Oclaro (NASDAQ:OCLR) was downgraded by analysts at Raymond James Financial from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

OCLR has been the topic of several other research reports. UBS Group initiated coverage on shares of Oclaro in a report on Wednesday, January 31st. They issued a “sell” rating and a $5.50 target price on the stock. Needham & Company LLC lowered shares of Oclaro from a “buy” rating to a “hold” rating in a report on Monday, December 18th. Loop Capital initiated coverage on shares of Oclaro in a report on Monday, January 29th. They issued a “buy” rating and a $10.00 target price on the stock. Stifel Nicolaus lowered their target price on shares of Oclaro from $10.00 to $8.50 and set a “buy” rating on the stock in a report on Wednesday, January 24th. Finally, Morgan Stanley initiated coverage on shares of Oclaro in a report on Friday, March 9th. They issued an “equal weight” rating and a $8.00 target price on the stock. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $10.43.

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Shares of Oclaro (NASDAQ OCLR) traded up $0.08 during mid-day trading on Wednesday, hitting $10.12. 5,651,742 shares of the stock were exchanged, compared to its average volume of 6,455,964. Oclaro has a 52 week low of $5.61 and a 52 week high of $10.93. The firm has a market cap of $1,700.00, a PE ratio of 12.35, a price-to-earnings-growth ratio of 1.76 and a beta of 0.91.

Oclaro (NASDAQ:OCLR) last announced its quarterly earnings data on Monday, February 5th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. Oclaro had a net margin of 23.00% and a return on equity of 23.17%. The company had revenue of $139.30 million during the quarter, compared to analysts’ expectations of $138.83 million. During the same quarter in the prior year, the company posted $0.21 EPS. The business’s revenue was down 9.5% on a year-over-year basis. equities research analysts expect that Oclaro will post 0.44 earnings per share for the current fiscal year.

In other Oclaro news, EVP Lisa Paul sold 5,000 shares of the stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $7.45, for a total transaction of $37,250.00. Following the sale, the executive vice president now owns 232,950 shares of the company’s stock, valued at approximately $1,735,477.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP David Teichmann sold 24,962 shares of the 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 sale, the executive vice president now directly owns 349,305 shares in the company, valued at approximately $2,239,045.05. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the business. Sei Investments Co. grew its holdings in Oclaro by 150.9% during the 3rd quarter. Sei Investments Co. now owns 17,105 shares of the semiconductor company’s stock worth $147,000 after acquiring an additional 10,288 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new position in Oclaro during the 4th quarter valued at about $119,000. Meadow Creek Investment Management LLC acquired a new position in Oclaro during the 4th quarter valued at about $147,000. Xact Kapitalforvaltning AB acquired a new position in Oclaro during the 4th quarter valued at about $156,000. Finally, Ladenburg Thalmann Financial Services Inc. lifted its position in Oclaro by 74.2% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 27,556 shares of the semiconductor company’s stock valued at $238,000 after purchasing an additional 11,735 shares during the period. 68.75% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Oclaro (NASDAQ:OCLR)

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