Oclaro (OCLR) : Average target price received by Oclaro (OCLR) is $6.86 with an expected standard deviation of $0.35. The most aggressive target on the stock is $8, whereas the most downbeat target is $7. 7 financial analysts are currently covering the stock.
Oclaro (OCLR) has witnessed a rise of 1.5% or 418,234 shares in its short figure. The short interest augmentation took it from 27,292,612 on June 15,2016 to 27,710,846 on June 30,2016. In terms of floated shares, the short interest was calculated to be 26.3%. The days to cover are 14 given that the daily volume averaged 1,958,174 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Drexel Hamilton initiates coverage on Oclaro (NASDAQ:OCLR). The rating major has initiated the coverage with hold rating on the shares. The rating by the firm was issued on April 8, 2016.
Oclaro (NASDAQ:OCLR): stock turned positive on Thursday. Though the stock opened at $5.07, the bulls momentum made the stock top out at $5.15 level for the day. The stock recorded a low of $4.98 and closed the trading day at $5.1, in the green by 0.39%. The total traded volume for the day was 2,269,550. The stock had closed at $5.08 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.