Press coverage about Oclaro (NASDAQ:OCLR) has been trending somewhat positive recently, according to Accern. The research group rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Oclaro earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned news coverage about the semiconductor company an impact score of 47.0576490901268 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- Greg Dougherty Sells 80,000 Shares of Oclaro Inc (OCLR) Stock (americanbankingnews.com)
- MKM Partners Raises Oclaro (OCLR) Price Target to $0.00 (americanbankingnews.com)
- SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Regarding Whether the Sale of Oclaro, Inc. to Lumentum Holdings Inc. is Fair to Shareholders (finance.yahoo.com)
- OCLARO, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation of Buyout (finance.yahoo.com)
- How Did Oclaro Inc’s (NASDAQ:OCLR) 24.63% ROE Fare Against The Industry? (finance.yahoo.com)
Shares of Oclaro (OCLR) traded up $0.12 on Wednesday, hitting $10.16. 16,725,281 shares of the stock were exchanged, compared to its average volume of 7,860,000. Oclaro has a 52-week low of $5.61 and a 52-week high of $10.93. The company has a market cap of $1,720.00, a price-to-earnings ratio of 12.39, a price-to-earnings-growth ratio of 1.76 and a beta of 0.91.
Oclaro (NASDAQ:OCLR) last issued its earnings results on Monday, February 5th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. Oclaro had a net margin of 23.00% and a return on equity of 23.17%. The firm had revenue of $139.30 million for the quarter, compared to the consensus estimate of $138.83 million. During the same quarter in the prior year, the firm posted $0.21 earnings per share. The business’s revenue was down 9.5% on a year-over-year basis. analysts expect that Oclaro will post 0.44 earnings per share for the current year.
Several brokerages have recently issued reports on OCLR. Raymond James Financial downgraded shares of Oclaro from a “buy” rating to a “hold” rating in a report on Wednesday. MKM Partners upped their price target on shares of Oclaro and gave the stock a “buy” rating in a report on Wednesday. UBS Group upgraded shares of Oclaro from a “sell” rating to a “neutral” rating and set a $10.00 price target for the company in a report on Wednesday. B. Riley reiterated a “neutral” rating and set a $10.00 price target on shares of Oclaro in a report on Tuesday. Finally, Stifel Nicolaus downgraded Oclaro from a “buy” rating to a “hold” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $10.43.
In other news, CEO Greg Dougherty sold 80,000 shares of the firm’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $9.79, for a total value of $783,200.00. Following the sale, the chief executive officer now directly owns 1,312,157 shares in the company, valued at approximately $12,846,017.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David Teichmann sold 24,962 shares of Oclaro stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $6.41, for a total transaction of $160,006.42. Following the completion of the sale, the executive vice president now owns 349,305 shares of the company’s stock, valued at $2,239,045.05. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 119,436 shares of company stock valued at $1,075,196. 2.00% of the stock is owned by company insiders.
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Oclaro, Inc is a provider of optical components, modules and subsystems for the core optical transport, service provider, enterprise and data center markets. The Company provides various solutions for optical networks and interconnects driving the next wave of streaming video, cloud computing, application virtualization and other bandwidth-intensive and high-speed applications.
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