Oclaro Inc. (NASDAQ:OCLR) is set to announce its Q117 earnings results on Tuesday, November 1st. Analysts expect the company to announce earnings of $0.10 per share and revenue of $131.65 million for the quarter.
Oclaro Inc. (NASDAQ:OCLR) opened at 7.33 on Monday. Oclaro Inc. has a 52-week low of $2.91 and a 52-week high of $9.34. The stock’s 50 day moving average is $8.49 and its 200-day moving average is $6.33. The company has a market cap of $1.08 billion, a PE ratio of 93.97 and a beta of 1.82.
In related news, EVP Lisa Paul sold 9,363 shares of the business’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $7.69, for a total transaction of $72,001.47. Following the sale, the executive vice president now owns 218,264 shares of the company’s stock, valued at $1,678,450.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.30% of the company’s stock.
A number of large investors have recently bought and sold shares of the company. Highbridge Capital Management LLC acquired a new stake in Oclaro during the second quarter valued at approximately $307,000. AQR Capital Management LLC raised its stake in Oclaro by 2.0% in the second quarter. AQR Capital Management LLC now owns 65,838 shares of the company’s stock valued at $321,000 after buying an additional 1,285 shares during the last quarter. A.R.T. Advisors LLC raised its stake in Oclaro by 597.3% in the second quarter. A.R.T. Advisors LLC now owns 791,589 shares of the company’s stock valued at $3,862,000 after buying an additional 678,074 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in Oclaro during the second quarter valued at approximately $122,000. Finally, Menta Capital LLC raised its stake in Oclaro by 1.8% in the second quarter. Menta Capital LLC now owns 86,223 shares of the company’s stock valued at $421,000 after buying an additional 1,500 shares during the last quarter. 63.09% of the stock is currently owned by institutional investors and hedge funds.
OCLR has been the topic of a number of analyst reports. Needham & Company LLC decreased their target price on shares of Oclaro from $10.00 to $8.00 and set a “strong-buy” rating on the stock in a research report on Tuesday, August 30th. Zacks Investment Research upgraded shares of Oclaro from a “hold” rating to a “buy” rating and set a $9.50 target price on the stock in a research report on Wednesday, October 12th. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $6.75 target price on shares of Oclaro in a research report on Monday, August 1st. Jefferies Group started coverage on shares of Oclaro in a research report on Monday, October 3rd. They issued a “buy” rating and a $11.25 price objective on the stock. Finally, MKM Partners restated a “buy” rating and issued a $10.00 price objective on shares of Oclaro in a research report on Friday, October 21st. One research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $8.86.
Oclaro Company Profile