News headlines about Oclaro (NASDAQ:OCLR) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Oclaro earned a news impact score of 0.10 on Accern’s scale. Accern also assigned news articles about the semiconductor company an impact score of 45.3281971901261 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the news articles that may have impacted Accern’s scoring:

Oclaro (NASDAQ:OCLR) opened at $7.01 on Friday. The company has a market capitalization of $1,201.72, a price-to-earnings ratio of 9.13, a PEG ratio of 1.04 and a beta of 1.32. Oclaro has a 52 week low of $5.86 and a 52 week high of $11.30.

Oclaro (NASDAQ:OCLR) last announced its quarterly earnings results on Wednesday, November 1st. The semiconductor company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.18 by $0.02. The firm had revenue of $155.60 million for the quarter, compared to analyst estimates of $154.51 million. Oclaro had a return on equity of 28.11% and a net margin of 24.31%. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.14 earnings per share. analysts forecast that Oclaro will post 0.51 earnings per share for the current fiscal year.

Several analysts have recently weighed in on OCLR shares. Raymond James Financial started coverage on Oclaro in a research report on Thursday, September 14th. They set a “strong-buy” rating and a $12.00 target price for the company. Zacks Investment Research downgraded Oclaro from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Jefferies Group reiterated a “buy” rating and set a $12.50 target price on shares of Oclaro in a research report on Wednesday, November 1st. Northland Securities reiterated a “buy” rating and set a $12.75 target price on shares of Oclaro in a research report on Wednesday, November 1st. Finally, ValuEngine downgraded Oclaro from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, one has given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $12.67.

In other news, CAO Michael H. Fernicola sold 7,016 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $6.21, for a total transaction of $43,569.36. Following the transaction, the chief accounting officer now owns 81,378 shares in the company, valued at $505,357.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Thomas Gordon Beck Mason sold 39,255 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $7.22, for a total value of $283,421.10. Following the transaction, the insider now owns 171,226 shares in the company, valued at approximately $1,236,251.72. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Oclaro (NASDAQ:OCLR)

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