The Oclaro's (OCLR) Strong-Buy Rating Reaffirmed at Needham & Company LLC
12 April 2017, 05:00 | Austin Hogan
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". Oclaro, Inc. has a one year low of $4.25 and a one year high of $11.30.
Several brokerages recently issued reports on OCLR. The stock gained a consensus recommendation of 1.2 on Zacks Investment Research where the scale runs from 1 to 5, 1 representing Strong buy and 5 showing Strong Sell. Needham & Company LLC reaffirmed a strong-buy rating and set a $14.00 price objective on shares of Oclaro in a research report on Wednesday, February 1st. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. (NASDAQ: OCLR). At the time of writing, the First Call consensus price target for the company is $14.28.
Oclaro, Inc. (OCLR), a part of Technology sector and belongs to Semiconductor Equipment & Materials industry; ended its day with gain 0.44% and finalized at the price of $9.12. The Stock opened today's session at $2.91 and now the price is hovering at $2.95 by showing an increase of 2.43 percent. The company has a market cap of $1.55 billion.
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Over the past five trading sessions shares of The Western Union Company (NYSE: WU) are -1.77%; -0.41% for the month; -13.13% for the last quarter; -3.35% for the past six-months; and 1.72% for the last 12 months.The current price is staying below the SMA lines which signify weakens and is generally unhealthy/negative and may provide the momentum for driving the share price lower. The business earned $153.90 million during the quarter, compared to analysts' expectations of $150.53 million. Oclaro had a return on equity of 23.12% and a net margin of 8.83%.
An earnings forecast is an analyst's outlook for a company's future quarterly or annual earnings. (OCLR) reported its EPS in the last quarter as $0.21/Share beating the analyst estimate of $0.18/Share by the difference of $0.03.
10 number of analysts have estimated the sales of the company for the quarter ending May 1, 2017- May 5, 2017, analysts estimated mean sale target of 160.19 million while high and low sale targets are estimated at 163.69 million and 156.22 million respectively. "(OCLR) to Hold" was published by Community Financial News and is owned by of Community Financial News. If you are viewing this piece on another publication, it was stolen and republished in violation of the USA and global copyright law. The shares were sold at an average price of $10.02, for a total value of $45,721.26. Also, insider Thomas Gordon Beck Mason sold 62,563 shares of Oclaro stock in a transaction that occurred on Friday, March 17th. The stock was sold at an average price of $9.24, for a total value of $578,082.12. Following the transaction, the executive vice president now owns 207,474 shares in the company, valued at approximately $1,823,696.46. The disclosure for this sale can be found here. In the last three months, insiders have sold 87,126 shares of company stock valued at $837,403. The average numbers of shares are traded in a security per day, during the recent 3-month period. LLC raised its stake in shares of Oclaro by 135.1% in the third quarter. Oberweis Asset Management Inc. purchased a new position in Oclaro during the fourth quarter valued at about $119,000. Elk Creek Partners LLC acquired a new position in shares of Oclaro during the second quarter worth about $3,414,000. Finally, Morgan Stanley raised its position in shares of Oclaro by 476.8% in the third quarter. Oclaro, Inc. got Initiated on 3-Oct-16 where investment firm Jefferies Initiated the stock to Buy. Finally, Suntrust Banks Inc. bought a new position in shares of Oclaro during the third quarter worth approximately $129,000.
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