Oclaro (NASDAQ:OCLR) : 6 brokerage houses believe that Oclaro (NASDAQ:OCLR) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Oclaro (NASDAQ:OCLR). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 8 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.38.
Oclaro (NASDAQ:OCLR) : The highest short term price target forecast on Oclaro (NASDAQ:OCLR) is $8 and the lowest target price is $7. A total of 7 equity analysts are currently covering the company. The average price of all the analysts is $6.86 with a standard deviation of $0.35.
For the current week, the company shares have a recommendation consensus of Buy. Also, Drexel Hamilton initiates coverage on Oclaro (NASDAQ:OCLR). The shares have now been rated Hold by the stock experts at the ratings house. The rating by the firm was issued on April 8, 2016.
Oclaro (NASDAQ:OCLR): stock turned positive on Tuesday. Though the stock opened at $4.7, the bulls momentum made the stock top out at $4.85 level for the day. The stock recorded a low of $4.65 and closed the trading day at $4.75, in the green by 3.49%. The total traded volume for the day was 1,894,702. The stock had closed at $4.59 in the previous days trading.
In an insider trading activity, Dougherty Greg, CEO of Oclaro, Inc., executed a transaction worth $41,200 on May 19, 2015. A total of 20,000 shares were purchased at an average price of $2.06. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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.