Oclaro, Inc. (NASDAQ:OCLR) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 9, 2016
Yesterday Oclaro, Inc. (NASDAQ:OCLR) traded -2.49% lower at $8.72. OCLR’s 50-day average is $8.40 and its two hundred day average is $6.03. With the last stock price up 49.05% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the date range. Volume of trade was down over the average, with 2,596,843 shares of OCLR changing hands under the typical 4,210,400
Zacks Investment Research has downgraded Oclaro, Inc. (NASDAQ:OCLR) to Hold in a report released on Wednesday October 05, 2016.
Previously on 10/03/2016, Jefferies reported on Oclaro, Inc. (NASDAQ:OCLR) increased the target price from $0.00 to $11.25. At the time, this indicated a possible upside of 0.32%.
With a total market value of $0, Oclaro, Inc. has PE ratio of 115.26 with a one year low of $2.37 and a one year high of $9.34 .
Also covering Oclaro, Inc.'s target, a total of 7 firms have reported on the stock. The 12-month price target is $6.71 with one broker rating the stock a strong buy, 6 brokerages rating the stock a buy, 1 firm rating the stock a hold, 0 brokers rating the stock a underperform, and finally zero equity analysts rating the company a sell.
Brief Synopsis About Oclaro, Inc. (NASDAQ:OCLR)
Oclaro, Inc. is a provider of optical components, modules and subsystems for the core optical transport, service provider, enterprise and data center markets. The Company provides various solutions for optical networks and interconnects driving the next wave of streaming video, cloud computing, application virtualization and other bandwidth-intensive and high-speed applications. The Company's product offerings include client side transceivers, line side transceivers, tunable laser transmitters, lithium niobate modulators, transponder modules, and discrete lasers and receivers. It designs, manufactures and markets optical components, modules and subsystems that generate, detect, combine and separate light signals in optical communications networks. The Company supplies transmission products at the component level and the module level into 10 gigabits per second (Gb/s), 40 Gb/s and 100 Gb/s communications solutions.
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