Northland Securities Reaffirms "Buy" Rating for Oclaro, Inc. (OCLR)

It may be tempting to view the price as over sold, making this a potential entry for a long position, but as of this moment, the stock price is moving sharply lower, it has cut through technical support and the bears are leading the charge until the stock can find a bid.

Several other equities analysts have also commented on OCLR. Oclaro Inc has a one bull (extreme weakness) technical rating because it's trading below the 10 day, 50 day and 200 day simple moving averages while the 10-day moving average is below the 50-day moving average and the 50-day moving average is below the 200-day moving average.

The stock received analysts' mean target price of $12.58. Cantor Fitzgerald reissued an "overweight" rating and issued a $21.00 target price (down previously from $35.00) on shares of Oclaro in a research note on Thursday, July 13th.

8/8/2017-B. Riley Reiterated Rating of Buy. 0 analysts gave its stock an Outperform rating. Oclaro has an average rating of "Buy" and an average price target of $13.33.

The noticeable indication captures as OCLR has 922.40% of earning per share growth for this year. The stock is now moving below its 20-Day Simple Moving Average of -2.35% with a 50-Day Simple Moving Average of -3.35 percent. Its book value per share for the most recent quarter is $3.07 while its price to book ratio for the same period is 2.69, as for as the company's cash per share for the most recent quarter is $1.53, however its price to cash per share ratio for the same period is 5.42. The company reported $0.14 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.10 by $0.04.

Oclaro Inc (NASDAQ:OCLR)'s revenue estimates for the current quarter are $154.32 Million according to 13 number of analysts, for the current quarter the company has high revenue estimates of $155.9 Million in contradiction of low revenue estimates of $151.62 Million.

Oclaro ( OCLR ) shares plunged by double digits in extended trading Wednesday after the maker of optical devices for communications networks offered a revenue outlook for the December quarter that missed by wide margin. Oclaro's revenue was up 19.3% on a year-over-year basis. During the same quarter previous year, the firm earned $0.11 EPS.

Oclaro, Inc. (NASDAQ:OCLR) received a Buy rating from 2 analysts.

The 14-day ADX for Oclaro Inc (OCLR) is now sitting at 23.19. (OCLR) on Wednesday reported fiscal first-quarter net income of $26.5 million. If you are accessing this article on another website, it was copied illegally and reposted in violation of worldwide copyright legislation.

Additionally on 6/23/17 DA Davidson "Initiates Coverage On" Oclaro Inc (NASDAQ:OCLR) to Buy setting price target at $14 and on 10/03/16 Jefferies "Initiates Coverage on" the stock to Buy at $11.3.

On 8/31/2017 Lisa Paul, EVP, sold 12,182 with an average share price of $8.45 per share and the total transaction amounting to $102,937.90. Following the transaction, the executive vice president now owns 422,126 shares in the company, valued at approximately $3,533,194.62. The shares were sold at an average price of $9.12, for a total transaction of $364,800.00. Moving averages can help identify trends and price reversals. BlackRock Inc. now owns 16,827,106 shares of the semiconductor company's stock valued at $157,166,000 after purchasing an additional 9,177,551 shares during the period. The disclosure for this sale can be found here. However the six-month change in the insider ownership was recorded -5.35%, as well as three-month change in the institutional ownership was recorded 0.43%. Considering the latest volume move the stock can be referred as "Hot" and "Eye-catching". Closing price generally refers to the last price at which a stock trades during a regular trading session. Finally, Vanguard Group Inc. increased its holdings in Oclaro by 17.9% in the 2nd quarter.

Like this



02 November 2017
Staff at Havant hospital wear pink for breast cancer
Jan Schwenger, owner of Express Employment Professionals of Tacoma W.A. shared her reasoning behind acknowledging Pink Friday. According to the American Cancer Society, Louisiana has one of the highest cancer mortality rates in the nation.

02 November 2017
DWR: Oroville Dam's Main Spillway is Ready for the Rainy Season
Work on the emergency spillway is scheduled to continue through January 2018 . Officials ordered over 180,000 people in areas below the dam to be evacuated.

02 November 2017
Report highlights 'shocking' divide between dental health of rich and poor
Children in some areas of England are four times as likely to have rotten teeth than those elsewhere, according to a report. Despite the good numbers there are pockets and areas where the statistics do not look so good in terms of dental health.

02 November 2017
Reporter Violently Arrested While Filming Ed Gillespie's Campaign Vehicle
Police slammed a reporter to the ground before a campaign event for Virginia GOP gubernational candidate Ed Gillespie. He has also told reporters he shares videos with American Bridge, a Democratic political action committee.

02 November 2017
Raptors' Serge Ibaka, Jonas Valanciunas back vs. Nuggets
It was clear Toronto felt the weight of a blowout long before 13th man Alfonzo McKinnie came into the game in the fourth quarter. Millsap had 19 in the first half to put the Nuggets on their way and then wasnt really needed much after that finishing with 20.

02 November 2017
Gold Coast 'blindsided' by reports of Jarryd Hayne exit request
I think he needs to stay at the club and play as well as he possibly can for them. "He has to invest back in the club". Shocking reports have surfaced that Jarryd Hayne wants to quit the Titans before the 2018 season.

02 November 2017
Liverpool boss Jurgen Klopp: Alex Oxlade-Chamberlain is dynamite
Liverpool will be hoping to edge closer to the Champions League knockout stage by beating Maribor at Anfield on Wednesday evening. Liverpool' coach Jurgen Klopp insists that since Oxlade-Chamberlain' joining he is being in "dynamite form".

02 November 2017
Okaro White starting at power forward for Heat on Wednesday
The rookie has made 17 threes, which is the most by any player after six career National Basketball Association games. The Heat end this season-long six-game home stand 3-3 and now hit the road for six games, starting Friday in Denver.

02 November 2017
Shane Morris leads Central Michigan to comeback win over Western Michigan
CMU improves to 5-4 overall and 3-2 in Mid-American Conference play, while WMU dropped to 5-4 overall and 2-3 in the MAC. Franklin rushed for 228 yards and two touchdowns for his fourth straight 100-yard game for Western Michigan (5-3, 3-1).

02 November 2017
World Series victor proposes on live TV
As if it wasn't already the best night of his life, Carlos Correa made another unbelievable memory after winning the World Series. Houston Astros champion Carlos Correa capped off the best day of his baseball career with the next big step in his personal life.