Oclaro (OCLR) Receives Coverage Optimism Rating of 0.16
Headlines about Oclaro (NASDAQ:OCLR) have trended somewhat positive on Tuesday, Accern Sentiment reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Oclaro earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave media coverage about the semiconductor company an impact score of 45.5167625962996 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Accern’s scoring:
- Short Term Technical Analysis: Oclaro, Inc. (OCLR), Galectin Therapeutics, Inc. (GALT) – Market Movers (financialqz.com)
- Analysts Rating Review: Oclaro Inc (OCLR) – ExpertGazette (expertgazette.com)
- Traders Buy Large Volume of Oclaro Put Options (OCLR) (americanbankingnews.com)
- Oclaro, Inc. :OCLR-US: Earnings Analysis: Q1, 2018 By the Numbers : December 8, 2017 (finance.yahoo.com)
- Should You Buy Oclaro Inc (OCLR) Now? (finance.yahoo.com)
Several brokerages have recently weighed in on OCLR. ValuEngine upgraded shares of Oclaro from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research downgraded shares of Oclaro from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Cowen reiterated a “buy” rating on shares of Oclaro in a research note on Friday, November 3rd. Craig Hallum downgraded shares of Oclaro from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Finally, Needham & Company LLC cut shares of Oclaro from a “strong-buy” rating to a “buy” rating and cut their price target for the stock from $14.00 to $9.00 in a report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, one has given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $12.67.
Oclaro (NASDAQ:OCLR) last issued its earnings results 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 net margin of 24.31% and a return on equity of 28.11%. The company had revenue of $155.60 million during the quarter, compared to analysts’ expectations of $154.51 million. During the same period last year, the company posted $0.14 earnings per share. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. analysts anticipate that Oclaro will post 0.51 EPS for the current fiscal year.
In other Oclaro news, CAO Michael H. Fernicola sold 7,016 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $6.21, for a total value of $43,569.36. Following the completion of the transaction, the chief accounting officer now directly owns 81,378 shares of the company’s stock, valued at $505,357.38. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Thomas Gordon Beck Mason sold 39,255 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $7.22, for a total transaction of $283,421.10. Following the completion of the transaction, the insider now directly owns 171,226 shares of the company’s stock, valued at $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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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.
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