Analyst Price Target Update on Oclaro (NASDAQ:OCLR)

Oclaro (NASDAQ:OCLR): 7 Analyst have given the stock of Oclaro (NASDAQ:OCLR) a near short term price target of $6.86. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $0.35. The higher price target estimate is at $8 while the lower price estimates are fixed at $7.

Many analysts have stated their opinion on the company shares. Drexel Hamilton initiates coverage on Oclaro (NASDAQ:OCLR) The current rating of the shares is Hold. The rating by the firm was issued on April 8, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, Dougherty Greg, CEO of Oclaro, Inc. had purchased 20,000 shares on May 19, 2015 in a transaction. The price per share was $2.06 and the total amount of the disclosed transaction was $41,200.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

Oclaro (NASDAQ:OCLR) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.14 points or 2.89% at $4.71 with 1,491,542 shares getting traded. Post opening the session at $4.85, the shares hit an intraday low of $4.65 and an intraday high of $4.93 and the price was in this range throughout the day. The company has a market cap of $528 million and the number of outstanding shares have been calculated to be 112,147,088 shares. The 52-week high of Oclaro (NASDAQ:OCLR) is $5.69 and the 52-week low is $2.06.

Oclaro, Inc. is a provider of optical components, modules and subsystems for the optical transport, service provider, enterprise and data center markets. The Company supplies optical network technology to telecommunication and data communication equipment companies across the world. The Company designs, manufactures and markets optical components, modules and subsystems that generate, detect, combine and separate light signals in optical communications networks. Its product offerings include client side transceivers, line side transceivers, tunable laser transmitters, lithium niobate modulators, transponder modules and receivers. The Company supplies optical products, including tunable lasers, external modulators, integrated lasers and modulators and receivers. The Company also supplies products at the module and subsystem levels, including transceivers, transponders and controlled subsystems.

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