Oclaro Inc (NASDAQ:OCLR) Institutional Investor Positioning

June 16, 2018 - By Hazel Jackson

Oclaro, Inc. (NASDAQ:OCLR) Logo

Sentiment for Oclaro Inc (NASDAQ:OCLR)

Oclaro Inc (NASDAQ:OCLR) institutional sentiment decreased to 0.73 in Q1 2018. Its down -0.28, from 1.01 in 2017Q4. The ratio dived, as 87 funds increased or opened new equity positions, while 120 decreased and sold their stakes in Oclaro Inc. The funds in our partner’s database reported: 112.22 million shares, up from 110.17 million shares in 2017Q4. Also, the number of funds holding Oclaro Inc in their top 10 equity positions was flat from 1 to 1 for the same number . Sold All: 65 Reduced: 55 Increased: 49 New Position: 38.

Oclaro, Inc. designs, manufactures, and markets optical components, modules, and subsystems for the long-haul, metro, and data center markets worldwide. The company has market cap of $1.54 billion. The companyÂ’s products generate, detect, combine, and separate light signals in optical communications networks. It has a 13.8 P/E ratio. It offers client side transceivers, including pluggable transceivers; line side transceivers; tunable laser transmitters, such as discrete lasers and co-packaged laser modulators; lithium niobate modulators to manipulate the phase or the amplitude of an optical signal; transponder modules for transmitter and receiver functions; and discrete lasers and receivers for metro and long-haul applications.

The stock decreased 1.31% or $0.12 during the last trading session, reaching $9.01. About 2.03M shares traded. Oclaro, Inc. (NASDAQ:OCLR) has risen 6.29% since June 16, 2017 and is uptrending. It has underperformed by 6.28% the S&P500.

Analysts await Oclaro, Inc. (NASDAQ:OCLR) to report earnings on August, 1. They expect $0.06 earnings per share, down 68.42 % or $0.13 from last year’s $0.19 per share. OCLR’s profit will be $10.24M for 37.54 P/E if the $0.06 EPS becomes a reality. After $0.09 actual earnings per share reported by Oclaro, Inc. for the previous quarter, Wall Street now forecasts -33.33 % negative EPS growth.

Kopp Investment Advisors Llc holds 3.1% of its portfolio in Oclaro, Inc. for 318,895 shares. Magnetar Financial Llc owns 7.81 million shares or 1.88% of their US portfolio. Moreover, Paradigm Capital Management Inc Ny has 1.64% invested in the company for 2.03 million shares. The New York-based S Squared Technology Llc has invested 1.23% in the stock. Investment Counselors Of Maryland Llc, a Maryland-based fund reported 2.49 million shares.

Oclaro, Inc. (NASDAQ:OCLR) Ratings Coverage

Ratings analysis reveals 38% of Oclaro’s analysts are positive. Out of 16 Wall Street analysts rating Oclaro, 6 give it “Buy”, 0 “Sell” rating, while 10 recommend “Hold”. The lowest target is $5.5 while the high is $11.5. The stock’s average target of $9.02 is 0.11% above today’s ($9.01) share price. OCLR was included in 26 notes of analysts from December 18, 2017. As per Tuesday, March 13, the company rating was downgraded by B. Riley & Co. On Monday, March 12 the stock rating was downgraded by Stifel Nicolaus to “Hold”. The firm has “Hold” rating by Piper Jaffray given on Monday, March 12. The stock of Oclaro, Inc. (NASDAQ:OCLR) earned “Buy” rating by Cowen & Co on Tuesday, February 6. FBR Capital downgraded Oclaro, Inc. (NASDAQ:OCLR) on Tuesday, March 13 to “Hold” rating. The firm earned “Buy” rating on Monday, March 19 by Northland Capital. The firm has “Hold” rating given on Monday, December 18 by Needham. Stifel Nicolaus maintained Oclaro, Inc. (NASDAQ:OCLR) rating on Tuesday, February 6. Stifel Nicolaus has “Buy” rating and $8 target. The rating was maintained by FBR Capital with “Buy” on Tuesday, February 6. The rating was maintained by Stifel Nicolaus on Wednesday, January 24 with “Buy”.

More news for Oclaro, Inc. (NASDAQ:OCLR) were recently published by: Seekingalpha.com, which released: “Tech stocks gain as US confirms ZTE deal” on June 07, 2018. Nasdaq.com‘s article titled: “Oclaro and Acacia Communications Collaborate on 100/200G CFP2-DCO Products” and published on May 29, 2018 is yet another important article.

Oclaro, Inc. (NASDAQ:OCLR) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: