Oclaro Inc (OCLR) EVP Sells $37,250.00 in Stock

Oclaro Inc (NASDAQ:OCLR) 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 transaction, the executive vice president now directly owns 232,950 shares in the company, valued at $1,735,477.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of Oclaro Inc (OCLR) traded up $0.08 during trading hours on Friday, reaching $7.24. 5,305,022 shares of the company traded hands, compared to its average volume of 8,465,129. The company has a market cap of $1,220.00, a P/E ratio of 9.62, a price-to-earnings-growth ratio of 1.10 and a beta of 1.31. Oclaro Inc has a fifty-two week low of $5.86 and a fifty-two week high of $11.30.

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

Several research firms have weighed in on OCLR. Northland Securities reissued a “buy” rating and issued a $12.75 price target on shares of Oclaro in a report on Friday, September 15th. Needham & Company LLC lowered shares of Oclaro from a “strong-buy” rating to a “buy” rating and decreased their target price for the stock from $14.00 to $9.00 in a research report on Thursday, November 2nd. ValuEngine lowered shares of Oclaro from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Zacks Investment Research upgraded shares of Oclaro from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, Stifel Nicolaus restated a “buy” rating and set a $12.00 target price on shares of Oclaro in a research report on Friday, October 6th. Two analysts have rated the stock with a sell rating, one has given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $12.67.

Several hedge funds have recently added to or reduced their stakes in the company. Alps Advisors Inc. raised its stake in shares of Oclaro by 0.3% during the second quarter. Alps Advisors Inc. now owns 59,118 shares of the semiconductor company’s stock valued at $552,000 after acquiring an additional 153 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Oclaro by 1.2% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 44,633 shares of the semiconductor company’s stock valued at $417,000 after acquiring an additional 550 shares during the last quarter. Dana Investment Advisors Inc. raised its stake in shares of Oclaro by 0.5% during the second quarter. Dana Investment Advisors Inc. now owns 247,463 shares of the semiconductor company’s stock valued at $2,311,000 after acquiring an additional 1,327 shares during the last quarter. Greenwood Capital Associates LLC raised its stake in shares of Oclaro by 3.4% during the second quarter. Greenwood Capital Associates LLC now owns 45,494 shares of the semiconductor company’s stock valued at $425,000 after acquiring an additional 1,483 shares during the last quarter. Finally, Aperio Group LLC raised its stake in shares of Oclaro by 9.3% during the second quarter. Aperio Group LLC now owns 22,646 shares of the semiconductor company’s stock valued at $212,000 after acquiring an additional 1,936 shares during the last quarter. 70.66% of the stock is owned by hedge funds and other institutional investors.

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Oclaro Company Profile

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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