Oclaro (OCLR) : The consensus on Oclaro (OCLR) based on 8 analyst recommendation on the company stock is 1.38, 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, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Oclaro (OCLR) : 7 Wall Street analysts covering Oclaro (OCLR) believe that the average level the stock could reach for the short term is $6.86. The maximum price target given is $8 and the minimum target for short term is around $7, hence the standard deviation is calculated at $0.35.
For the current week, the company shares have a recommendation consensus of Buy.
Oclaro (NASDAQ:OCLR): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.00 and $4.91 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.06, notching a gain of 1.81% for the day. The total traded volume was 1,919,400 . The stock had closed at $4.97 on the previous day.
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.