Media headlines about Oclaro (NASDAQ:OCLR) have been trending somewhat positive on Tuesday, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Oclaro earned a coverage optimism score of 0.20 on Accern’s scale. Accern also assigned media coverage about the semiconductor company an impact score of 45.6499379876228 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Oclaro, Inc. (OCLR) registers a price change of -2.09% while Okta, Inc. (OKTA) finishes with a flow of -3.09% – Stocks Gallery (stocksgallery.com)
- Oclaro to Announce First Quarter Fiscal Year 2018 Financial Results on Wednesday, November 1, 2017 (finance.yahoo.com)
- Analyzing Oclaro (OCLR) & Lumentum Holdings (LITE) (americanbankingnews.com)
- What Analysts Have to Say About Oclaro Inc (OCLR)?Expert Gazette … – ExpertGazette (expertgazette.com)
- Oclaro Inc (OCLR) Could Soar to $14 in a Year, Analysts Say – ExpertGazette (expertgazette.com)
Several analysts recently weighed in on OCLR shares. Raymond James Financial, Inc. assumed coverage on Oclaro in a research note on Thursday, September 14th. They issued a “strong-buy” rating and a $12.00 price objective on the stock. MKM Partners reissued a “buy” rating and set a $12.00 price target (up from $10.50) on shares of Oclaro in a research note on Wednesday, July 26th. Cantor Fitzgerald reissued an “overweight” rating and set a $21.00 price target (down from $35.00) on shares of Oclaro in a research note on Thursday, July 13th. BidaskClub lowered Oclaro from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Finally, DA Davidson assumed coverage on Oclaro in a research note on Thursday, June 22nd. They set a “buy” rating and a $14.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $13.33.
Shares of Oclaro (NASDAQ:OCLR) traded up 0.36% during trading on Tuesday, hitting $8.40. The stock had a trading volume of 3,066,415 shares. Oclaro has a 52 week low of $6.91 and a 52 week high of $11.30. The company has a market capitalization of $1.42 billion, a PE ratio of 10.91 and a beta of 1.61. The firm has a 50-day moving average price of $8.64 and a 200 day moving average price of $9.02.
Oclaro (NASDAQ:OCLR) last issued its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.03. The company had revenue of $149.38 million during the quarter, compared to analysts’ expectations of $148.04 million. Oclaro had a return on equity of 27.63% and a net margin of 21.28%. Oclaro’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.11 EPS. Equities analysts anticipate that Oclaro will post $0.74 earnings per share for the current year.
In other Oclaro news, insider Michael H. Fernicola sold 12,869 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $8.62, for a total value of $110,930.78. Following the completion of the sale, the insider now owns 106,225 shares in the company, valued at approximately $915,659.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Greg Dougherty sold 40,000 shares of the stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $9.12, for a total value of $364,800.00. Following the completion of the sale, the chief executive officer now owns 1,441,386 shares of the company’s stock, valued at approximately $13,145,440.32. The disclosure for this sale can be found here. Insiders have sold a total of 85,183 shares of company stock valued at $747,174 over the last 90 days. 2.00% of the stock is currently owned by company insiders.
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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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