Oclaro (OCLR) Receiving Somewhat Favorable Press Coverage, Report Shows

News headlines about Oclaro (NASDAQ:OCLR) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Oclaro earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned media stories about the semiconductor company an impact score of 47.2125980271458 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the news articles that may have effected Accern’s rankings:

Oclaro stock traded up $0.16 during trading on Thursday, hitting $9.56. The company’s stock had a trading volume of 5,631,766 shares, compared to its average volume of 6,610,627. The firm has a market capitalization of $1,638.41, a P/E ratio of 11.66, a PEG ratio of 1.71 and a beta of 0.91. Oclaro has a 1-year low of $5.61 and a 1-year high of $10.93.

Oclaro (NASDAQ:OCLR) last released its earnings results on Monday, February 5th. The semiconductor company reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.02. The firm had revenue of $139.30 million during the quarter, compared to analyst estimates 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 prior year, the firm posted $0.21 earnings per share. equities research analysts forecast that Oclaro will post 0.44 EPS for the current fiscal year.

A number of analysts have commented on OCLR shares. ValuEngine upgraded Oclaro from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Needham & Company LLC downgraded Oclaro from a “buy” rating to a “hold” rating in a research report on Monday, December 18th. Zacks Investment Research upgraded Oclaro from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. Stifel Nicolaus cut their price target on Oclaro from $10.00 to $8.50 and set a “buy” rating for the company in a report on Wednesday, January 24th. Finally, Loop Capital started coverage on Oclaro in a report on Monday, January 29th. They issued a “buy” rating and a $10.00 price target for the company. One analyst has rated the stock with a sell rating, eleven have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $10.43.

In other Oclaro news, EVP David Teichmann sold 24,962 shares of the company’s stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $6.41, for a total transaction of $160,006.42. Following the completion of the sale, the executive vice president now directly owns 349,305 shares in the company, valued at $2,239,045.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Lisa Paul sold 5,000 shares of the company’s stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $10.10, for a total value of $50,500.00. Following the sale, the executive vice president now owns 216,886 shares of the company’s stock, valued at $2,190,548.60. The disclosure for this sale can be found here. Insiders sold 119,436 shares of company stock valued at $1,088,446 over the last quarter. Insiders own 2.00% of the company’s stock.

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Oclaro Company Profile

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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