John G Ullman & Associates Inc. Raises Stake in Oclaro, Inc. (NASDAQ:OCLR)


Oclaro, Inc. The stock's 50-day moving average is $9.57 and its 200-day moving average is $9.35. Analysts have a mean recommendation of 1.80 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). National Asset Management Inc. raised its stake in shares of Oclaro by 15.2% in the first quarter.

Institutional investors and hedge funds own 72.79% of the company's stock.

Here are some other firms who have updated their holdings. UBS Asset Management Americas Inc.'s holdings in Oclaro were worth $560,000 at the end of the most recent quarter. Oclaro has a one year low of $6.27 and a one year high of $11.30. Axa augmented its position by buying 68,907 shares an increase of 23.9% from 03/31/2017 to 06/30/2017. Teachers Advisors LLC increased its stake in shares of Oclaro by 386.2% in the fourth quarter. Oclaro Inc now has $1.45B valuation.

Oclaro, Inc. (OCLR) has an annual dividend of $0, while its annual dividend yield is 0%.

COPYRIGHT VIOLATION NOTICE: "Oclaro, Inc". Oclaro's revenue for the quarter was up 19.3% on a year-over-year basis. Municipal Employees Retirement System of MI bought a new position in shares of Oclaro during the second quarter valued at approximately $985,000.

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Taking a broader look at the analyst consensus, according to 11 analysts Oclaro Inc (NASDAQ:OCLR)'s price will reach at $12.64 during 52 weeks. (NASDAQ:OCLR) traded down 4.26% during midday trading on Thursday, hitting $8.32. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.03. Equities research analysts anticipate that Oclaro will post $0.74 EPS for the current fiscal year. If you are reading this news story on another website, it was stolen and reposted in violation of USA and global trademark and copyright law. If you are reading this news story on another site, it was stolen and republished in violation of USA and worldwide trademark and copyright law. Similar statistics are true for the second largest owner, Ameriprise Financial Inc, which owns 7,973,627 shares of the stock are valued at $69.29 million. The business had revenue of $149.38 million during the quarter, compared to analyst estimates of $148.04 million.

While having a peek at profitability ratios Oclaro Inc (NASDAQ:OCLR) has trailing twelve month gross margin at 37.1%, its trailing twelve month operating margin stands at 0% whereas its trailing twelve month net profit margin spots at 0%. During the past couple of weeks, OCLR average daily volatility was 63.53%, which is -8.8 percentage points higher than the average volatility over the past 100 days. The Wisconsin-based 1492 Capital Management Llc has invested 3.25% in the stock. Corporate insiders own 2.30% of the company's stock. The same analysts are predicting that the company shares will trade to $12.64 within the next 12-18 months. Stifel Nicolaus upgraded the shares of OCLR in report on Thursday, October 22 to "Buy" rating. Rosenblatt Securities assumed coverage on Oclaro in a research note on Wednesday, May 17th. The company has an average rating of "Buy" and an average target price of $12.97. Needham & Company LLC reaffirmed a "strong-buy" rating and set a $14.00 target price on shares of Oclaro in a report on Thursday, August 3rd. The overall volume in the last trading session was 9.64 million shares. The shares were sold at an average price of $8.77, for a total value of $44,437.59.

Oclaro, Inc is a provider of optical components, modules and subsystems for the core optical transport, service provider, enterprise and data center markets.

In related news, insider Thomas Gordon Beck Mason sold 32,352 shares of Oclaro stock in a transaction dated Tuesday, May 16th. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The shares were sold at an average price of $9.12, for a total transaction of $295,050.24. The disclosure for this sale can be found here. Insiders have sold a total of 82,419 shares of company stock valued at $745,338 over the last quarter. The Firm 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.