Lisa Paul Sells 5,000 Shares of Oclaro Inc (OCLR) Stock

Oclaro Inc (NASDAQ:OCLR) EVP Lisa Paul sold 5,000 shares of Oclaro stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $7.45, for a total value of $37,250.00. Following the sale, the executive vice president now owns 232,950 shares of the company’s stock, valued at $1,735,477.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Oclaro Inc (OCLR) traded up $0.08 during mid-day trading on Friday, hitting $7.24. The company had a trading volume of 5,305,022 shares, compared to its average volume of 5,536,930. The company has a market capitalization of $1,221.97, a P/E ratio of 9.28, a P/E/G ratio of 1.06 and a beta of 1.31. Oclaro Inc has a 12-month low of $5.86 and a 12-month high of $11.30.

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

Several research firms have recently weighed in on OCLR. Northland Securities reiterated a “buy” rating and set a $12.75 target price on shares of Oclaro in a research report on Friday, September 15th. Needham & Company LLC downgraded Oclaro from a “strong-buy” rating to a “buy” rating and decreased their target price for the stock from $14.00 to $9.00 in a research report on Thursday, November 2nd. ValuEngine downgraded Oclaro from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Zacks Investment Research upgraded Oclaro from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $12.00 target price on shares of Oclaro in a research report on Friday, October 6th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Oclaro presently has an average rating of “Buy” and an average target price of $12.67.

Several hedge funds have recently added to or reduced their stakes in the stock. Shelton Capital Management bought a new position in Oclaro in the second quarter worth about $117,000. Everence Capital Management Inc. bought a new position in Oclaro in the third quarter worth about $110,000. Ameritas Investment Partners Inc. raised its holdings in Oclaro by 53.3% in the second quarter. Ameritas Investment Partners Inc. now owns 14,542 shares of the semiconductor company’s stock worth $136,000 after purchasing an additional 5,057 shares in the last quarter. GLG Partners LP bought a new position in Oclaro in the second quarter worth about $140,000. Finally, ProShare Advisors LLC raised its holdings in Oclaro by 28.3% in the second quarter. ProShare Advisors LLC now owns 16,531 shares of the semiconductor company’s stock worth $154,000 after purchasing an additional 3,650 shares in the last quarter. Hedge funds and other institutional investors own 70.66% 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.

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