The share price of Oclaro, Inc. The semiconductor company reported $0.22 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.18 by $0.04. Nuveen Asset Management LLC bought a new position in shares of Oclaro during the first quarter worth about $600,000. Moreover, Lyon Street Capital Ltd Liability Com has 1.4% invested in Oclaro, Inc. Russell Investments Group Ltd. purchased a new position in Oclaro during the fourth quarter valued at $2,156,000. Finally, AQR Capital Management LLC raised its position in Oclaro by 50.8% in the fourth quarter. Voce Capital Management LLC now owns 364,455 shares of the semiconductor company's stock worth $3,579,000 after buying an additional 154,998 shares in the last quarter. The brokerage set a "buy" rating and a $14.00 price target on the semiconductor company's stock.
Valuation Ratios of Oclaro, Inc.
Oclaro Inc (NASDAQ:OCLR) opened its previous trading session at $9.52 later Declining -1.16% to close its trade at a share price of $9.34. 5,726,356 shares of the company's stock traded hands. The stock has a market cap of $1.55 billion, a PE ratio of 16.89 and a beta of 1.54. The stock's 50-day moving average is $9.37 and its 200 day moving average is $9.20. Oclaro has a 12 month low of $4.58 and a 12 month high of $11.30.
Oclaro (NASDAQ:OCLR) last announced its quarterly earnings results on Tuesday, May 2nd. NY now owns 73,515 shares of the semiconductor company's stock worth $722,000 after buying an additional 2,453 shares in the last quarter. Over the short term, some market observers may have noticed that Oclaro, Inc. has a 28.05% short float with 15 days to cover. The business had revenue of $162.18 million during the quarter, compared to analysts' expectations of $160.06 million. During the same quarter a year ago, the business posted $0.03 earnings per share. Breaking that down further, it has performed -6.69% for the week, -0.21% for the month, -4.89% over the last quarter, 2.19% for the past half-year and 91.39% for this previous year.
ILLEGAL ACTIVITY WARNING: This news story was first published by BBNS and is the property of of BBNS. If you are viewing this report on another website, it was illegally copied and republished in violation of USA and worldwide copyright & trademark laws. One equities research analyst has rated the stock with a sell rating, ten have given a buy rating and two have given a strong buy rating to the stock. Rosenblatt Securities initiated coverage on shares of Oclaro in a report on Wednesday, May 17th. Finally, Needham & Company LLC restated a "strong-buy" rating and set a $14.00 price objective on shares of Oclaro in a report on Wednesday, March 15th. Zacks Investment Research upgraded shares of Oclaro from a "hold" rating to a "buy" rating and set a $11.00 price target on the stock in a research report on Wednesday, April 5th.
Among 23 analysts covering Imperva (NYSE:IMPV), 14 have Buy rating, 1 Sell and 8 Hold. The stock has "Buy" rating by Craig Hallum on Thursday, December 3.
In other news, CEO Greg Dougherty sold 40,000 shares of the firm's stock in a transaction that occurred on Friday, May 12th.
Currently Oclaro Inc (NASDAQ:OCLR)'s shares owned by insiders are 1.9%, whereas shares owned by institutional owners are 71.6%. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
In other news, EVP David Teichmann sold 41,612 shares of Oclaro stock in a transaction that occurred on Thursday, May 11th.
During the trading day, the stock price fluctuated between $9.33 and $9.52. Following the completion of the transaction, the chief executive officer now owns 1,220,619 shares of the company's stock, valued at approximately $10,985,571. The disclosure for this sale can be found here. Recently shares have been suggested as BUY from 11 and 0 issued SELL signal for the company's stock. However the six-month change in the insider ownership was recorded -15.95%, as well as three-month change in the institutional ownership was recorded 4.47%.
Oclaro, Inc is a provider of optical components, modules and subsystems for the core optical transport, service provider, enterprise and data center markets.