Shares of Oclaro, Inc. (OCLR) Sees Large Inflow of Net Money Flow

Oclaro, Inc. (OCLR) dropped by -1.12 or -0.11 points during the last session to $9.7 per share. One of the highlights of the day was the net money flow figure, which stood at $2.44 million even as the stock accepted $12.51 million in upticks but rejected $10.07 million in downticks. The up/down ratio for the last observation was a 1.24. The 1-week percentage change for the stock price is registered at -2.61%.A block transaction occurred with $2.36 million in upticks and $0.31 million in downticks while the up/down ratio was calculated to be 7.52. The stock witnessed a net inflow of $2.05 million at the end of the block trade.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Oclaro, Inc. has dropped 7.44% in the last five trading days, however, the shares have posted positive gains of 5.59% in the last 4 weeks. Oclaro, Inc. is up 29.27% in the last 3-month period. Year-to-Date the stock performance stands at 5.59%. Oclaro, Inc. (NASDAQ:OCLR) witnessed a decline in the market cap on Wednesday as its shares dropped 3.67% or 0.36 points. After the session commenced at $9.82, the stock reached the higher end at $9.86 while it hit a low of $8.77. With the volume soaring to 11,618,757 shares, the last trade was called at $9.45. The company has a 52-week high of $10.35. The company has a market cap of $1,568 million and there are 165,915,160 shares in outstanding. The 52-week low of the share price is $3.39.

Company has reported several Insider transactions to the SEC, on Dec 15, 2016, Thomas Gordon Beck Mason (President, IPB) sold 7,566 shares at 8.35 per share price.On Dec 8, 2016, Michael H Fernicola (Principal Accounting Officer) sold 43,709 shares at 8.23 per share price.On Dec 5, 2016, Lisa Paul (EVP of Human Resources) sold 5,000 shares at 8.79 per share price.

Oclaro Last issued its quarterly earnings results on Jan 31, 2017. The company reported $0.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.03. Analyst had a consensus of $0.18. The company had revenue of $153.90 million for the quarter, compared to analysts expectations of $152.71 million. The companys revenue was up 63.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.

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. Oclaro, the result of the combination of Bookham, Inc. and Avanex Corporation, leverages proprietary core technologies and vertically integrated product development to provide its customers with cost-effective and innovative optical devices, modules and subsystems. Its photonic technologies also serve selected potential high growth markets, including industrial, defense, life sciences, semiconductor, and scientific, with diversification providing both significant potential revenue streams and strategic technological advantage. Oclaro is a global company, with leading chip fabrication facilities in the UK, Switzerland and Italy, and manufacturing sites in the US, Thailand and China.


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