Zacks Investment Research Lowers Oclaro, Inc. (NASDAQ:OCLR) to Sell

Oclaro Inc

Want to see what other hedge funds are holding OCLR? Legato Capital Management LLC purchased a new stake in shares of Oclaro during the second quarter worth about $417,000. Ameriprise Financial Inc. increased its position in Oclaro by 77.5% in the first quarter. Wellington Management Group LLP now owns 9,737,747 shares of the semiconductor company's stock valued at $95,624,000 after buying an additional 2,278,171 shares during the last quarter. The value of the company's investment in Oclaro, Inc. went from $3,304,000 to $2,987,000 a change of 9.6% quarter over quarter. Eqis Capital Management Inc. purchased a new position in shares of Oclaro during the first quarter worth approximately $231,000. Janney Montgomery Scott LLC bought a new position in Oclaro during the first quarter worth $395,000. Corporate insiders own 2.30% of the company's stock. Stock's twelve month price oscillated between $11.30 and $6.11. The stock decreased 4.26% or $0.37 during the last trading session, reaching $8.32.

The P/E ratio is now 10.81 and market cap is 1.39B. It is trading at $8.32 which is well below $9.60, the stock's 50 day moving average and which is significantly below the 200 day moving average of $9.36.

Oclaro (NASDAQ:OCLR) last posted its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.19 EPS for the quarter, topping the Zacks' consensus estimate of $0.16 by $0.03.

ROI deals with the invested cash in the company and the return the investor realize on that money based on the net profit of the business. During the same quarter in the previous year, the firm posted $0.11 earnings per share. The company's revenue was up 19.3% compared to the same quarter past year.

The P/E ratio of 15.95 for Oclaro, Inc., OCLR, provides an insight into the measurement sticks, which compares the company's valuations. Citigroup Inc holds 267 shares. Robeco Institutional Asset Mngmt Bv accumulated 237,472 shares or 0.02% of the stock. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of USA and global trademark and copyright law. The legal version of this story can be viewed at https://weekherald.com/2017/08/12/zacks-investment-research-lowers-oclaro-inc-nasdaqoclr-to-sell.html.

A number of other equities research analysts have also recently commented on the company. Needham & Company LLC reiterated a "strong-buy" rating and set a $14.00 price target on shares of Oclaro in a research report on Thursday, August 3rd. Finally, Stifel Nicolaus cut their target price on Oclaro from $11.00 to $10.00 and set a "buy" rating on the stock in a research report on Wednesday, May 3rd. Marvin & Palmer Associates Inc owns 732,400 shares or 5.59% of their U.S. portfolio. Cowen and Company reissued an "outperform" rating and issued a $14.00 target price (up from $13.00) on shares of Oclaro in a research report on Thursday, August 3rd. Where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock's price movement.

In other news, EVP Lisa Paul sold 5,000 shares of the firm's stock in a transaction dated Thursday, June 1st. It increased, as 0 investors sold Blackrock New York Municipal 2018 Term T shares while 1 reduced holdings. Following the completion of the transaction, the executive vice president now owns 183,460 shares of the company's stock, valued at $1,682,328.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

In other Oclaro news, insider Thomas Gordon Beck Mason sold 32,352 shares of Oclaro stock in a transaction on Tuesday, May 16th. The average volume stands around 9.34 million shares. Outstanding shares denotes a company's stock now held by all its shareholders, comprising share blocks apprehended by institutional investors and limited shares owned by the officers and insiders of the organization. The disclosure for this sale can be found here. Insiders have sold a total of 82,419 shares of company stock valued at $745,338 over the last quarter.

Related:

Comments


Other news