Oclaro (OCLR) Getting Somewhat Favorable Media Coverage, Analysis Finds

Headlines about Oclaro (NASDAQ:OCLR) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, 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 news coverage about the semiconductor company an impact score of 44.5219853517789 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Several equities analysts have commented on the stock. Needham & Company LLC downgraded shares of Oclaro from a “strong-buy” rating to a “buy” rating and lowered their target price for the stock from $14.00 to $9.00 in a research report on Thursday, November 2nd. Zacks Investment Research raised shares of Oclaro from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Craig Hallum downgraded shares of Oclaro from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Stifel Nicolaus reissued a “buy” rating and set a $12.00 target price on shares of Oclaro in a research report on Friday, October 6th. Finally, DA Davidson reissued a “buy” rating and set a $11.00 target price on shares of Oclaro in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $12.67.

Shares of Oclaro (OCLR) opened at $6.96 on Tuesday. Oclaro has a fifty-two week low of $5.86 and a fifty-two week high of $11.30. The stock has a market cap of $1,170.00, a PE ratio of 7.82, a price-to-earnings-growth ratio of 1.02 and a beta of 1.30.

Oclaro (NASDAQ:OCLR) last released its quarterly earnings results on Wednesday, November 1st. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.02. Oclaro had a net margin of 24.31% and a return on equity of 28.11%. The company had revenue of $155.60 million during the quarter, compared to analysts’ expectations of $154.51 million. During the same period in the prior year, the company earned $0.14 earnings per share. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. equities analysts forecast that Oclaro will post 0.51 EPS for the current fiscal year.

In related news, insider Thomas Gordon Beck Mason sold 39,255 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $7.22, for a total value of $283,421.10. Following the completion of the sale, the insider now owns 171,226 shares in the company, valued at $1,236,251.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Lisa Paul sold 5,000 shares of the stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $7.45, for a total transaction of $37,250.00. Following the completion of the sale, the executive vice president now owns 232,950 shares of the company’s stock, valued at approximately $1,735,477.50. The disclosure for this sale can be found here. Insiders have sold 51,271 shares of company stock valued at $364,240 over the last 90 days. Corporate insiders own 2.00% of the company’s stock.

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About Oclaro

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.

Insider Buying and Selling by Quarter for Oclaro (NASDAQ:OCLR)

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