Oclaro (OCLR) Earns News Sentiment Rating of 0.08

Media stories about Oclaro (NASDAQ:OCLR) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern scores the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Oclaro earned a news impact score of 0.08 on Accern’s scale. Accern also gave media headlines about the semiconductor company an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the next several days.

These are some of the media headlines that may have effected Accern Sentiment’s scoring:

Oclaro (OCLR) traded up 0.73% during midday trading on Wednesday, reaching $9.68. The company’s stock had a trading volume of 2,549,295 shares. Oclaro has a 1-year low of $4.68 and a 1-year high of $11.30. The company has a 50 day moving average of $9.37 and a 200-day moving average of $9.20. The company has a market capitalization of $1.62 billion, a P/E ratio of 17.60 and a beta of 1.54.

Oclaro (NASDAQ:OCLR) last issued its earnings results on Tuesday, May 2nd. The semiconductor company reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.04. Oclaro had a return on equity of 28.78% and a net margin of 14.51%. The company had revenue of $162.18 million during the quarter, compared to the consensus estimate of $160.06 million. During the same quarter in the prior year, the business earned $0.03 earnings per share. Equities research analysts anticipate that Oclaro will post $0.76 earnings per share for the current fiscal year.

A number of research firms have recently weighed in on OCLR. Stifel Nicolaus reiterated a “buy” rating and set a $12.00 price target (up from $10.00) on shares of Oclaro in a report on Monday. ValuEngine cut Oclaro from a “strong-buy” rating to a “buy” rating in a report on Saturday. Northland Securities reiterated a “buy” rating and set a $12.00 price target on shares of Oclaro in a report on Friday, June 23rd. DA Davidson began coverage on Oclaro in a report on Thursday, June 22nd. They set a “buy” rating and a $14.00 price target for the company. Finally, Needham & Company LLC reiterated a “strong-buy” rating and set a $14.00 price target on shares of Oclaro in a report on Monday, June 12th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Oclaro presently has an average rating of “Buy” and an average price target of $12.07.

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In related news, EVP Lisa Paul sold 5,000 shares of the stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $9.17, for a total value of $45,850.00. Following the completion of the transaction, the executive vice president now owns 183,460 shares of the company’s stock, valued at $1,682,328.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Greg Dougherty sold 40,000 shares of the stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $9.00, for a total value of $360,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,220,619 shares of the company’s stock, valued at approximately $10,985,571. The disclosure for this sale can be found here. Insiders sold 124,031 shares of company stock valued at $1,114,852 in the last ninety days. Company insiders own 2.30% of the company’s stock.

Oclaro Company Profile

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.

Insider Buying and Selling by Quarter for Oclaro (NASDAQ:OCLR)

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