Oclaro (OCLR) has an average broker rating of 1.22, which is interpreted as a Strong Buy, as rated by 9 equity analysts. Nonetheless, 8 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 1, which is also a Strong Buy.
Oclaro (OCLR) : The consensus price target for Oclaro (OCLR) is $7.78 for the short term with a standard deviation of $0.65. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $9, however, the pessimist price target for the company is $7.
Shares of Oclaro, Inc. rose by 2.87% in the last five trading days and 29.16% for the last 4 weeks. Oclaro, Inc. is up 71.14% in the last 3-month period. Year-to-Date the stock performance stands at 116.38%. Oclaro (NASDAQ:OCLR): stock turned positive on Tuesday. Though the stock opened at $7.38, the bulls momentum made the stock top out at $7.56 level for the day. The stock recorded a low of $7.367 and closed the trading day at $7.53, in the green by 2.03%. The total traded volume for the day was 2,961,734. The stock had closed at $7.38 in the previous days trading.
Oclaro, Inc. is a provider of optical components, modules and subsystems for the optical transport, service provider, enterprise and data center markets. The Company supplies optical network technology to telecommunication and data communication equipment companies across the world. The Company designs, manufactures and markets optical components, modules and subsystems that generate, detect, combine and separate light signals in optical communications networks. Its product offerings include client side transceivers, line side transceivers, tunable laser transmitters, lithium niobate modulators, transponder modules and receivers. The Company supplies optical products, including tunable lasers, external modulators, integrated lasers and modulators and receivers. The Company also supplies products at the module and subsystem levels, including transceivers, transponders and controlled subsystems.