.jpg "B.Riley FBR Keeps Their Hold Rating on Oclaro")
B.Riley FBR analyst Dave Kang maintained a Hold rating on Oclaro (NASDAQ: OCLR) today and set a price target of $9.50. The company’s shares opened today at $8.57.
According to TipRanks.com, Kang is a 5-star analyst with an average return of 19.2% and a 64.1% success rate. Kang covers the Consumer Goods sector, focusing on stocks such as Applied Optoelectronics, Acacia Communications, and Lumentum Holdings.
Oclaro has an analyst consensus of Hold, with a price target consensus of $10.49.
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Based on Oclaro’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $10.81 million. In comparison, last year the company had a net profit of $38.21 million.
Based on the recent corporate insider activity of 75 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of OCLR in relation to earlier this year. Most recently, in March 2018, Maitre Yves Le, the Pres., Optical Connect. Bus. of OCLR bought 4,875 shares for a total of $29,981.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Oclaro, Inc. designs, manufactures, and markets optical components, modules, and subsystems for optical transport, metro networks, enterprise networks, and data centers. It offers differentiated solutions for optical networks and high-speed interconnects for streaming video, cloud computing, application virtualization and other bandwidth-intensive and high-speed applications. The company was founded on April 27, 2009 and is headquartered in San Jose, CA.
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