Oclaro, Inc. (NASDAQ:OCLR) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totalling 45,593,777 shares, a drop of 4.3% from the July 14th total of 47,646,779 shares. Approximately 28.1% of the company’s stock are sold short. Based on an average trading volume of 6,056,080 shares, the short-interest ratio is currently 7.5 days.

In related news, insider Thomas Gordon Beck Mason sold 32,352 shares of Oclaro stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $9.12, for a total transaction of $295,050.24. Following the completion of the transaction, the insider now directly owns 144,125 shares of the company’s stock, valued at approximately $1,314,420. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Lisa Paul sold 5,000 shares of Oclaro stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $9.17, for a total transaction of $45,850.00. Following the transaction, the executive vice president now directly owns 183,460 shares of the company’s stock, valued at $1,682,328.20. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Park Avenue Securities LLC purchased a new stake in Oclaro during the first quarter valued at approximately $104,000. FormulaFolio Investments LLC bought a new position in shares of Oclaro during the first quarter valued at approximately $116,000. National Asset Management Inc. raised its position in shares of Oclaro by 15.2% in the first quarter. National Asset Management Inc. now owns 12,144 shares of the semiconductor company’s stock valued at $121,000 after buying an additional 1,601 shares during the last quarter. LS Investment Advisors LLC bought a new position in shares of Oclaro during the second quarter valued at approximately $122,000. Finally, ProShare Advisors LLC raised its position in shares of Oclaro by 28.3% in the second quarter. ProShare Advisors LLC now owns 16,531 shares of the semiconductor company’s stock valued at $154,000 after buying an additional 3,650 shares during the last quarter. 72.79% of the stock is owned by institutional investors and hedge funds.

Oclaro (NASDAQ:OCLR) opened at 8.39 on Friday. The firm has a 50-day moving average of $9.54 and a 200 day moving average of $9.34. Oclaro has a one year low of $6.88 and a one year high of $11.30. The stock has a market capitalization of $1.40 billion, a PE ratio of 10.90 and a beta of 1.55.

Oclaro (NASDAQ:OCLR) last released its quarterly earnings results on Wednesday, August 2nd. The semiconductor company reported $0.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.03. The business had revenue of $149.38 million during the quarter, compared to analyst estimates of $148.04 million. Oclaro had a net margin of 21.28% and a return on equity of 27.63%. The company’s quarterly revenue was up 19.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.11 earnings per share. On average, equities research analysts anticipate that Oclaro will post $0.74 earnings per share for the current fiscal year.

OCLR has been the subject of a number of recent research reports. DA Davidson initiated coverage on shares of Oclaro in a research report on Thursday, June 22nd. They set a “buy” rating and a $14.00 price target for the company. Needham & Company LLC reissued a “strong-buy” rating and set a $14.00 price target on shares of Oclaro in a research report on Monday, June 12th. ValuEngine raised shares of Oclaro from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 3rd. MKM Partners reissued a “buy” rating and set a $12.00 price target on shares of Oclaro in a research report on Friday, April 21st. Finally, BidaskClub cut shares of Oclaro from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Two research analysts have rated the stock with a sell rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $12.97.

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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.

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