Oclaro (OCLR) Receiving Somewhat Positive Media Coverage, Accern Reports
Media coverage about Oclaro (NASDAQ:OCLR) has trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Oclaro earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave media coverage about the semiconductor company an impact score of 45.8138442639501 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news headlines that may have effected Accern’s scoring:
- Better Buy: Infinera Corp. vs. Oclaro Inc. (fool.com)
- Stocks On Trader’s Radar-: Oclaro, Inc. (NASDAQ:OCLR), ZTO Express (Cayman) Inc. (NYSE:ZTO), Innoviva, Inc … – The Stock Street (press release) (thestreetpoint.com)
- Michael H. Fernicola Sells 7,016 Shares of Oclaro, Inc. (OCLR) Stock (americanbankingnews.com)
- Oclaro, Inc. (OCLR) Short Interest Down 4.6% in October (americanbankingnews.com)
Shares of Oclaro (OCLR) traded up $0.22 during mid-day trading on Friday, hitting $6.58. The stock had a trading volume of 6,650,000 shares, compared to its average volume of 5,990,000. Oclaro has a one year low of $5.86 and a one year high of $11.30. The firm has a market cap of $1,110.00, a PE ratio of 8.15, a PEG ratio of 0.93 and a beta of 1.41.
Oclaro (NASDAQ:OCLR) last issued its earnings results on Wednesday, November 1st. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.02. The business had revenue of $155.60 million for the quarter, compared to analysts’ expectations of $154.51 million. Oclaro had a return on equity of 28.11% and a net margin of 24.31%. The company’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 EPS. equities research analysts predict that Oclaro will post 0.51 EPS for the current fiscal year.
OCLR has been the subject of a number of recent research reports. Jefferies Group LLC reiterated a “buy” rating and issued a $12.50 target price (up previously from $12.00) on shares of Oclaro in a research note on Thursday, August 3rd. Piper Jaffray Companies reaffirmed a “buy” rating and set a $12.00 target price on shares of Oclaro in a report on Thursday, August 3rd. B. Riley reaffirmed a “buy” rating and set a $11.75 target price on shares of Oclaro in a report on Thursday, August 3rd. MKM Partners reaffirmed a “buy” rating and set a $12.00 target price (up previously from $10.50) on shares of Oclaro in a report on Wednesday, July 26th. Finally, Northland Securities reaffirmed a “buy” rating and set a $12.75 target price on shares of Oclaro in a report on Friday, September 15th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Oclaro presently has a consensus rating of “Buy” and a consensus target price of $12.67.
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In related news, CAO Michael H. Fernicola sold 7,016 shares of Oclaro stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $6.21, for a total value of $43,569.36. Following the transaction, the chief accounting officer now directly owns 81,378 shares in the company, valued at approximately $505,357.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Lisa Paul sold 12,182 shares of Oclaro stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $8.45, for a total value of $102,937.90. Following the completion of the transaction, the executive vice president now owns 246,090 shares in the company, valued at $2,079,460.50. The disclosure for this sale can be found here. Insiders sold a total of 59,198 shares of company stock worth $511,307 over the last 90 days. Insiders own 2.00% of the company’s stock.
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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