Company Shares of Oclaro Rally 4.33%

Oclaro (NASDAQ:OCLR) has climbed 4.33% in the past week and advanced 15.79% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 5.58% and the outperformance has advanced to 14.73% for the last 4 weeks period.

Oclaro (NASDAQ:OCLR): The stock was completely flat for the day, closing at $5.06 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $5.22, the stock touched an intraday high of $5.26 and a low of $5.04. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $5.06. The total trading volume on Friday was 2,805,493.

The company shares have rallied 88.10% from its 1 Year high price. On May 4, 2016, the shares registered one year high at $5.69 and the one year low was seen on Jul 8, 2015. The 50-Day Moving Average price is $4.86 and the 200 Day Moving Average price is recorded at $4.41.

On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the CEO of Oclaro, Inc., Dougherty Greg had purchased shares worth of $41,200 in a transaction dated on May 19, 2015. A total of 20,000 shares were purchased at a price of $2.06 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Many analysts have stated their opinion on the company shares. Drexel Hamilton initiates coverage on Oclaro (NASDAQ:OCLR). According to the latest information available, the shares are now rated Hold by the analysts at the agency. The rating by the firm was issued on April 8, 2016. Currently the company Insiders own 2.3% of Oclaro shares according to the proxy statements. Institutional Investors own 77.44% of Oclaro shares.

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.

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