Finance

Analysts' Recommendations Roundup: Oclaro Inc (OCLR)

Analysts' Recommendations Roundup: Oclaro Inc (OCLR)

Zweig-Dimenna Associates Llc decreased Petroleo Brasileiro Sa Petro (NYSE:PBR) stake by 151,680 shares to 1.04M valued at $10.47M in 2016Q4. UBS Asset Management Americas Inc.'s holdings in Oclaro were worth $560,000 at the end of the most recent quarter.

Want to see what other hedge funds are holding OCLR? Emerald Advisers Inc. PA acquired a new position in shares of Oclaro during the first quarter valued at about $13,079,000. Suntrust Banks Inc. boosted its stake in shares of Oclaro by 1.9% in the first quarter. The fund owned 57,069 shares of the semiconductor company's stock after buying an additional 9,870 shares during the period. Finally, TRUE Private Wealth Advisors purchased a new position in shares of Oclaro during the first quarter worth approximately $342,000. Matthews International Capital Management LLC purchased a new stake in Oclaro during the first quarter worth approximately $3,026,000. Citigroup Inc holds 267 shares.

In recent trading day Oclaro, Inc. (OCLR) traded up 0.84% on Friday, reaching $8.39. Market capitalization is calculated by multiplying a company's shares outstanding by the current market price of one share. The company has market cap of $1.38 billion. However the price at the close of last session was -9.70% lower than its 50-day moving average and -4.96% under its 200-day moving average.

Oclaro (NASDAQ:OCLR) last announced its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.19 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.16 by $0.03.

While having a peek at profitability ratios Oclaro Inc (NASDAQ:OCLR) has trailing twelve month gross margin at 37.1%, its trailing twelve month operating margin stands at 0% whereas its trailing twelve month net profit margin spots at 0%. The business had revenue of $149.38 million during the quarter, compared to analysts' expectations of $148.04 million.

The Coca-Cola Company (NYSE:KO), stock is trading $46.42 above the 52-week high and has displayed a high EPS growth of -4.20% in last 5 years. The business's quarterly revenue was up 19.3% on a year-over-year basis.

Okazaki nets as Leicester lose to Arsenal in Premier League opener
I'm disappointed with the handball in the build up, but once the corner's given you have to defend it better. Leaping from sixth place to top may appear ambitious but United are precisely that.

TRADEMARK VIOLATION WARNING: This piece was first posted by Stock Observer and is the property of of Stock Observer. If you are reading this report on another publication, it was illegally stolen and republished in violation of U.S. and worldwide trademark & copyright law. On average, analysts anticipate that Oclaro, Inc. will post $0.74 EPS for the current fiscal year.

A number of equities analysts have commented on OCLR shares. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. Cantor Fitzgerald restated an "overweight" rating and set a $21.00 price objective (down previously from $35.00) on shares of Oclaro in a research report on Thursday, July 13th. Rosenblatt Securities initiated coverage on Oclaro in a research report on Wednesday, May 17th. Its minimum price target estimates has been figured out at $14 while the maximum price target forecast is established at $16. Cowen and Company reiterated an "outperform" rating and set a $14.00 price target (up previously from $13.00) on shares of Oclaro in a report on Thursday, August 3rd. The company presently has a consensus rating of "Buy" and a consensus target price of $12.97.

In other Oclaro news, insider Thomas Gordon Beck Mason sold 32,352 shares of Oclaro stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $9.12, for a total value of $295,050.24. Following the sale, the insider now directly owns 144,125 shares of the company's stock, valued at $1,314,420. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

In related news, EVP Lisa Paul sold 5,000 shares of Oclaro stock in a transaction that occurred on Thursday, June 1st. It increased, as 0 investors sold Blackrock New York Municipal 2018 Term T shares while 1 reduced holdings. The disclosure for this sale can be found here.

According to Zacks, "Oclaro, with headquarters in San Jose, California, is a tier 1 provider of high performance optical components, modules and subsystems to the telecommunications market, and is one of the largest providers to metro and long haul network applications".


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