Oclaro, Inc. has 1 year price target of $14.28. (NASDAQ:OCLR) in a research report report published on Thursday.
Price Target is an important factor while doing analysis of a stock.
Several other brokerages have also issued reports on OCLR.
04/08/2016 - Drexel Hamilton began new coverage on Oclaro, Inc. giving the company a "hold" rating. MKM Partners reaffirmed a buy rating on shares of Oclaro in a research report on Thursday, December 22nd. (FB). The consensus rating is 1.8, indicating analysts in general look favorably on the company's future prospects. The Low Price target projection by analysts is $12 and the Mean Price Target is $14.28. Buy rating has been given by 4 analysts to the company stock whereas no analyst given UNDERPERFORM rating to stock and 1 analyst given HOLD rating. (NASDAQ:OCLR) to Outperform with no specific Price Target on 8/08/16. They now have a Dollars 11 price target on the stock. Current price level places the company's stock about -13.98% from the 52-week high and 151.81% away from the 52-week low. The stock is now trading with a distance of 20-Day Simple Moving Average (SMA20) of -2.86%. The stock's market capitalization is 1.59B.
Oclaro (NASDAQ:OCLR) last announced its earnings results on Tuesday, January 31st. Oclaro had a net margin of 8.83% and a return on equity of 27.48%. During the same quarter previous year, the company earned $0.03 EPS. The company's a year ago sales total was 101.05 Million. The Average Volume of the company is 6.87 Million and P/E (price to earnings) ratio is 31.56, while Forward P/E ratio is 11.61.
This story was first posted by Community Financial News and is owned by of Community Financial News. If you are reading this story on another domain, it was illegally copied and republished in violation of United States and global copyright & trademark legislation. Needham Upgrades the company's stock to Strong Buy on 7/25/16 with no specific Price Target. The stock has Return on Assets (ROA) of 10.3 percent. After this sale, 345,490 common shares of OCLR are directly owned by the insider, with total stake valued at $3,188,873. The SEC filing shows that Fernicola Michael H performed a sale of 4,563 shares. Also, COO James Douglas Haynes sold 20,000 shares of the firm's stock in a transaction on Thursday, February 16th. The stock was sold at an average price of $8.79, for a total transaction of $43,950.00. Following the completion of the transaction, the chief operating officer now owns 309,277 shares in the company, valued at approximately $3,303,078.36. After the IPO closure, they can extend associate with the firm or find a striking sum of the company's shares. The company has grown 23.22% in past 3 months and in the last five trades has moved down -7.69%.
Multiple company employees have indulged in significant insider trading.
A number of large investors have recently made changes to their positions in the company. Kopp Investment Advisors LLC increased its position in shares of Oclaro by 4.4% in the second quarter. FNY Managed Accounts LLC purchased a new stake in Oclaro during the third quarter valued at $122,000. Whale Rock Capital Management LLC now owns 6,685,632 shares of the company's stock worth $57,162,000 after buying an additional 887,656 shares during the last quarter.
Oclaro, Inc. (NASDAQ:OCLR) has 162.81 Million shares outstanding and 157.71 Million shares were floated in market.
In the last Quarter, Oclaro, Inc. TIAA CREF Investment Management LLC increased its position in shares of Oclaro by 683.7% in the third quarter. Following the sale, the executive vice president now owns 207,474 shares of the company's stock, valued at approximately $1,823,696.46. Finally, Creative Planning increased its stake in Oclaro by 1,415.3% in the third quarter.