Is Oclaro Inc (NDAQ:OCLR) a Stock to Watch Now That Raymond James Has Begun Covering It?

September 17, 2017 - By Dolores Ford

 Is Oclaro Inc (NDAQ:OCLR) a Stock to Watch Now That Raymond James Has Begun Covering It?

Investors sentiment decreased to 1.31 in Q4 2016. Its down 0.89, from 2.2 in 2016Q3. It is negative, as 31 investors sold Oclaro Inc shares while 56 reduced holdings. 45 funds opened positions while 69 raised stakes. 102.68 million shares or 4.53% more from 98.22 million shares in 2016Q3 were reported.

Bancshares Of Ny Mellon Corp holds 0% or 781,438 shares in its portfolio. Dimensional Fund L P owns 0.01% invested in Oclaro Inc (NASDAQ:OCLR) for 2.28 million shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 5,789 shares in its portfolio. Peconic Ptnrs Ltd holds 40,000 shares or 0.05% of its portfolio. Whale Rock Cap Mgmt Limited Liability Company stated it has 4.09% in Oclaro Inc (NASDAQ:OCLR). Maplelane Limited Liability Corp reported 300,000 shares. Friess Associates Ltd Liability Corp holds 0.81% or 922,266 shares. 27,300 were reported by Concert Wealth. 46,880 were reported by Cypress Cap Mngmt Lc (Wy). Northern Corp owns 1.38M shares or 0% of their US portfolio. Vanguard reported 5.87M shares or 0% of all its holdings. Utd Svcs Automobile Association reported 0.03% in Oclaro Inc (NASDAQ:OCLR). California State Teachers Retirement System has invested 0% in Oclaro Inc (NASDAQ:OCLR). Landscape Cap Mngmt Limited Liability stated it has 124,351 shares or 0.15% of all its holdings. Bb&T Securities Ltd Company reported 15,000 shares.

How Raymond James Currently Rates Oclaro Inc (NDAQ:OCLR)

In analysts report revealed to clients on Friday, 15 September, investment analysts at Raymond James initiated coverage on Oclaro Inc (NDAQ:OCLR) shares. The financial company issued a key Strong Buy rating for OCLR stock.

Investors sentiment decreased to 1.31 in Q4 2016. Its down 0.89, from 2.2 in 2016Q3. It is negative, as 31 investors sold Oclaro Inc shares while 56 reduced holdings. 45 funds opened positions while 69 raised stakes. 102.68 million shares or 4.53% more from 98.22 million shares in 2016Q3 were reported.

Bancshares Of Ny Mellon Corp holds 0% or 781,438 shares in its portfolio. Dimensional Fund L P owns 0.01% invested in Oclaro Inc (NASDAQ:OCLR) for 2.28 million shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 5,789 shares in its portfolio. Peconic Ptnrs Ltd holds 40,000 shares or 0.05% of its portfolio. Whale Rock Cap Mgmt Limited Liability Company stated it has 4.09% in Oclaro Inc (NASDAQ:OCLR). Maplelane Limited Liability Corp reported 300,000 shares. Friess Associates Ltd Liability Corp holds 0.81% or 922,266 shares. 27,300 were reported by Concert Wealth. 46,880 were reported by Cypress Cap Mngmt Lc (Wy). Northern Corp owns 1.38M shares or 0% of their US portfolio. Vanguard reported 5.87M shares or 0% of all its holdings. Utd Svcs Automobile Association reported 0.03% in Oclaro Inc (NASDAQ:OCLR). California State Teachers Retirement System has invested 0% in Oclaro Inc (NASDAQ:OCLR). Landscape Cap Mngmt Limited Liability stated it has 124,351 shares or 0.15% of all its holdings. Bb&T Securities Ltd Company reported 15,000 shares.

Oclaro Inc (NASDAQ:OCLR) Ratings Coverage

Among 2 analysts covering Oclaro Inc (NDAQ:OCLR), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Oclaro Inc has $14 highest and $10.50 lowest target. $12.25’s average target is 35.06% above currents $9.07 stock price. Oclaro Inc had 3 analyst reports since April 24, 2017 according to SRatingsIntel. The stock has “Buy” rating by DA Davidson on Friday, June 23. The company was maintained on Monday, April 24 by M Partners.

The stock increased 3.42% or $0.3 on September 15, reaching $9.07. About 15.97M shares traded or 122.42% up from the average. Oclaro Inc (NDAQ:OCLR) has risen 92.74% since September 17, 2016 and is uptrending. It has outperformed by 76.04% the S&P500.

Analysts await Oclaro Inc (NASDAQ:OCLR) to report earnings on November, 7. They expect $0.16 EPS, up 33.33 % or $0.04 from last year’s $0.12 per share. OCLR’s profit will be $26.99M for 14.17 P/E if the $0.16 EPS becomes a reality. After $0.19 actual EPS reported by Oclaro Inc for the previous quarter, Wall Street now forecasts -15.79 % negative EPS growth.

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 has market cap of $1.53 billion. 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. It has a 11.97 P/E ratio. The Company’s product offerings include client side transceivers, line side transceivers, tunable laser transmitters, lithium niobate modulators, transponder modules, and discrete lasers and receivers.

Another recent and important Oclaro Inc (NASDAQ:OCLR) news was published by Nasdaq.com which published an article titled: “Oclaro Inc (OCLR) Files 10-K for the Fiscal Year Ended on June 30, 2017” on August 19, 2017.

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