Oclaro, Inc. (NASDAQ:OCLR) – Research analysts at DA Davidson cut their Q1 2018 EPS estimates for shares of Oclaro in a note issued to investors on Thursday. DA Davidson analyst M. Kelleher now anticipates that the semiconductor company will post earnings per share of $0.15 for the quarter, down from their prior forecast of $0.16. DA Davidson currently has a “Buy” rating and a $14.00 price objective on the stock. DA Davidson also issued estimates for Oclaro’s Q2 2018 earnings at $0.16 EPS, Q3 2018 earnings at $0.15 EPS, FY2018 earnings at $0.66 EPS and FY2019 earnings at $0.72 EPS.

Several other analysts have also weighed in on OCLR. B. Riley reiterated a “buy” rating and set a $12.00 target price on shares of Oclaro in a research report on Wednesday, May 3rd. Cowen and Company reiterated an “outperform” rating and set a $14.00 target price (up from $13.00) on shares of Oclaro in a research report on Thursday, August 3rd. Piper Jaffray Companies reiterated a “buy” rating and set a $12.00 target price on shares of Oclaro in a research report on Thursday, August 3rd. Needham & Company LLC reiterated a “strong-buy” rating and set a $14.00 target price on shares of Oclaro in a research report on Thursday, August 3rd. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $12.50 target price (up from $12.00) on shares of Oclaro in a research report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Oclaro presently has an average rating of “Buy” and an average price target of $12.97.

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Shares of Oclaro (NASDAQ:OCLR) traded up 2.0422% during trading on Monday, reaching $8.9491. 2,005,569 shares of the company’s stock were exchanged. The company has a market capitalization of $1.50 billion, a PE ratio of 11.6222 and a beta of 1.55. The company has a 50 day moving average price of $9.70 and a 200-day moving average price of $9.35. Oclaro has a 52-week low of $5.75 and a 52-week high of $11.30.

Oclaro (NASDAQ:OCLR) last issued its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.03. Oclaro had a net margin of 21.28% and a return on equity of 27.63%. The firm had revenue of $149.38 million for the quarter, compared to analysts’ expectations of $148.04 million. During the same quarter last year, the company posted $0.11 earnings per share. Oclaro’s revenue was up 19.3% on a year-over-year basis.

In other Oclaro news, insider Michael H. Fernicola sold 5,067 shares of the business’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $8.77, for a total value of $44,437.59. Following the completion of the transaction, the insider now directly owns 61,292 shares of the company’s stock, valued at $537,530.84. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP David Teichmann sold 41,612 shares of the business’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $8.88, for a total transaction of $369,514.56. Following the completion of the transaction, the executive vice president now directly owns 333,738 shares of the company’s stock, valued at $2,963,593.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 124,031 shares of company stock valued at $1,114,852. Insiders own 2.30% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP increased its position in shares of Oclaro by 30.5% in the first quarter. Wellington Management Group LLP now owns 9,737,747 shares of the semiconductor company’s stock worth $95,624,000 after buying an additional 2,278,171 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Oclaro by 77.5% in the first quarter. Ameriprise Financial Inc. now owns 7,973,627 shares of the semiconductor company’s stock worth $78,300,000 after buying an additional 3,481,430 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Oclaro by 20.2% in the first quarter. Vanguard Group Inc. now owns 7,060,853 shares of the semiconductor company’s stock worth $69,337,000 after buying an additional 1,186,225 shares in the last quarter. Teachers Advisors LLC increased its position in shares of Oclaro by 574.9% in the first quarter. Teachers Advisors LLC now owns 5,129,019 shares of the semiconductor company’s stock worth $50,367,000 after buying an additional 4,369,074 shares in the last quarter. Finally, State Street Corp increased its position in shares of Oclaro by 14.3% in the first quarter. State Street Corp now owns 2,494,961 shares of the semiconductor company’s stock worth $24,502,000 after buying an additional 312,453 shares in the last quarter. 72.79% of the stock is owned by institutional investors.

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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