Are Analysts Bullish about Oclaro, Inc. (NASDAQ:OCLR) after last week?

September 16, 2018 - By Jason Grubb

Oclaro, Inc. (NASDAQ:OCLR) LogoInvestors sentiment increased to 1.04 in Q2 2018. Its up 0.31, from 0.73 in 2018Q1. It is positive, as 24 investors sold Oclaro, Inc. shares while 57 reduced holdings. 33 funds opened positions while 51 raised stakes. 106.05 million shares or 5.49% less from 112.22 million shares in 2018Q1 were reported.
Jane Street Group Ltd Liability Corp reported 23,406 shares or 0% of all its holdings. Parallax Volatility Advisers L P accumulated 0% or 22,815 shares. The Illinois-based Citadel Limited Liability Corp has invested 0.01% in Oclaro, Inc. (NASDAQ:OCLR). Employees Retirement Association Of Colorado holds 0% or 8,666 shares. Brinker Cap reported 0% of its portfolio in Oclaro, Inc. (NASDAQ:OCLR). 12,578 are held by Shelton Cap Mgmt. Gp One Trading Ltd Partnership invested 0% of its portfolio in Oclaro, Inc. (NASDAQ:OCLR). Alliancebernstein L P reported 0% in Oclaro, Inc. (NASDAQ:OCLR). Susquehanna Int Limited Liability Partnership holds 241,044 shares or 0% of its portfolio. 357,900 were accumulated by Omers Administration. Peconic Prtnrs Ltd Co has 0.02% invested in Oclaro, Inc. (NASDAQ:OCLR) for 15,000 shares. Natl Bank Hapoalim Bm accumulated 72,740 shares or 0.18% of the stock. Profund Advisors Limited Co accumulated 0.01% or 35,086 shares. United Svcs Automobile Association reported 0% stake. Morgan Stanley reported 893,050 shares.

Oclaro, Inc. (NASDAQ:OCLR) Ratings Coverage

Among 4 analysts covering Oclaro (NASDAQ:OCLR), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Oclaro had 5 analyst reports since March 19, 2018 according to SRatingsIntel. Northland Capital maintained the stock with “Buy” rating in Monday, March 19 report. Morgan Stanley maintained Oclaro, Inc. (NASDAQ:OCLR) on Wednesday, April 11 with “Equal-Weight” rating. The rating was maintained by Northland Capital on Tuesday, April 17 with “Buy”. The stock of Oclaro, Inc. (NASDAQ:OCLR) earned “Neutral” rating by FBR Capital on Wednesday, May 9. Below is a list of Oclaro, Inc. (NASDAQ:OCLR) latest ratings and price target changes.

11/06/2018 Broker: DA Davidson Old Rating: Buy New Rating: Buy New Target: $9 Terminates
09/05/2018 Broker: FBR Capital Old Rating: Neutral New Rating: Neutral Old Target: $10 New Target: $9.5 Maintain
17/04/2018 Broker: Northland Capital Rating: Buy New Target: $11.2500 Maintain
11/04/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $8 New Target: $10 Maintain
19/03/2018 Broker: Northland Capital Rating: Buy New Target: $11.5 Maintain

The stock increased 0.66% or $0.06 during the last trading session, reaching $9.09. About 1.00M shares traded. Oclaro, Inc. (NASDAQ:OCLR) has risen 6.59% since September 16, 2017 and is uptrending. It has underperformed by 9.03% the S&P500.

Oclaro, Inc. designs, manufactures, and markets optical components, modules, and subsystems for the long-haul, metro, and data center markets worldwide. The company has market cap of $1.55 billion. The companyÂ’s products generate, detect, combine, and separate light signals in optical communications networks. It has a 25.25 P/E ratio. It offers client side transceivers, including pluggable transceivers; line side transceivers; tunable laser transmitters, such as discrete lasers and co-packaged laser modulators; lithium niobate modulators to manipulate the phase or the amplitude of an optical signal; transponder modules for transmitter and receiver functions; and discrete lasers and receivers for metro and long-haul applications.

Oclaro, Inc. (NASDAQ:OCLR) Institutional Positions Chart

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