Oclaro (OCLR) : The consensus on Oclaro (OCLR) based on 9 analyst recommendation on the company stock is 1.22, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 8 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Oclaro (OCLR) : The consensus price target for Oclaro (OCLR) is $7.69 for the short term with a standard deviation of $0.74. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $9, however, the pessimist price target for the company is $7.
For the current week, the company shares have a recommendation consensus of Buy. Oclaro (NASDAQ:OCLR): The stock opened at $6.14 on Thursday but the bulls could not build on the opening and the stock topped out at $6.34 for the day. The stock traded down to $6.12 during the day, due to lack of any buying support eventually closed down at $6.20 with a loss of -0.32% for the day. The stock had closed at $6.22 on the previous day. The total traded volume was 2,718,727 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the (Chief Commercial Officer) of Oclaro, Inc., Carter Adam had sold 19,506 shares worth of $117,036 in a transaction dated July 26, 2016. In this transaction, 19,506 shares were sold at $6 per share.
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.