS for the current year.

In other news, EVP Lisa Paul sold 5,000 shares of Oclaro stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $7.45, for a total value of $37,250.00. Following the completion of the sale, the executive vice president now owns 232,950 shares in the company, valued at approximately $1,735,477.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas Gordon Beck Mason sold 39,255 shares of Oclaro stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $7.22, for a total transaction of $283,421.10. Following the completion of the sale, the insider now owns 171,226 shares of the company’s stock, valued at approximately $1,236,251.72. The disclosure for this sale can be found here. Insiders sold a total of 51,271 shares of company stock valued at $364,240 in the last quarter. 2.00% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. SG Capital Management LLC bought a new stake in Oclaro during the 4th quarter valued at $4,841,000. Commerzbank Aktiengesellschaft FI increased its stake in Oclaro by 4.1% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 452,850 shares of the semiconductor company’s stock valued at $3,052,000 after purchasing an additional 17,989 shares in the last quarter. Legato Capital Management LLC increased its stake in Oclaro by 40.1% during the 4th quarter. Legato Capital Management LLC now owns 62,486 shares of the semiconductor company’s stock valued at $421,000 after purchasing an additional 17,878 shares in the last quarter. SG Americas Securities LLC increased its stake in Oclaro by 45.8% during the 4th quarter. SG Americas Securities LLC now owns 150,675 shares of the semiconductor company’s stock valued at $1,016,000 after purchasing an additional 47,355 shares in the last quarter. Finally, Strs Ohio increased its stake in Oclaro by 7.7% during the 4th quarter. Strs Ohio now owns 350,000 shares of the semiconductor company’s stock valued at $2,359,000 after purchasing an additional 25,000 shares in the last quarter. Institutional investors own 70.55% of the company’s stock.

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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.

The Fly

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