Media coverage about Oclaro (NASDAQ:OCLR) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Oclaro earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned headlines about the semiconductor company an impact score of 44.2821107923677 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Oclaro from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Needham & Company LLC cut shares of Oclaro from a “buy” rating to a “hold” rating in a research note on Monday, December 18th. ValuEngine upgraded shares of Oclaro from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Cowen reiterated a “buy” rating on shares of Oclaro in a research note on Friday, November 3rd. Finally, Craig Hallum cut shares of Oclaro from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $12.67.
Oclaro (NASDAQ:OCLR) opened at $6.77 on Friday. The stock has a market cap of $1,150.00, a PE ratio of 7.61, a price-to-earnings-growth ratio of 0.98 and a beta of 1.30. Oclaro has a 52-week low of $5.86 and a 52-week high of $11.30.
Oclaro (NASDAQ:OCLR) last announced its earnings results on Wednesday, November 1st. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. The company had revenue of $155.60 million during the quarter, compared to analysts’ expectations of $154.51 million. Oclaro had a net margin of 24.31% and a return on equity of 28.11%. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.14 earnings per share. research analysts forecast that Oclaro will post 0.51 earnings per share for the current fiscal year.
In other news, EVP Lisa Paul sold 5,000 shares of Oclaro 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 directly owns 232,950 shares in the company, valued at $1,735,477.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Thomas Gordon Beck Mason sold 39,255 shares of Oclaro stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $7.22, for a total transaction of $283,421.10. Following the sale, the insider now owns 171,226 shares of the company’s stock, valued at $1,236,251.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 51,271 shares of company stock valued at $364,240. Insiders own 2.00% of the company’s stock.
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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.
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