Oclaro (OCLR) : 8 brokerage houses believe that Oclaro (OCLR) is a Strong Buy at current levels. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Oclaro (OCLR). Zacks Investment Research suggests a Strong Buy with a rank of 1.The median of all the 9 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.22.
Oclaro (OCLR) : The highest level Oclaro (OCLR) is projected to reach is $10 for the short term and the lowest estimate is at $7. The consolidated price target from 8 rating analysts who initiate coverage on the stock is $8.59 and the possibility the share price can swing is $1.12.
Also, Cowen & Company initiates coverage on Oclaro (NASDAQ:OCLR). The shares have now been rated Outperform by the stock experts at the ratings house. The rating by the firm was issued on August 8, 2016.
Oclaro (NASDAQ:OCLR): After opening at $8.55, the stock dipped to an intraday low of $8.55 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $8.95 and the buying power remained strong till the end. The stock closed at $8.84 for the day, a gain of 2.79% for the day session. The total traded volume was 4,652,230. The stocks close on the previous trading day was $8.6.
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.