Oclaro Inc (NASDAQ:OCLR) – Analysts at DA Davidson cut their FY2018 EPS estimates for Oclaro in a note issued to investors on Tuesday. DA Davidson analyst M. Kelleher now anticipates that the semiconductor company will post earnings per share of $0.42 for the year, down from their previous forecast of $0.50. DA Davidson currently has a “Buy” rating and a $9.00 target price on the stock. DA Davidson also issued estimates for Oclaro’s Q2 2019 earnings at $0.09 EPS, Q3 2019 earnings at $0.11 EPS, Q4 2019 earnings at $0.12 EPS and FY2019 earnings at $0.41 EPS.

Oclaro (NASDAQ:OCLR) last issued its quarterly earnings results on Monday, February 5th. The semiconductor company reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.02. Oclaro had a return on equity of 23.17% and a net margin of 23.00%. The company had revenue of $139.30 million for the quarter, compared to analysts’ expectations of $138.83 million. During the same quarter last year, the business earned $0.21 earnings per share. Oclaro’s revenue was down 9.5% on a year-over-year basis.

A number of other research analysts have also recently commented on the company. Cowen restated a “buy” rating and issued a $8.00 price target on shares of Oclaro in a research report on Tuesday, February 6th. Stifel Nicolaus decreased their price target on Oclaro from $8.50 to $8.00 and set a “buy” rating on the stock in a research report on Tuesday, February 6th. B. Riley raised their price target on Oclaro from $8.25 to $8.50 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Jefferies Group cut Oclaro from a “buy” rating to a “hold” rating and set a $6.50 price target on the stock. in a research report on Friday, February 2nd. Finally, ValuEngine cut Oclaro from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $10.18.

Oclaro (OCLR) opened at $6.71 on Friday. Oclaro has a 12-month low of $5.61 and a 12-month high of $11.30. The company has a market capitalization of $1,120.00, a price-to-earnings ratio of 8.18, a P/E/G ratio of 1.18 and a beta of 1.14.

Several large investors have recently added to or reduced their stakes in the company. ProShare Advisors LLC grew its holdings in shares of Oclaro by 28.3% during the second quarter. ProShare Advisors LLC now owns 16,531 shares of the semiconductor company’s stock worth $154,000 after purchasing an additional 3,650 shares during the last quarter. Advisor Group Inc. grew its holdings in shares of Oclaro by 26.6% during the second quarter. Advisor Group Inc. now owns 22,945 shares of the semiconductor company’s stock worth $214,000 after purchasing an additional 4,820 shares during the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of Oclaro by 53.3% during the second quarter. Ameritas Investment Partners Inc. now owns 14,542 shares of the semiconductor company’s stock worth $136,000 after purchasing an additional 5,057 shares during the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of Oclaro by 52.3% during the second quarter. Cubist Systematic Strategies LLC now owns 22,520 shares of the semiconductor company’s stock worth $210,000 after purchasing an additional 7,730 shares during the last quarter. Finally, Bridge City Capital LLC grew its holdings in shares of Oclaro by 8.7% during the third quarter. Bridge City Capital LLC now owns 98,182 shares of the semiconductor company’s stock worth $847,000 after purchasing an additional 7,863 shares during the last quarter. Institutional investors own 70.69% of the company’s stock.

In other Oclaro news, insider Thomas Gordon Beck Mason sold 39,255 shares of Oclaro stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $7.22, for a total value of $283,421.10. Following the transaction, the insider now owns 171,226 shares in the company, valued at $1,236,251.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Lisa Paul sold 5,000 shares of Oclaro stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $7.45, for a total value of $37,250.00. Following the completion of the transaction, the executive vice president now owns 232,950 shares in the company, valued at approximately $1,735,477.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,271 shares of company stock worth $364,240. Company insiders own 2.00% of the company’s stock.

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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.

Earnings History and Estimates for Oclaro (NASDAQ:OCLR)

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