News stories about Oclaro (NASDAQ:OCLR) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Oclaro earned a news impact score of 0.10 on Accern’s scale. Accern also gave media coverage about the semiconductor company an impact score of 45.2521955842111 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s analysis:
- Stock Alert Oclaro, Inc. (NASDAQ:OCLR) a Semiconductor Equipment & Materials Company – The Stock Street (press release) (thestreetpoint.com)
- In Play Stock Characteristics: Oclaro Inc (NASDAQ: OCLR) – Alpha Beta Stock (alphabetastock.com)
- Oclaro, Inc. (OCLR) Expected to Announce Quarterly Sales of $141.85 Million (americanbankingnews.com)
- Oclaro (OCLR) Presents At MKM Partners Entertainment, Travel & Technology Conference 2017 – Slideshow (seekingalpha.com)
- ETFs with exposure to Oclaro, Inc. : November 17, 2017 (finance.yahoo.com)
A number of brokerages recently commented on OCLR. Cowen and Company reissued an “outperform” rating and issued a $14.00 price objective (up from $13.00) on shares of Oclaro in a research note on Thursday, August 3rd. Northland Securities reissued a “buy” rating and issued a $12.75 price objective on shares of Oclaro in a research note on Friday, September 15th. Zacks Investment Research cut shares of Oclaro from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Needham & Company LLC cut shares of Oclaro from a “strong-buy” rating to a “buy” rating and lowered their price objective for the company from $14.00 to $9.00 in a research note on Thursday, November 2nd. Finally, ValuEngine cut shares of Oclaro from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $12.67.
Oclaro (NASDAQ OCLR) traded up $0.29 during trading hours on Wednesday, reaching $7.15. 10,209,582 shares of the company’s stock were exchanged, compared to its average volume of 8,689,678. The stock has a market cap of $1,210.00, a price-to-earnings ratio of 8.32, a price-to-earnings-growth ratio of 0.95 and a beta of 1.41. Oclaro has a 52 week low of $5.86 and a 52 week high of $11.30.
Oclaro (NASDAQ:OCLR) last announced its quarterly earnings data on Wednesday, November 1st. The semiconductor company reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.02. The business had revenue of $155.60 million for the quarter, compared to analyst estimates of $154.51 million. Oclaro had a net margin of 24.31% and a return on equity of 28.11%. The company’s revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.14 EPS. equities analysts anticipate that Oclaro will post 0.51 EPS for the current year.
In other news, CAO Michael H. Fernicola sold 7,016 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $6.21, for a total transaction of $43,569.36. Following the transaction, the chief accounting officer now directly owns 81,378 shares in the company, valued at approximately $505,357.38. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Lisa Paul sold 12,182 shares of the stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $8.45, for a total transaction of $102,937.90. Following the transaction, the executive vice president now owns 246,090 shares in the company, valued at $2,079,460.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 59,198 shares of company stock worth $511,307. Insiders own 2.00% of the company’s stock.
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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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