Oclaro (OCLR) Given Coverage Optimism Score of 0.06

Media stories about Oclaro (NASDAQ:OCLR) have trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Oclaro earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave media headlines about the semiconductor company an impact score of 46.7800362963574 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the news stories that may have effected Accern Sentiment’s scoring:

Shares of Oclaro (NASDAQ OCLR) opened at $6.22 on Friday. Oclaro has a twelve month low of $5.86 and a twelve month high of $11.30. The stock has a market capitalization of $1,042.32, a PE ratio of 7.92, a P/E/G ratio of 0.90 and a beta of 1.41.

Oclaro (NASDAQ:OCLR) last released its earnings results on Wednesday, November 1st. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.02. Oclaro had a return on equity of 28.11% and a net margin of 24.31%. The business had revenue of $155.60 million for the quarter, compared to analyst estimates of $154.51 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. Oclaro’s revenue was up 14.8% on a year-over-year basis. equities analysts expect that Oclaro will post 0.51 earnings per share for the current fiscal year.

A number of analysts have recently commented on the company. Zacks Investment Research lowered Oclaro from a “hold” rating to a “sell” rating in a report on Wednesday. Cowen and Company restated a “buy” rating on shares of Oclaro in a report on Friday, November 3rd. ValuEngine lowered Oclaro from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Craig Hallum lowered Oclaro from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Finally, Needham & Company LLC lowered Oclaro from a “strong-buy” rating to a “buy” rating and cut their price target for the company from $14.00 to $9.00 in a report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $12.67.

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In other Oclaro news, insider Michael H. Fernicola sold 12,869 shares of the company’s 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 sale, the insider now owns 106,225 shares in the company, valued at $915,659.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Greg Dougherty sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The shares were 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 in the company, valued at approximately $13,145,440.32. The disclosure for this sale can be found here. Insiders sold 65,051 shares of company stock worth $578,669 in the last 90 days. Corporate insiders own 2.00% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Oclaro (NASDAQ:OCLR)

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