Ocular Sciences Inc (NASDAQ:OCLR) Stock Price Down as Sentiment Crashes

June 16, 2018 - By Ash

Oclaro, Inc. (NASDAQ:OCLR) Logo

Sentiment for Ocular Sciences Inc (NASDAQ:OCLR)

Ocular Sciences Inc (NASDAQ:OCLR) institutional sentiment decreased to 0.73 in 2018 Q1. Its down -0.28, from 1.01 in 2017Q4. The ratio has worsened, as 87 active investment managers started new and increased holdings, while 120 sold and reduced their stock positions in Ocular Sciences Inc. The active investment managers in our partner’s database now have: 112.22 million shares, up from 110.17 million shares in 2017Q4. Also, the number of active investment managers holding Ocular Sciences Inc in their top 10 holdings 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. The stock of Oclaro, Inc. (NASDAQ:OCLR) earned “Neutral” rating by UBS on Wednesday, March 14. Piper Jaffray maintained it with “Buy” rating and $8.0 target in Monday, February 5 report. The stock of Oclaro, Inc. (NASDAQ:OCLR) has “Hold” rating given on Friday, February 2 by Jefferies. FBR Capital maintained Oclaro, Inc. (NASDAQ:OCLR) rating on Wednesday, May 9. FBR Capital has “Neutral” rating and $9.5 target. Northland Capital maintained Oclaro, Inc. (NASDAQ:OCLR) rating on Monday, March 19. Northland Capital has “Buy” rating and $11.5 target. The firm has “Neutral” rating by B. Riley & Co given on Tuesday, March 13. The rating was maintained by Northland Capital on Tuesday, April 17 with “Buy”. On Monday, March 12 the stock rating was downgraded by Stifel Nicolaus to “Hold”. Northland Capital maintained it with “Buy” rating and $9.0 target in Monday, January 29 report. UBS initiated Oclaro, Inc. (NASDAQ:OCLR) on Wednesday, January 31 with “Sell” rating.

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

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