Oclaro (OCLR) Receiving Somewhat Positive Press Coverage, Study Finds

News headlines about Oclaro (NASDAQ:OCLR) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Oclaro earned a coverage optimism score of 0.08 on Accern’s scale. Accern also gave press coverage about the semiconductor company an impact score of 47.0576490901268 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the news stories that may have impacted Accern’s analysis:

Shares of Oclaro (OCLR) opened at $6.87 on Tuesday. Oclaro has a 1-year low of $5.61 and a 1-year high of $11.30. The firm has a market cap of $1,164.00, a P/E ratio of 8.38, a price-to-earnings-growth ratio of 1.20 and a beta of 1.14.

Oclaro (NASDAQ:OCLR) last announced its earnings results on Monday, February 5th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The business had revenue of $139.30 million for the quarter, compared to analyst estimates of $138.83 million. Oclaro had a net margin of 23.00% and a return on equity of 23.17%. The company’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same period last year, the firm posted $0.21 earnings per share. research analysts anticipate that Oclaro will post 0.44 earnings per share for the current fiscal year.

Several brokerages recently weighed in on OCLR. Northland Securities reaffirmed a “buy” rating and issued a $12.75 target price on shares of Oclaro in a report on Wednesday, November 1st. Cowen reissued a “buy” rating and set a $8.00 price objective on shares of Oclaro in a report on Tuesday, February 6th. Stifel Nicolaus cut their price objective on shares of Oclaro from $8.50 to $8.00 and set a “buy” rating on the stock in a report on Tuesday, February 6th. Needham & Company LLC cut shares of Oclaro from a “strong-buy” rating to a “buy” rating and cut their price objective for the stock from $14.00 to $9.00 in a report on Thursday, November 2nd. Finally, ValuEngine cut shares of Oclaro from a “buy” rating to a “hold” rating in a report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $10.18.

In other news, EVP David Teichmann sold 24,962 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $6.41, for a total transaction of $160,006.42. Following the transaction, 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 SEC, which is accessible through this hyperlink. Also, insider Thomas Gordon Beck Mason sold 39,255 shares of the firm’s 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 transaction, 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. Over the last 90 days, insiders have sold 69,217 shares of company stock worth $480,678. 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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