Oclaro, Inc. (NASDAQ:OCLR) Revisions on Target Price

Oclaro, Inc. (NASDAQ:OCLR) stock exchanged hands 20.05M shares versus average trading capacity of 11.52M shares, yielding a market cap of $1.34B. Wall Street analysts covering the stock are projecting that the stock will reach $12.33 within the next 52-weeks. The mean target projections are based on 9 opinions, the mean target was last revised on 05/02/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Oclaro, Inc. (NASDAQ:OCLR) high price target of $15.50 and with a conservative view have low price target of $10.00 with a standard deviation of $1.94. If seeing target price from optimistic overview then it has a 89 percent upside potential from the latest closing price of $8.19.

Oclaro, Inc. (NASDAQ:OCLR) “Reiterated” by Stifel in a research note issued to investors on May-03-17 as Buy from $11 to $10.

Additionally on Nov-02-16 Oclaro, Inc. (NASDAQ:OCLR) was “Reiterated” by Stifel as Buy from $10 to $11 and on Nov-02-16 the stock was “Reiterated” by Needham as StrongBuy from $11 to $14. Furthermore on Nov-02-16 the stock was “Reiterated” by MKM Partners as Buy from $10 to $11.

On the other hand the company has Relative Strength Index (RSI 14) of 40.41 along with Average True Range (ATR 14) of 0.53, Consequently Oclaro, Inc. (NASDAQ:OCLR) weekly and monthly volatility is 8.66%, 6.02% respectively. The company’s beta value is at 1.64.

In terms of Buy, Sell or Hold recommendations, Oclaro, Inc. (NASDAQ:OCLR) has analysts’ mean recommendation of 1.80. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Analysts who have weighed in on projected earnings growth are expecting that Oclaro, Inc. (NASDAQ:OCLR) will report earnings of $0.17 for the current quarter, however the company’s high EPS estimates are $0.16 and low estimates are $0.16. However the company reported $0.11 earnings per share for the same quarter during last year.

Previously Oclaro, Inc. (NASDAQ:OCLR) reported $0.22 earnings per share (EPS) for the quarter on 5/2/2017 After Market Close, beating the consensus estimate of $0.18 by $0.04. The company posted an earnings surprise of 22.22%.

While considering growth estimates of the company, it has next quarter growth estimates of 21.40% whereas during current quarter it has 54.50% estimations over growth, comparing to the estimations of 347.10% during current year and -2.60% for next year. Next 5 years growth of Oclaro, Inc. (NASDAQ:OCLR) observed at 15.00%.

Oclaro, Inc. (NASDAQ:OCLR) revenue estimates for the current quarter are $149.64M according to 10 number of analysts, for the current quarter the company has high revenue estimates of $165M in contradiction of low revenue estimates of $145.96M. For the current year the company’s revenue estimates are $599.65M compared to low analyst estimates of $597.6M and high estimates of $600.6 according 10 number of analysts.

Currently Oclaro, Inc. (NASDAQ:OCLR) shares owned by insiders are 2.60%, whereas shares owned by institutional owners are 69.50%. However the six-month change in the insider ownership was recorded -11.23%, as well as three-month change in the institutional ownership was recorded 0.99%.

Oclaro, Inc. (NASDAQ:OCLR) trading -27.52% away from its 52 week high of $11.30 and +92.71% far from the stock’s low point over the past 52 weeks, which was $4.25. The stock hit its 52-week high on 02/21/17, and 52-week low on 05/19/16. The company’s trailing twelve month income is 45.60M dollars.

Oclaro, Inc. (NASDAQ:OCLR) trailing twelve month revenues are $515.60M, whereas its price to sales ratio for the same period is 2.62. Its book value per share for the most recent quarter is $2.46 while its price to book ratio for the same period is 3.33, as for as the company’s cash per share for the most recent quarter is $1.47, however its price to cash per share ratio for the same period is 5.57. The stock has a current PEG ratio of 1.81 where as its trailing twelve month P/E ratio is 27.12.

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