Oclaro, Inc. (NASDAQ:OCLR) registered a 1.34% increase, still its new closing price is 189.38% up from the company’s 1 year high of 10.35.It posted -1.80% losses in previous 5 sessions and is now the subject of 1 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 4 buy or better ratings. The 10 stock analysts following this company have an average price target at $13.08, with individual PT in the $11.00-$15.50 range. The shares moved at $9.81, implying that brokerage firms see shares gaining about 177.90% in twelve months time.
Oclaro, Inc. (OCLR) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 9.61% rise year to date. A President, IPB at Oclaro, Inc. (OCLR) offloaded shares in a transaction closed on Tuesday December 13, 2016. Mason Thomas Gordon Beck sold 7,566 shares in the company at $8.35 each and collected $63,000 in proceeds. Mason Thomas Gordon Beck now owns 253,338 shares in the company after this transaction. A Principal Accounting Officer in the company, Fernicola Michael H, disclosed a transaction on Tuesday December 06, 2016 that ended up generating $359,001 from the sale of 43,709 shares at $8.23 per share.
Oclaro, Inc. (NASDAQ:OCLR) Upcoming Results on Tap
Oclaro, Inc. will next provide financial results for the September 2017 quarter. Stock analysts expect it to report per-share earnings of $0.17 in that period. Sales during the quarter are predicted to arrive at $166.67 million.
Earnings surprise history: Last quarter, the company posted approximately $135.49 million in revenue and EPS of $0.14. The mean forecast was for $131.7 million and $0.10 a share, respectively. One quarter earlier, revenue for the stock was at $125.18 million, with earnings at $0.11/share.
Oclaro, Inc. (OCLR) Brokerage Update
Oclaro, Inc. (OCLR) is in Needham’s research list so their analyst rating change is noteworthy. These shares were upgraded to Strong Buy from Buy by Needham, according to news reported on Monday July 25, 2016.Another important research note was issued by Stifel on Thursday October 22, 2015.The firm upgraded OCLR to Buy from Hold. Over the last six months and over the last three months, the shares of Oclaro, Inc. (OCLR), have changed 70.02% and 33.83%, respectively.