BidaskClub Upgrades Oclaro (OCLR) to Sell
BidaskClub upgraded shares of Oclaro (NASDAQ:OCLR) from a strong sell rating to a sell rating in a report released on Tuesday morning.
Separately, ValuEngine raised shares of Oclaro from a hold rating to a buy rating in a research report on Friday, August 10th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $9.44.
NASDAQ OCLR opened at $8.67 on Tuesday. Oclaro has a 52-week low of $5.61 and a 52-week high of $10.20. The company has a market cap of $1.51 billion, a PE ratio of 19.70, a price-to-earnings-growth ratio of 1.32 and a beta of 0.56.
A number of large investors have recently bought and sold shares of OCLR. Profund Advisors LLC raised its holdings in shares of Oclaro by 24.0% in the first quarter. Profund Advisors LLC now owns 31,786 shares of the semiconductor company’s stock worth $304,000 after buying an additional 6,148 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Oclaro by 1.9% in the first quarter. Legal & General Group Plc now owns 346,304 shares of the semiconductor company’s stock worth $3,293,000 after buying an additional 6,612 shares during the last quarter. Cerebellum GP LLC raised its holdings in shares of Oclaro by 80.9% in the second quarter. Cerebellum GP LLC now owns 19,717 shares of the semiconductor company’s stock worth $176,000 after buying an additional 8,816 shares during the last quarter. Natixis purchased a new position in shares of Oclaro in the first quarter worth $100,000. Finally, ARP Americas LP raised its holdings in shares of Oclaro by 6.6% in the second quarter. ARP Americas LP now owns 188,141 shares of the semiconductor company’s stock worth $1,680,000 after buying an additional 11,594 shares during the last quarter. 69.22% of the stock is owned by institutional investors.
Oclaro Company Profile
Oclaro, Inc designs, manufactures, and markets optical components, modules, and subsystems for the long-haul, metro, and data center markets worldwide. The company's products generate, detect, combine, and separate light signals in optical communications networks. It offers client side transceivers, including pluggable transceivers; line side transceivers; tunable laser transmitters, such as discrete lasers and co-packaged laser modulators; lithium niobate modulators to manipulate the phase or the amplitude of an optical signal; transponder modules for transmitter and receiver functions; and discrete lasers and receivers for metro and long-haul applications.
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