Oclaro, Inc. (NASDAQ:OCLR) – Research analysts at B. Riley lowered their Q3 2018 earnings per share (EPS) estimates for shares of Oclaro in a note issued to investors on Thursday. B. Riley analyst D. Kang now expects that the semiconductor company will earn $0.08 per share for the quarter, down from their previous forecast of $0.13. B. Riley has a “Buy” rating and a $11.75 price target on the stock. B. Riley also issued estimates for Oclaro’s Q4 2018 earnings at $0.10 EPS.

Several other brokerages have also weighed in on OCLR. Northland Securities restated a “buy” rating and issued a $12.75 price objective on shares of Oclaro in a report on Friday, September 15th. Jefferies Group LLC restated a “buy” rating and issued a $12.50 price objective (up previously from $12.00) on shares of Oclaro in a report on Thursday, August 3rd. MKM Partners reaffirmed a “buy” rating and set a $12.00 target price (up from $10.50) on shares of Oclaro in a research report on Wednesday, July 26th. Stifel Nicolaus reaffirmed a “buy” rating and set a $12.00 target price (up from $10.00) on shares of Oclaro in a research report on Monday, July 10th. Finally, Needham & Company LLC lowered Oclaro from a “strong-buy” rating to a “buy” rating and cut their target price for the stock from $14.00 to $9.00 in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $12.67.

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Shares of Oclaro (OCLR) traded down $0.01 during mid-day trading on Monday, reaching $6.18. The company’s stock had a trading volume of 6,789,196 shares, compared to its average volume of 5,670,000. Oclaro has a one year low of $5.86 and a one year high of $11.30. The firm has a market cap of $1,030.00, a price-to-earnings ratio of 7.94, a PEG ratio of 0.70 and a beta of 1.41.

Oclaro (NASDAQ:OCLR) last released its quarterly earnings data on Wednesday, November 1st. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.02. Oclaro had a return on equity of 28.11% and a net margin of 24.31%. The business had revenue of $155.60 million during the quarter, compared to analyst estimates of $154.51 million. During the same quarter in the previous year, the firm posted $0.14 EPS. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year.

In related news, CEO Greg Dougherty sold 40,000 shares of the stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $9.12, for a total transaction of $364,800.00. Following the completion of the sale, the chief executive officer now owns 1,441,386 shares in the company, valued at approximately $13,145,440.32. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Michael H. Fernicola sold 12,869 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $8.62, for a total value of $110,930.78. Following the sale, the insider now owns 106,225 shares of the company’s stock, valued at approximately $915,659.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 85,183 shares of company stock valued at $747,174. 2.00% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Shelton Capital Management acquired a new position in Oclaro in the 2nd quarter valued at approximately $117,000. Everence Capital Management Inc. acquired a new position in shares of Oclaro in the 3rd quarter worth approximately $110,000. LS Investment Advisors LLC acquired a new position in shares of Oclaro in the 2nd quarter worth approximately $122,000. Ameritas Investment Partners Inc. raised its holdings in shares of Oclaro by 53.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 14,542 shares of the semiconductor company’s stock worth $136,000 after buying an additional 5,057 shares in the last quarter. Finally, GLG Partners LP acquired a new position in shares of Oclaro in the 2nd quarter worth approximately $140,000. 70.18% of the stock is owned by hedge funds and other institutional investors.

About Oclaro

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.

Earnings History and Estimates for Oclaro (NASDAQ:OCLR)

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