The Oclaro, Inc. (OCLR) EVP David Teichmann Sells 41,612 Shares

The Oclaro, Inc. (OCLR) EVP David Teichmann Sells 41,612 Shares

Shares of Oclaro, Inc. (NASDAQ:OCLR) opened at 9.31 on Monday. The company has a market cap of $1.56 billion, a PE ratio of 16.93 and a beta of 1.80. The firm’s 50-day moving average is $8.68 and its 200-day moving average is $9.11. Oclaro, Inc. has a 1-year low of $4.48 and a 1-year high of $11.30.

Oclaro, Inc. (NASDAQ:OCLR) EVP David Teichmann sold 41,612 shares of the stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $8.88, for a total transaction of $369,514.56. Following the sale, the executive vice president now directly owns 333,738 shares in the company, valued at $2,963,593.44. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Oclaro (NASDAQ:OCLR) last issued its quarterly earnings data on Tuesday, May 2nd. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.04. The firm had revenue of $162.18 million during the quarter, compared to analysts’ expectations of $160.06 million. Oclaro had a return on equity of 23.12% and a net margin of 8.83%. During the same period in the previous year, the firm posted $0.03 earnings per share. On average, equities analysts forecast that Oclaro, Inc. will post $0.76 earnings per share for the current fiscal year.

Oclaro (NASDAQ:OCLR) last issued its quarterly earnings data on Tuesday, May 2nd. The semiconductor company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.04. The firm had revenue of $162.18 million during the quarter, compared to analysts’ expectations of $160.06 million. Oclaro had a return on equity of 23.12% and a net margin of 8.83%. During the same period in the previous year, the firm posted $0.03 earnings per share. On average, equities analysts forecast that Oclaro, Inc. will post $0.76 earnings per share for the current fiscal year. A number of institutional investors have recently modified their holdings of the company. Two Sigma Advisers LP boosted its position in shares of Oclaro by 58.3% in the third quarter. Two Sigma Advisers LP now owns 601,652 shares of the semiconductor company’s stock valued at $5,144,000 after buying an additional 221,700 shares in the last quarter. Zweig DiMenna Associates LLC bought a new position in Oclaro during the third quarter worth $1,796,000. KCG Holdings Inc. bought a new position in Oclaro during the third quarter worth $2,052,000. Suntrust Banks Inc. bought a new position in Oclaro during the third quarter worth $129,000. Finally, SG Americas Securities LLC bought a new position in Oclaro during the third quarter worth $452,000. 63.47% of the stock is owned by hedge funds and other institutional investors.

Several research firms have issued reports on OCLR. Zacks Investment Research upgraded shares of Oclaro from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Wednesday, April 5th. Jefferies Group LLC restated a “buy” rating on shares of Oclaro in a research note on Thursday, March 16th. Needham & Company LLC restated a “strong-buy” rating and set a $14.00 target price on shares of Oclaro in a research note on Wednesday, March 15th. Piper Jaffray Companies lowered their price objective on shares of Oclaro from $15.00 to $12.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 3rd. Finally, Cowen and Company lowered their price objective on shares of Oclaro from $17.00 to $13.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $11.68. About Oclaro

Oclaro, Inc is a provider of optical components, modules and subsystems for the core optical transport, service provider, enterprise and data center markets. The Company provides various solutions for optical networks and interconnects driving the next wave of streaming video, cloud computing, application virtualization and other bandwidth-intensive and high-speed applications.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:OCLR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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