Trader's Buzzer: Oclaro Inc (OCLR)

Thursday, 23 Nov, 2017

Friess Assoc Ltd Liability Co stated it has 0.87% of its portfolio in Oclaro Inc (NASDAQ:OCLR).

For the ongoing Fiscal Quarter, 12 analysts have an average earnings forecast of $0.17 per share. Zero analysts have issued estimates for Oclaro's earnings, with estimates ranging from $0.12 to $0.18. Because there must be a beginning, the first TR value is simply the High minus the Low, and the first 14-day ATR is the average of the daily TR values for the last 14 days. The firm is scheduled to announce its next earnings report on Tuesday, January 30th. The semiconductor company reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.18 by $0.02. Metropolitan Life Ins Company New York invested in 0.01% or 113,009 shares. Zacks Investment Research's EPS averages are a mean average based on a survey of research firms that that provide coverage for Oclaro. To measure price-variation, we found SAN's volatility during a week at 1.09% and during a month it has been found around 1.19%.

The average true range (ATR) was fashioned to allow traders to more precisely evaluate the daily volatility of an asset by using straightforward calculations. The company had revenue of $155.60 million during the quarter, compared to analyst estimates of $154.51 million. Oclaro had a net margin of 24.31% and a return on equity of 28.11%. The quarterly performance for the stock is 13.55%, while the half-yearly performance is -14.31%. The company posted an earnings surprise of 11.1%. For Oclaro, Inc. (NASDAQ:OCLR), Stochastic %D value stayed at 80.15% for the last 9 days. (NASDAQ:OCLR) are $7.68 and $8.75. Piper Jaffray Companies reissued a "buy" rating and issued a $12.00 price target on shares of Oclaro in a report on Thursday, August 3rd. Stifel Nicolaus maintained the shares of OCLR in report on Wednesday, November 2 with "Buy" rating. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Oclaro now has a consensus rating of "Buy" and a consensus price target of $12.67. If you are reading this piece on another publication, it was copied illegally and republished in violation of United States and worldwide copyright & trademark legislation.

Currently Oclaro Inc (NASDAQ:OCLR)'s shares owned by insiders are 2.1%, whereas shares owned by institutional owners are 73.3%.

Oclaro, Inc. (NASDAQ:OCLR) shares are moving 3.84% trading at $7.12 today. The stock exchanged hands 5.54 Million shares versus average trading capacity of 5.94 Million shares, yielding a market cap of $1.09 Billion. The company P/S (price to Sales) ratio is 1.94, P/B (price to Book) ratio is 2.21, while its P/C (price to Cash) ratio stands at 4.30.

Oclaro Inc (NASDAQ:OCLR) 52-week high price stands at $11.30 and low price stands at $5.86, its price distance from 52-week high is -42.57% while its distance from 52-week low price is 10.66%. Stifel Nicolaus maintained the stock with "Buy" rating in Wednesday, August 23 report. The company was maintained on Tuesday, September 1 by Wedbush. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The Stock shows P/E value of 23 and Forward P/E of 36.65. Following the sale, the executive vice president now owns 422,126 shares in the company, valued at approximately $3,533,194.62.

Kellogg Company (NYSE) lost -1.85 Percent and closed its previous trading session at $64.35. It fall, as 45 investors sold OCLR shares while 58 reduced holdings. The Manatuck Hill Partners Llc holds 343,867 shares with $3.21M value, down from 443,867 last quarter. Piedmont Investment Advisors LLC boosted its stake in shares of Oclaro by 33.7% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Oclaro by 74.2% in the 3rd quarter. BlackRock Inc. now owns 16,827,106 shares of the semiconductor company's stock worth $157,166,000 after acquiring an additional 9,177,551 shares during the last quarter.