Oclaro Inc (NASDAQ:OCLR) – Equities researchers at B. Riley issued their Q1 2019 earnings per share (EPS) estimates for shares of Oclaro in a note issued to investors on Tuesday. B. Riley analyst D. Kang anticipates that the semiconductor company will earn $0.08 per share for the quarter. B. Riley currently has a “Buy” rating and a $8.50 target price on the stock. B. Riley also issued estimates for Oclaro’s Q2 2019 earnings at $0.11 EPS, Q3 2019 earnings at $0.10 EPS, Q4 2019 earnings at $0.14 EPS and FY2019 earnings at $0.44 EPS.

A number of other research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Oclaro from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Jefferies Group reissued a “buy” rating and set a $12.50 target price on shares of Oclaro in a research report on Wednesday, November 1st. Northland Securities reissued a “buy” rating and set a $12.75 target price on shares of Oclaro in a research report on Wednesday, November 1st. Needham & Company LLC downgraded shares of Oclaro from a “buy” rating to a “hold” rating in a research report on Monday, December 18th. Finally, ValuEngine downgraded shares of Oclaro from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $10.18.

Oclaro (NASDAQ:OCLR) traded down $0.05 during trading on Friday, hitting $6.74. 7,525,479 shares of the stock were exchanged, compared to its average volume of 5,393,123. Oclaro has a 1 year low of $5.61 and a 1 year high of $11.30. The company has a market cap of $1,140.00, a P/E ratio of 8.04, a P/E/G ratio of 1.14 and a beta of 1.14.

Oclaro (NASDAQ:OCLR) last issued its quarterly earnings data on Monday, February 5th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.02. Oclaro had a net margin of 23.00% and a return on equity of 23.17%. The business had revenue of $139.30 million during the quarter, compared to the consensus estimate of $138.83 million. During the same period in the prior year, the firm posted $0.21 EPS. The firm’s quarterly revenue was down 9.5% compared to the same quarter last year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. ProShare Advisors LLC lifted its stake in Oclaro by 28.3% in the 2nd quarter. ProShare Advisors LLC now owns 16,531 shares of the semiconductor company’s stock worth $154,000 after purchasing an additional 3,650 shares in the last quarter. Advisor Group Inc. lifted its stake in Oclaro by 26.6% in the 2nd quarter. Advisor Group Inc. now owns 22,945 shares of the semiconductor company’s stock worth $214,000 after purchasing an additional 4,820 shares in the last quarter. Ameritas Investment Partners Inc. lifted its stake in 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 purchasing an additional 5,057 shares in the last quarter. Cubist Systematic Strategies LLC lifted its stake in Oclaro by 52.3% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 22,520 shares of the semiconductor company’s stock worth $210,000 after purchasing an additional 7,730 shares in the last quarter. Finally, Bridge City Capital LLC lifted its stake in Oclaro by 8.7% in the 3rd quarter. Bridge City Capital LLC now owns 98,182 shares of the semiconductor company’s stock worth $847,000 after purchasing an additional 7,863 shares in the last quarter. Institutional investors and hedge funds own 70.69% of the company’s stock.

In other Oclaro news, EVP Lisa Paul sold 5,000 shares of the stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $7.45, for a total value of $37,250.00. Following the sale, the executive vice president now directly owns 232,950 shares in the company, valued at approximately $1,735,477.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas Gordon Beck Mason sold 39,255 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $7.22, for a total transaction of $283,421.10. Following the completion of the sale, the insider now owns 171,226 shares in the company, valued at $1,236,251.72. The disclosure for this sale can be found here. Insiders have sold a total of 51,271 shares of company stock worth $364,240 over the last 90 days. 2.00% of the stock is currently owned by corporate insiders.

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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.

Earnings History and Estimates for Oclaro (NASDAQ:OCLR)

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