Today’s Price Action: How Analysts Feel About Oclaro, Inc. After Today’s Huge Increase?

Today's Price Action: How Analysts Feel About Oclaro, Inc. After Today's Huge Increase?

The stock of Oclaro, Inc. (NASDAQ:OCLR) is a huge mover today! About 1.72M shares traded hands. Oclaro, Inc. (NASDAQ:OCLR) has risen 74.13% since February 29, 2016 and is uptrending. It has outperformed by 61.92% the S&P500.
The move comes after 9 months positive chart setup for the $1.39 billion company. It was reported on Oct, 3 by Barchart.com. We have $11.88 PT which if reached, will make NASDAQ:OCLR worth $528.20M more.

Analysts await Oclaro, Inc. (NASDAQ:OCLR) to report earnings on November, 1. They expect $0.09 EPS, up 400.00% or $0.12 from last year’s $-0.03 per share. OCLR’s profit will be $14.53M for 23.92 P/E if the $0.09 EPS becomes a reality. After $0.09 actual EPS reported by Oclaro, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Oclaro, Inc. (NASDAQ:OCLR) Ratings Coverage

Out of 8 analysts covering Oclaro Inc (NASDAQ:OCLR), 7 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 88% are positive. Oclaro Inc has been the topic of 14 analyst reports since August 18, 2015 according to StockzIntelligence Inc. The firm earned “Outperform” rating on Friday, December 18 by Barrington Research. Piper Jaffray initiated Oclaro, Inc. (NASDAQ:OCLR) on Tuesday, February 23 with “Overweight” rating. Stifel Nicolaus maintained the stock with “Buy” rating in Tuesday, September 6 report. Craig Hallum initiated Oclaro, Inc. (NASDAQ:OCLR) on Thursday, December 3 with “Buy” rating. The stock of Oclaro, Inc. (NASDAQ:OCLR) earned “Outperform” rating by Northland Capital on Thursday, November 19. The firm has “Buy” rating by Needham given on Wednesday, February 3. Stifel Nicolaus upgraded the stock to “Buy” rating in Thursday, October 22 report. The firm earned “Buy” rating on Wednesday, November 4 by Needham. The firm has “Hold” rating by Drexel Hamilton given on Friday, April 8. B. Riley & Co upgraded Oclaro, Inc. (NASDAQ:OCLR) on Wednesday, November 4 to “Buy” rating.

According to Zacks Investment Research, “Oclaro, with headquarters in San Jose, California, is a tier 1 provider of high performance optical components, modules and subsystems to the telecommunications market, and is one of the largest providers to metro and long haul network applications. Oclaro, the result of the combination of Bookham, Inc. and Avanex Corporation, leverages proprietary core technologies and vertically integrated product development to provide its customers with cost-effective and innovative optical devices, modules and subsystems. Its photonic technologies also serve selected potential high growth markets, including industrial, defense, life sciences, semiconductor, and scientific, with diversification providing both significant potential revenue streams and strategic technological advantage. Oclaro is a global company, with leading chip fabrication facilities in the UK, Switzerland and Italy, and manufacturing sites in the US, Thailand and China.”

Insitutional Activity: The institutional sentiment decreased to 1.45 in Q2 2016. Its down 0.08, from 1.53 in 2016Q1. The ratio turned negative, as 26 funds sold all Oclaro, Inc. shares owned while 34 reduced positions. 41 funds bought stakes while 46 increased positions. They now own 89.93 million shares or 4.81% more from 85.80 million shares in 2016Q1.
National Bank & Trust Of New York Mellon Corp owns 456,762 shares or 0% of their US portfolio. Creative Planning has invested 0% of its portfolio in Oclaro, Inc. (NASDAQ:OCLR). Ci Invests Incorporated accumulated 0.03% or 446,500 shares. Menta Cap Llc has 86,223 shares for 0.06% of their US portfolio. Ancora Ltd Liability Company holds 0.05% of its portfolio in Oclaro, Inc. (NASDAQ:OCLR) for 80,000 shares. Aperio Grp Incorporated Limited Liability Co accumulated 21,289 shares or 0% of the stock. The New York-based Ibm Retirement Fund has invested 0% in Oclaro, Inc. (NASDAQ:OCLR). Paradigm Cap Ny has 493,200 shares for 0.29% of their US portfolio. Visium Asset Management Limited Partnership reported 486,861 shares or 0.17% of all its holdings. Victory Mgmt holds 0% or 118,594 shares in its portfolio. California Pub Employees Retirement has 286,524 shares for 0% of their US portfolio. Rs Mgmt Ltd, a California-based fund reported 264,450 shares. Capital Guardian holds 0% or 257 shares in its portfolio. Friess Assoc Limited Liability, a Wyoming-based fund reported 149,000 shares. The Pennsylvania-based Nationwide Fund Advsr has invested 0% in Oclaro, Inc. (NASDAQ:OCLR).

More recent Oclaro, Inc. (NASDAQ:OCLR) news were published by: Benzinga.com which released: “Jefferies Sets Buy Rating, $11.25 Target On Oclaro” on October 03, 2016. Also Prnewswire.com published the news titled: “Oclaro Prices Public Offering of Common Stock” on September 21, 2016. Prnewswire.com‘s news article titled: “Oclaro Announces Proposed Public Offering of Common Stock” with publication date: September 19, 2016 was also an interesting one.

OCLR Company Profile

Oclaro, Inc., incorporated on June 29, 2004, is a well-known provider of optical components, modules and subsystems for the core optical transport, service provider, enterprise and data center markets. The Firm 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. The Firm supplies core optical network technology to telecommunications and data communications equipment companies across the world. It targets communications equipment manufacturers that integrate its optical technology into the switching, routing and transport systems they offer to the global service and content providers that are building, upgrading and operating high-performance optical networks. It designs, makes and markets optical components, modules and subsystems that generate, detect, combine and separate light signals in optical communications networks. It supplies transmission products at the component level and the module level into 10 gigabits per second (Gb/s), 40 Gb/s and 100 Gb/s communications solutions.

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