Oclaro, Inc. (OCLR) CAO Michael H. Fernicola Sells 7,016 Shares of Stock

Oclaro, Inc. (NASDAQ:OCLR) CAO Michael H. Fernicola sold 7,016 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $6.21, for a total value of $43,569.36. Following the transaction, the chief accounting officer now directly owns 81,378 shares of the company’s stock, valued at $505,357.38. The sale was disclosed in a filing with the SEC, which is available at this link.

Oclaro, Inc. (NASDAQ:OCLR) traded down $0.20 during mid-day trading on Wednesday, hitting $6.09. The stock had a trading volume of 3,890,700 shares, compared to its average volume of 8,725,605. Oclaro, Inc. has a 1-year low of $5.86 and a 1-year high of $11.30. The firm has a market capitalization of $1,020.00, a PE ratio of 8.06, a price-to-earnings-growth ratio of 0.92 and a beta of 1.41.

Oclaro (NASDAQ:OCLR) last issued its earnings results on Wednesday, November 1st. The semiconductor company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.02. The business had revenue of $155.60 million for the quarter, compared to analyst estimates of $154.51 million. Oclaro had a return on equity of 28.11% and a net margin of 24.31%. The business’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period last year, the company posted $0.14 EPS. equities research analysts anticipate that Oclaro, Inc. will post 0.51 earnings per share for the current fiscal year.

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A number of equities analysts have recently issued reports on OCLR shares. Raymond James Financial, Inc. started coverage on Oclaro in a research note on Thursday, September 14th. They set a “strong-buy” rating and a $12.00 target price for the company. MKM Partners reissued a “buy” rating and set a $12.00 target price (up from $10.50) on shares of Oclaro in a research note on Wednesday, July 26th. BidaskClub downgraded Oclaro from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Jefferies Group LLC restated a “buy” rating and issued a $12.50 price target on shares of Oclaro in a report on Wednesday, November 1st. Finally, Northland Securities restated a “buy” rating and issued a $12.75 price target on shares of Oclaro in a report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $12.67.

Several institutional investors and hedge funds have recently modified their holdings of OCLR. UBS Asset Management Americas Inc. raised its position in shares of Oclaro by 20.9% in the 1st quarter. UBS Asset Management Americas Inc. now owns 57,069 shares of the semiconductor company’s stock worth $560,000 after buying an additional 9,870 shares during the period. California Public Employees Retirement System raised its position in shares of Oclaro by 1.7% in the 1st quarter. California Public Employees Retirement System now owns 250,224 shares of the semiconductor company’s stock worth $2,457,000 after buying an additional 4,300 shares during the period. Vanguard Group Inc. raised its position in shares of Oclaro by 20.2% in the 1st quarter. Vanguard Group Inc. now owns 7,060,853 shares of the semiconductor company’s stock worth $69,337,000 after buying an additional 1,186,225 shares during the period. Geode Capital Management LLC raised its position in shares of Oclaro by 16.8% in the 1st quarter. Geode Capital Management LLC now owns 1,748,865 shares of the semiconductor company’s stock worth $17,173,000 after buying an additional 251,717 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Oclaro by 8.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,475,371 shares of the semiconductor company’s stock worth $24,309,000 after buying an additional 191,070 shares during the period. 71.36% of the stock is currently owned by institutional investors and hedge funds.

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.

Insider Buying and Selling by Quarter for Oclaro (NASDAQ:OCLR)

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