Oclaro Inc (NASDAQ:OCLR) EVP David Teichmann sold 24,962 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $6.41, for a total transaction of $160,006.42. Following the transaction, the executive vice president now owns 349,305 shares in the company, valued at approximately $2,239,045.05. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Oclaro Inc (NASDAQ:OCLR) traded up $0.19 during trading hours on Tuesday, reaching $6.60. 2,159,609 shares of the company were exchanged, compared to its average volume of 5,530,000. Oclaro Inc has a 1-year low of $5.61 and a 1-year high of $11.30. The firm has a market cap of $1,110.00, a price-to-earnings ratio of 8.05, a PEG ratio of 1.17 and a beta of 1.14.
Oclaro (NASDAQ:OCLR) last posted its earnings results on Monday, February 5th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. Oclaro had a net margin of 23.00% and a return on equity of 23.17%. The business had revenue of $139.30 million for the quarter, compared to analyst estimates of $138.83 million. During the same period last year, the business posted $0.21 EPS. Oclaro’s revenue was down 9.5% compared to the same quarter last year. equities research analysts forecast that Oclaro Inc will post 0.44 EPS for the current fiscal year.
Several research analysts have recently commented on OCLR shares. Loop Capital started coverage on shares of Oclaro in a research note on Monday, January 29th. They set a “buy” rating and a $10.00 price target on the stock. Stifel Nicolaus dropped their price target on shares of Oclaro from $10.00 to $8.50 and set a “buy” rating on the stock in a research note on Wednesday, January 24th. ValuEngine lowered shares of Oclaro from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Needham & Company LLC lowered shares of Oclaro from a “buy” rating to a “hold” rating in a research note on Monday, December 18th. Finally, Jefferies Group restated a “buy” rating and set a $12.50 price target on shares of Oclaro in a research note on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Oclaro presently has an average rating of “Buy” and a consensus target price of $10.18.
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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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