Headlines about Oclaro (NASDAQ:OCLR) have been trending somewhat positive this week, according to Accern Sentiment. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Oclaro earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave news articles about the semiconductor company an impact score of 47.2125980271458 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern’s rankings:
- SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Regarding Whether the Sale of Oclaro, Inc. to Lumentum Holdings Inc. is Fair to Shareholders (finance.yahoo.com)
- OCLARO, INC. SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation of Buyout (finance.yahoo.com)
- How Did Oclaro Inc’s (NASDAQ:OCLR) 24.63% ROE Fare Against The Industry? (finance.yahoo.com)
- Oclaro (OCLR) Downgraded by Raymond James Financial (americanbankingnews.com)
- Stock in the Analysts Spotlight: Oclaro, Inc. (OCLR) – Wall Street Morning (wallstreetmorning.com)
A number of brokerages recently weighed in on OCLR. Jefferies Group downgraded shares of Oclaro from a “buy” rating to a “hold” rating and set a $6.50 price target on the stock. in a research report on Friday, February 2nd. Cowen reissued a “buy” rating and set a $8.00 target price on shares of Oclaro in a research note on Tuesday, February 6th. B. Riley reissued a “neutral” rating and set a $10.00 target price on shares of Oclaro in a research note on Tuesday. MKM Partners raised their price target on shares of Oclaro and gave the stock a “buy” rating in a research note on Wednesday. Finally, Raymond James Financial cut shares of Oclaro from a “buy” rating to a “hold” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $10.43.
Oclaro (NASDAQ:OCLR) last released its quarterly earnings results on Monday, February 5th. The semiconductor company reported $0.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.02. The company had revenue of $139.30 million for the quarter, compared to analysts’ expectations of $138.83 million. Oclaro had a return on equity of 23.17% and a net margin of 23.00%. The business’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.21 earnings per share. sell-side analysts forecast that Oclaro will post 0.44 earnings per share for the current year.
In related news, EVP David Teichmann sold 24,962 shares of Oclaro stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $6.41, for a total value of $160,006.42. Following the transaction, the executive vice president now directly owns 349,305 shares of the company’s stock, valued at $2,239,045.05. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Lisa Paul sold 5,000 shares of the business’s 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 completion of the transaction, the executive vice president now directly owns 232,950 shares in the company, valued at $1,735,477.50. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.
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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