Stocks Under Profitability Radar: Oclaro, Inc. (NASDAQ:OCLR)

19 March, 2017, 11:04 | Author: Eloise Marshall

MKM Partners reaffirmed a "buy" rating on shares of Oclaro in a research note on Thursday, December 22nd. The highest price target outlook for the stock is $17 and the minimum price target estimate is $12. The company rocked its 52-Week High of $11.3 on Feb 21, 2017 and touched its 52-Week Low of $4.06 on Mar 16, 2016.

Oclaro, Inc. (NASDAQ:OCLR) right now sits at consensus rating of 1.80 while 6 analysts have advocated the shares as "BUY", 3 calls it an "OUTPERFORM" and 1 suggest "HOLD".

According to FactSet data, OCLR stock has received different ratings from Financial Analysts.

The share price of the company (NASDAQ:OCLR) was down -1.64%, with a high of 8.76 during the day and the volume of Oclaro, Inc. shares traded was 10206713.

During last one month it showed the change of -15.55%. (OCLR)'s latest closing price distance was 17.10% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at -1.28% and -2.25% compared with the 20 Day Moving Average. The company has a market cap of $1.57B. (NASDAQ:OCLR) is at 51.31. According to the Analysts, the Low Earnings estimate for the current quarter is $0.17, while the High earnings estimate is $0.21.Comparatively, EPS for the same quarter a year ago was $0.07. Presently, it has a Return on Equity (ROE) of 15.90% and Return on Investment (ROI) of 11.90%. The high and low revenue estimates for the current quarter are $180 Million and $163.3 Million, respectively.

For the next year first quarter, analysts predicted EPS estimates trend of $0.22 which would leave an impact on the stock performance in coming months. The Company's year to date (YTD) performance is now negative at -9.50%.

Maximum and minimum EPS estimate for the current quarter is projected at $0.21 and $0.17, respectively, according to 9 analysts.

In related news, COO James Douglas Haynes sold 20,000 shares of Oclaro stock in a transaction that occurred on Thursday, February 16th. Earnings per share serves as an indicator of a company's profitability. Also, insider Michael H. Fernicola sold 4,563 shares of Oclaro stock in a transaction that occurred on Tuesday, February 14th.

Investors expected a price target of 0.23 for this quarter. Following the completion of the transaction, the chief operating officer now directly owns 309,277 shares in the company, valued at approximately $3,303,078.36. The disclosure for this sale can be found here. For stocks' current month, 9 analysts opted for BUY ratings. Metropolitan Life Insurance Co.

Oclaro, Inc.is a provider of optical components, modules and subsystems for the core optical transport, service provider, enterprise and data center markets. NY now owns 71,062 shares of the company's stock worth $636,000 after buying an additional 2,984 shares in the last quarter.

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. Needham & Company LLC reaffirmed a "strong-buy" rating and set a $14.00 price objective on shares of Oclaro in a research report on Friday, January 6th. FNY Managed Accounts LLC bought a new position in shares of Oclaro during the third quarter valued at $122,000. Drexel Hamilton Initiates Coverage on Oclaro, Inc. Institutional investors and hedge funds own 63.47% of the company's stock. The Relative Volume value measured for Oclaro, Inc. 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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