July 21, 2018

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.

Notable Buzzers: Ares Capital Corporation (ARCC), America Movil SAB de CV (AMX)
America Movil, C.V. (NYSE:AMX) Wireless Communications shows a Dividend Yield of 1.88% with a Payout Ratio of 106.10%. For the next quarter the company has anticipated average revenues of $3.66B, according to the sentiments of 2 analysts.

United Airlines criticised over 'sexist' leggings ban
An internal policy for employees using the airline travel benefit, he said, specifically forbids leggings while travelling. He said that regular passengers could wear leggings or yoga trousers and they would not be denied when they boarded.

Will April the Giraffe to give birth to a calf in April?
Boy or girl, the calf is expected to weigh around 150 pounds (68 kilograms) and be about 6 feet (1.8 meters) tall at birth. The park at the center of the giraffe live birth viral sensation says that they still expect a delivery 'very soon'.

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.

Other News

Trending Now

Olivia Munn and Aaron Rodgers
Jordon went on to win the season, and although his family members were featured on the show, Aaron was conspicuous by his absence. A family feud may have been the deciding factor in the ending of Aaron Rodgers and Olivia Munn's relationship.

Investors Checklist Stock: Exxon Mobil Corporation's (XOM)
Currently, the stock carries a price to earnings ratio of 29.66, a price to book ratio of 1.3, and a price to sales ratio of 1.08. Zacks Investment Research upgraded shares of Exxon Mobil from a "sell" rating to a "hold" rating in a report on Tuesday.

Iraqi Special Forces Battle to Mosul Mosque, 17 Killed in Baghdad
Iraqi forces are fighting IS in western Mosul, where some 2,000 IS fighters are launching fierce counterattacks. More than 200,000 civilians have fled west Mosul since the operation to retake it was launched last month.

Illinois House approves new stopgap budget plan
Another $559 million would go to state universities, community colleges, and educational grants for low-income students. If passed, House Bill 109 would allocate an additional $258 million to various human service agencies across IL .

North Korea vows to defend itself against 'reckless United States moves for war'
They also discussed a joint response to the North's ballistic missile launch earlier this month. On Tuesday, US President Donald Trump turned to Twitter over North Korea.

Rexahn Pharmaceuticals, Inc. (RNN) has Current Market Capitalizaion of $145.95 Million
Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. The stock has gained consensus mean rating of Overweight based on the analysis of brokerage analyst firms polled.

Cyclone Debbie Aftermath Terrorizes Australia With Washed-Up Sharks, Crocs
The wild weather has made the clean-up hard as crews battle horrendous conditions to reach isolated communities and restore power. Roofs have been blown off buildings, boats were washed on the shoreline and tree debris littered the beaches.

Man Charged With Arson in Atlanta Highway Fire
Officials say it will take "several months" to fix the 700-feet of the roadway overpass that fell after the major fire started. Crews work on a section of an overpass that collapsed from a large fire on Interstate 85 in Atlanta , Friday, March 31, 2017.

From Mar-a-Lago, Xi sets course for China-US relations
Xi after a round of discussions in Florida. "I believe we will keep developing in a stable way to form friendly relations". In response, Xi said the two sides "arrived at many common understandings", including the need to deepen friendship.

UCLA Notes: More accolades for departing Lonzo Ball
It was the second time this year that the Burins and Wildcats met, and UCLA took home the victory back in early December 97-92. Fox was the best player on the floor, sinking medium-range jump shots, getting into the lane at will and scoring 15 points.