25 May, 2017
Oclaro, Inc. (NASDAQ:OCLR) last session's volume of 7.1 million shares was lower than its average volume of 11.51 million shares. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.04.
The company reported an impressive total revenue of 407.91 Million in the last fiscal year.
For a total return analysis, there is the 6.40% return on equity and the 23.80% return on assets to consider. During the same period past year, the firm earned $0.03 EPS. The stock, after opening at $9.43, hit $9.13 through the close by scoring -2.56%. The analysts estimated sales for the higher end at 177.9 million and lower end at 155 million while the year ago reported sale was 139.06 million. The firm has a 50-day moving average price of $8.67 and a 200 day moving average price of $9.08. A beta of less than 1 means that the security will be less volatile than the market. This is an increase of 117% compared to the typical volume of 871 call options.
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Oclaro (NASDAQ:OCLR) last posted its quarterly earnings data on Tuesday, May 2nd.
OCLR has been the subject of a number of research reports. Needham & Company LLC restated a "strong-buy" rating and set a $14.00 price objective on shares of Oclaro in a research note on Wednesday, February 1st. Stifel Nicolaus reiterated a "buy" rating and set a $12.00 target price on shares of Oclaro in a report on Monday, January 23rd. Jefferies Group LLC reaffirmed a "buy" rating on shares of Oclaro in a research report on Thursday, March 16th. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance. One equities research analyst has rated the stock with a sell rating and eight have assigned a buy rating to the company's stock. The company presently has an average rating of "Buy" and an average target price of $11.68.
In other news, insider Thomas Gordon Beck Mason sold 62,563 shares of Oclaro stock in a transaction on Friday, March 17th.
The stock subtracted in the prior trading session by -2.56%, closing at the stock price of $9.13. Following the sale, the insider now owns 182,426 shares in the company, valued at approximately $1,685,616.24. Also, EVP David Teichmann sold 41,612 shares of the business's stock in a transaction dated Thursday, May 11th.
The objective of a stock price analysis is to study the behaviour of stock prices. Its book value per share for the most recent quarter is $2.71 while its price to book ratio for the same period is 3.37, as for as the company's cash per share for the most recent quarter is $1.55, however its price to cash per share ratio for the same period is 5.9. Over the last ninety days, insiders have sold 181,594 shares of company stock valued at $1,647,085.
Institutional investors have recently added to or reduced their stakes in the stock.
Recent Analyst Recommendations: OCLARO, INC.
Currently Oclaro Inc (NASDAQ:OCLR)'s shares owned by insiders are 2.1%, whereas shares owned by institutional owners are 72%.
Oclaro, Inc. (OCLR) is an interesting player in the Technology space, with a focus on Semiconductor Equipment & Materials. Metropolitan Life Insurance Co. Swiss National Bank raised its position in Oclaro by 1.6% in the first quarter. Finally, Zweig DiMenna Associates LLC purchased a new position in Oclaro during the third quarter worth about $1,796,000. (OCLR) stands at -2.65 while the industry's and the sector's growth for next 5 years ticked at 2.67 and 4.84 respectively.
Despite the past success, investors want to know where the stock is headed from here. The legal version of this piece can be viewed at https://www.themarketsdaily.com/2017/05/24/mckinley-capital-management-llc-delaware-buys-147795-shares-of-oclaro-inc-oclr.html. 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.
