Media stories about Oclaro (NASDAQ:OCLR) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Oclaro earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned headlines about the semiconductor company an impact score of 44.8060143179318 out of 100, meaning that recent media 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 impacted Accern Sentiment’s scoring:
- Reviewing the Current Circumstance for JetBlue Airways Corporation (JBLU), Oclaro, Inc. (OCLR) – Market Movers (financialqz.com)
- Fascinating Stock:- Oclaro, Inc. (NASDAQ:OCLR) – The Stock Street (press release) (thestreetpoint.com)
- Oclaro, Inc. (NASDAQ: OCLR) – Notable Indicators to Study Before Making Any Investment Decision – Alpha Beta Stock (alphabetastock.com)
- Putting the Heat on Oclaro, Inc. (OCLR), Walgreens Boots Alliance, Inc. (WBA) – Market Movers (financialqz.com)
- Oclaro Inc (OCLR): Stock to Follow – ExpertGazette (expertgazette.com)
Shares of Oclaro (OCLR) opened at $6.87 on Thursday. Oclaro has a 12-month low of $5.86 and a 12-month high of $11.30. The firm has a market cap of $1,198.34, a price-to-earnings ratio of 9.10, a PEG ratio of 1.04 and a beta of 1.31.
Oclaro (NASDAQ:OCLR) last posted its quarterly earnings data on Wednesday, November 1st. The semiconductor company reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.02. Oclaro had a net margin of 24.31% and a return on equity of 28.11%. The company had revenue of $155.60 million during the quarter, compared to analysts’ expectations of $154.51 million. During the same period in the prior year, the company posted $0.14 earnings per share. Oclaro’s revenue for the quarter was up 14.8% compared to the same quarter last year. equities research analysts expect that Oclaro will post 0.51 EPS for the current fiscal year.
Several equities analysts have recently issued reports on OCLR shares. Raymond James Financial started coverage on shares of Oclaro in a research note on Thursday, September 14th. They set a “strong-buy” rating and a $12.00 price target for the company. Cowen reaffirmed a “buy” rating on shares of Oclaro in a research note on Friday, November 3rd. Needham & Company LLC downgraded shares of Oclaro from a “strong-buy” rating to a “buy” rating and dropped their price target for the company from $14.00 to $9.00 in a research note on Thursday, November 2nd. Northland Securities reaffirmed a “buy” rating and set a $12.75 price target on shares of Oclaro in a research note on Wednesday, November 1st. Finally, Zacks Investment Research downgraded shares of Oclaro from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $12.67.
In other Oclaro news, insider Thomas Gordon Beck Mason sold 39,255 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $7.22, for a total value of $283,421.10. Following the completion of the sale, the insider now directly owns 171,226 shares in the company, valued at $1,236,251.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Michael H. Fernicola sold 7,016 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $6.21, for a total transaction of $43,569.36. Following the completion of the sale, the chief accounting officer now owns 81,378 shares of the company’s stock, valued at $505,357.38. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.
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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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