Oclaro (OCLR) : 8 brokerage houses believe that Oclaro (OCLR) is a Strong Buy at current levels. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Oclaro (OCLR). Zacks Investment Research suggests a Strong Buy with a rank of 1.The median of all the 9 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.22.
Oclaro (OCLR) : The highest level Oclaro (OCLR) is projected to reach is $10 for the short term and the lowest estimate is at $7. The consolidated price target from 8 rating analysts who initiate coverage on the stock is $8.28 and the possibility the share price can swing is $1.01.
For the current week, the company shares have a recommendation consensus of Buy. Also, Cowen & Company initiates coverage on Oclaro (NASDAQ:OCLR) . Analysts at the Cowen & Company have a current rating of Outperform on the shares. The rating by the firm was issued on August 8, 2016.
Oclaro (NASDAQ:OCLR): stock was range-bound between the intraday low of $8.44 and the intraday high of $8.72 after having opened at $8.64 on Wednesdays session. The stock finally closed in the red at $8.64, a loss of -0.12%. The stock remained in the red for the whole trading day. The total traded volume was 3,969,648 shares. The stock failed to cross $8.72 in Wednesdays trading. The stocks closing price on Thursday was $8.5.
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.