Oclaro Inc (OCLR): Stock to Follow

Victory Capital Management Inc. boosted its holdings in Oclaro, Inc.

National Planning Corp boosted its position in Oclaro, Inc. When we look at the Volatility of the company, Week Volatility is at 3.62% whereas Month Volatility is at 4.50%.

Oclaro, Inc. (NASDAQ:OCLR) now has a "Sell" signals on Composite indicators by TrendSpotter.

OCLR has been the subject of several analyst reports. Needham & Company LLC lowered shares of Oclaro from a "strong-buy" rating to a "buy" rating and reduced their target price for the stock from $14.00 to $9.00 in a research report on Thursday, November 2nd. DA Davidson restated a "buy" rating and set a $11.00 price target on shares of Oclaro in a research note on Thursday, November 2nd. Finally, Stifel Nicolaus reissued a "buy" rating and issued a $12.00 price objective on shares of Oclaro in a research report on Friday, October 6th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. While 20-Day Moving Average VS Current Price shows "Buy" Signal. The stock has been active on the tape, now trading at $7.09, up from yesterday's close by 1.14%. The stock exchanged hands 5.98 Million shares versus average trading capacity of 5.96 Million shares, yielding a market cap of $1.19 Billion. A low price-to-sales ratio, typically less than 1.0, is considered a good value. The stock is trading $7.64 its 50-day moving average by 0.55%. During the last 52 weeks, the (NASDAQ:OCLR) price has been as high as $11.3 and as low as $5.86. (NASDAQ:OCLR) opened at $7.01 on Monday.

Previously Oclaro Inc (NASDAQ:OCLR) reported $0.2 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.02. Schwab Charles Investment Management Inc. lifted its stake in Oclaro by 12.2% in the first quarter. During the same period in the prior year, the firm posted $0.03 EPS. Analysts are forecasting earnings of $0.13 on a per share basis this quarter.

In related news, insider Thomas Gordon Beck Mason sold 62,563 shares of the firm's stock in a transaction that occurred on Friday, March 17th. Vanguard Group Inc. now owns 8,326,122 shares of the semiconductor company's stock worth $77,766,000 after buying an additional 1,265,269 shares in the last quarter.

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A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. Also, CAO Michael H. Fernicola sold 7,016 shares of Oclaro stock in a transaction that occurred on Tuesday, November 14th. The most recent shifts in number of shares owned by institutions came on December 31, 1969 when sold 0 shares from its total ownership of 0. Following the sale, the chief accounting officer now directly owns 81,378 shares in the company, valued at approximately $505,357.38. The disclosure for this sale can be found here.

The consensus recommendation - averaging the work of 17 analysts - of 2.1 for Ally Financial Inc.

Next Century Growth Investors Llc decreased its stake in Oclaro Inc (OCLR) by 32.33% based on its latest 2017Q2 regulatory filing with the SEC. Metropolitan Life Insurance Co. Ameriprise Financial Inc. lifted its holdings in Oclaro by 3.8% during the 3rd quarter. This works out to a net increase in ownership of 408679 shares, and suggests that institutions are feeling bullish about the stock.

More news for Oclaro, Inc. State Street Corp lifted its holdings in Oclaro by 54.0% during the 2nd quarter. Swiss National Bank now owns 273,400 shares of the semiconductor company's stock valued at $2,685,000 after buying an additional 4,400 shares during the period. Hedge funds and other institutional investors own 70.66% of the company's stock.

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.

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