Over the past 50 days, Oclaro, Inc. stock's -23.88% off of the high and -3.93% removed from the low. During the same period in the prior year, the business posted $0.11 EPS. Finally, TRUE Private Wealth Advisors purchased a new position in shares of Oclaro during the first quarter worth approximately $342,000.
A number of institutional investors have recently made changes to their positions in OCLR.
Several hedge funds have recently modified their holdings of OCLR. Finally, Municipal Employees Retirement System of MI purchased a new position in Oclaro during the second quarter worth about $985,000.
Institutional investors now hold around $1.09 billion or 75% in OCLR stock. Teachers Advisors LLC boosted its stake in shares of Oclaro by 574.9% in the first quarter. As of the end of the quarter Tiaa Cref Investment Management LLC had disposed of 2,538,010 shares trimming its position 75.6%.
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Oclaro, Inc. (NASDAQ:OCLR) has a beta of 1.58, compared to a beta of 1 for the market, which implies that the stock's price movements are more extreme than the market as a whole.
Shares of Oclaro, Inc. Municipal Employees Retirement System of MI bought a new position in shares of Oclaro during the second quarter valued at approximately $985,000. During the same period a year ago, the firm posted $0.11 earnings per share. However a year ago for the same quarter the company has reported $0.14 EPS. "(OCLR) Stock Rating Lowered by Zacks Investment Research" was originally published by Rincon Hill News and is the property of of Rincon Hill News. If you are reading this news story on another publication, it was copied illegally and reposted in violation of United States & global copyright and trademark laws. Ameriprise Financial Inc. now owns 7,973,627 shares of the semiconductor company's stock valued at $78,300,000 after buying an additional 3,481,430 shares during the last quarter.
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%. The shares price has positioned 8.00% up over the past quarter while it has directed 3.23% toward a rising position throughout past six months. The legal version of this news story can be viewed at https://www.com-unik.info/2017/08/11/oclaro-inc-oclr-downgraded-by-bidaskclub-updated.html. Whale Rock Cap Mngmt Llc has invested 4.09% in Oclaro, Inc. The stock go up so far this year; showing a rise of 9.59% and dropped with negative flow of -2.03% during recent week. Stifel Nicolaus cut their price target on Oclaro from $11.00 to $10.00 and set a "buy" rating for the company in a report on Wednesday, May 3rd. As per Thursday, July 13, the company rating was maintained by Cowen & Co. According to Thomson Reuters, sell-side analysts are predicting a consensus target price of $19.70 on company stock. Needham maintained it with "Strong Buy" rating and $11 target in Monday, October 31 report. During the session shares traded on above-average volume. Also, insider Thomas Gordon Beck Mason sold 32,352 shares of the stock in a transaction that occurred on Tuesday, May 16th.
Oclaro, Inc is a provider of optical components, modules and subsystems for the core optical transport, service provider, enterprise and data center markets. The shares were sold at an average price of $9.17, for a total transaction of $45,850.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The disclosure for this sale can be found here. Insiders sold a total of 82,419 shares of company stock worth $745,338 in the last quarter. After this sale, 1,180,619 common shares of OCLR are directly owned by the insider, with total stake valued at $9,822,750. 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.