Q3 2018 Earnings Estimate for Oclaro Inc (OCLR) Issued By B. Riley

Oclaro Inc (NASDAQ:OCLR) – Research analysts at B. Riley decreased their Q3 2018 earnings per share (EPS) estimates for shares of Oclaro in a research report issued on Tuesday. B. Riley analyst D. Kang now forecasts that the semiconductor company will earn $0.05 per share for the quarter, down from their prior forecast of $0.08. B. Riley currently has a “Buy” rating and a $8.50 price objective on the stock. B. Riley also issued estimates for Oclaro’s Q4 2018 earnings at $0.07 EPS and FY2018 earnings at $0.43 EPS.

Oclaro (NASDAQ:OCLR) last issued its quarterly earnings results on Monday, February 5th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.02. The firm had revenue of $139.30 million for the quarter, compared to the consensus estimate of $138.83 million. Oclaro had a net margin of 23.00% and a return on equity of 23.17%. The company’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.21 EPS.

A number of other research analysts also recently issued reports on OCLR. DA Davidson dropped their price target on shares of Oclaro from $11.00 to $9.00 and set a “buy” rating on the stock in a research report on Tuesday. Stifel Nicolaus dropped their price target on shares of Oclaro from $8.50 to $8.00 and set a “buy” rating on the stock in a research report on Tuesday. Northland Securities set a $9.00 price target on shares of Oclaro and gave the stock a “buy” rating in a research report on Monday, January 29th. Cowen restated a “buy” rating and issued a $8.00 price target on shares of Oclaro in a research report on Tuesday. Finally, UBS Group began coverage on shares of Oclaro in a research report on Wednesday, January 31st. They issued a “sell” rating and a $5.50 price target on the stock. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $10.18.

Oclaro (NASDAQ OCLR) opened at $6.71 on Thursday. The stock has a market cap of $1,146.02, a P/E ratio of 8.18, a PEG ratio of 1.18 and a beta of 1.14. Oclaro has a 1 year low of $5.61 and a 1 year high of $11.30.

In other Oclaro news, EVP Lisa Paul sold 5,000 shares of the business’s stock in a transaction 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 completion of the sale, the executive vice president now owns 232,950 shares in the company, valued at approximately $1,735,477.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas Gordon Beck Mason sold 39,255 shares of the business’s 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 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.

Hedge funds have recently made changes to their positions in the business. BlackRock Inc. increased its stake in Oclaro by 120.0% during the 2nd quarter. BlackRock Inc. now owns 16,827,106 shares of the semiconductor company’s stock valued at $157,166,000 after purchasing an additional 9,177,551 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Oclaro by 1,727.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 105,789 shares of the semiconductor company’s stock worth $913,000 after acquiring an additional 100,000 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Oclaro by 13.4% in the 3rd quarter. Rhumbline Advisers now owns 326,994 shares of the semiconductor company’s stock worth $2,822,000 after acquiring an additional 38,758 shares in the last quarter. TCW Group Inc. grew its stake in shares of Oclaro by 75.5% in the 3rd quarter. TCW Group Inc. now owns 1,333,288 shares of the semiconductor company’s stock worth $11,506,000 after acquiring an additional 573,433 shares in the last quarter. Finally, Heartland Advisors Inc. grew its stake in shares of Oclaro by 50.0% in the 3rd quarter. Heartland Advisors Inc. now owns 150,000 shares of the semiconductor company’s stock worth $1,295,000 after acquiring an additional 50,000 shares in the last quarter. Institutional investors and hedge funds own 70.69% of the company’s stock.

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About Oclaro

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.

Earnings History and Estimates for Oclaro (NASDAQ:OCLR)

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