CEO, Dougherty Greg, sold 40,000 common shares of Oclaro, Inc. Vanguard Group Inc. now owns 7,060,853 shares of the semiconductor company's stock worth $69,337,000 after buying an additional 1,186,225 shares during the last quarter. Suntrust Banks Inc. boosted its stake in shares of Oclaro by 1.9% in the first quarter. Wellington Management Group LLP increased its position in shares of Oclaro by 30.5% in the first quarter. Long-term investors should review current trend forecasts and yearly or five-year trend graphs to understand whether the stock is bearish or bullish or to determine whether the company is performing well.
The stock volatility for week was 6.80% while for month was 5.12%.The stock, as of last close, traded 36.17% to its 52 week low and was changed -26.37% from its 52 week high. The stock decreased 4.26% or $0.37 during the last trading session, reaching $8.32. About shares traded. Integra Lifesciences Holdings Corp (NASDAQ:IART) has risen 32.67% since August 10, 2016 and is uptrending. The company has a market capitalization of $1.40 billion, a P/E ratio of 10.90 and a beta of 1.55. Oclaro Inc (NASDAQ:OCLR)'s price sits -9.7% off from its 50-day moving average of $9.63 and -4.96% away from the stock's 200-day moving average which is $9.36.
Oclaro (NASDAQ:OCLR) last issued its earnings results on Wednesday, August 2nd. Previously Century Aluminum C (NASDAQ:CENX) reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $-0.21 with surprise factor of -95.5%. Oclaro had a net margin of 21.28% and a return on equity of 27.63%.
Century Aluminum C (NASDAQ:CENX) has average revenue estimates of $393.17 Million, compared to low analyst estimates of $390.5 Million and high estimates of $396 Million for the current quarter. Over the last three months, the shares of the company have changed -6.62% and performed -11.86% over the last six months. The business's revenue was up 19.3% on a year-over-year basis. On average, equities analysts expect that Oclaro will post $0.74 earnings per share for the current fiscal year.
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Wall Street analysts are predicting that Century Aluminum C (NASDAQ:CENX) will report earnings per share of $0.24 in their quarterly report. Zacks Investment Research cut shares of Oclaro from a "hold" rating to a "sell" rating in a research report on Friday, May 5th. DA Davidson began coverage on Oclaro in a research report on Thursday, June 22nd. Finally, Jefferies Group LLC reiterated a "buy" rating and issued a $12.50 target price (up from $12.00) on shares of Oclaro in a report on Thursday, August 3rd. Cowen and Company reiterated an outperform rating and set a $14.00 target price (up previously from $13.00) on shares of Oclaro in a report on Thursday, August 3rd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Analysts on average have given a price target of $12.64 to Oclaro, Inc. stock. A total of 9.64 Million shares exchanged hands during the intra-day trade compared with its average trading volume of 9.34 Million shares, while its relative volume stands at 1.03. Following the completion of the sale, the executive vice president now owns 183,460 shares in the company, valued at approximately $1,682,328.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The shares were sold at an average price of $8.77, for a total value of $44,437.59. California Public Employees Retirement System now owns 250,224 shares of the semiconductor company's stock valued at $2,457,000 after buying an additional 4,300 shares during the last quarter. The disclosure for this sale can be found here. "(NASDAQ:OCLR) Shares Bought by UBS Asset Management Americas Inc." was first posted by Transcript Daily and is owned by of Transcript Daily.
According to Zacks, "Oclaro, with headquarters in San Jose, California, is a tier 1 provider of high performance optical components, modules and subsystems to the telecommunications market, and is one of the largest providers to metro and long haul network applications".