In a report released today, Mark Kelleher from D.A. Davidson maintained a Buy rating on Oclaro (NASDAQ: OCLR), with a price target of $9. The company’s shares closed on Friday at $9.05.
According to TipRanks.com, Kelleher is a 4-star analyst with an average return of 7.8% and a 54.7% success rate. Kelleher covers the Consumer Goods sector, focusing on stocks such as MACOM Technology Solutions Holdings Inc, Applied Optoelectronics, and Acacia Communications.
Oclaro has an analyst consensus of Moderate Buy, with a price target consensus of $10.16.
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The company has a one-year high of $10.49 and a one-year low of $5.61. Currently, Oclaro has an average volume of 5.38M.
Based on the recent corporate insider activity of 71 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.
