Oclaro, Inc. (NASDAQ:OCLR) traded with the volume of 9.02 Million in the previous trading session. The Stock opened its session at $10.65 and closed at $10.8 by showing decrease of -0.64 percent. Oclaro, Inc. has 1 year price target of $14.28. The stock gained a consensus recommendation of 1.2 on Zacks Investment Research where the scale runs from 1 to 5, 1 representing Strong buy and 5 showing Strong Sell. The company reported its last quarter on Dec 16.
On Dec 16 Oclaro, Inc. (NASDAQ:OCLR) reported its EPS in the last quarter as $0.21/Share beating the analyst estimate of $0.18/Share by the difference of $0.03. This showed the surprise of 16.7% in the last quarter earnings. For the Current Quarter, 9 analysts are projecting the mean EPS to be $0.21/share. According to their observations and findings, the stock could provide a high EPS of $0.23/share and a Low EPS of $0.19/share.
The 9 analysts offering 12-month price forecasts for Oclaro Inc have a median target of 14.00, with a high estimate of 17.00 and a low estimate of 12.00. The median estimate represents a +29.63% increase from the last price of 10.80. (CNN MONEY)
Many Analysts provided their foresight on Revenue Estimates of Oclaro, Inc. where they believe that the company has the potential to earn average revenue of $160.19 Million for the current quarter. According to their predictions High & Low revenue estimates are 163.69 Million and 156.22 Million respectively.
Oclaro, Inc. (NASDAQ:OCLR) topped its 52-week high price of $10.96 on Feb 14, 2017 and 52-Week Low Price of $3.86 on Mar 8, 2016. The Stock currently has the market capitalization of $1.79 Billion, P/E (price to earnings ttm) of 35.76 and Weekly volatility of 5.22% and monthly volatility of 5.18% respectively.
Oclaro, Inc. Gross Margin percentage stands at 33.8% while its Operating Margin for trailing twelve month is 12.9 percent and Profit margin (ttm) is 8.8 Percent. The stock is currently moving above its 20-Day Simple Moving Average of 18.74% with the 50-Day Simple Moving Average of 18.74 percent. Currently, the company has SMA200 (200-day simple moving average) of 46.42 Percent. The Stock has YTD (year to date) performance of 20.67 percent.
Many research firms have provided their ratings on Oclaro, Inc. (NASDAQ:OCLR) where Jefferies provided Buy rating on the stock on 3-Oct-16. Other firms include Needham giving Strong Buy rating on 25-Jul-16.
In the past 6 months, 6 Insider purchases and 0 Insider Sales were made in which 195000 shares were traded as Insider purchases.
The latest Insider trade was made on 12 Dec 2016 where Mason Thomas (Gorden Beck) Officer did a transaction type “Sell” in which 7566 shares were traded at a price of $8.35. Another insider trade includes Officer Fernicola (Michael H) who also initiated a transaction in which 43709 shares were traded on 5 Dec 2016 as “Sell”.
Oclaro, with headquarters in San Jose, California, is a tier 1 provider of high performance optical components, modules and subsystems to the telecommunications market, and is one of the largest providers to metro and long haul network applications. Oclaro, the result of the combination of Bookham, Inc. and Avanex Corporation, leverages proprietary core technologies and vertically integrated product development to provide its customers with cost-effective and innovative optical devices, modules and subsystems. Its photonic technologies also serve selected potential high growth markets, including industrial, defense, life sciences, semiconductor, and scientific, with diversification providing both significant potential revenue streams and strategic technological advantage. Oclaro is a global company, with leading chip fabrication facilities in the UK, Switzerland and Italy, and manufacturing sites in the US, Thailand and China.