Oclaro, Inc. s in-depth stock price analysis indicates that the stock price has dropped -3.65% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 26.7% . Looking at the past 52 week period, the stock price is up at 122.25% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Oclaro, Inc. has a positive value of 65.74 compared to overall market. Oclaro, Inc. (NASDAQ:OCLR) has tumbled 3.26% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 11.78% in the last four weeks. The stocks have underperformed the S&P 500 by 4.04% during the past week but Oclaro, Inc. (NASDAQ:OCLR) it has outperformed the index in 4 weeks by 9.78%.
Oclaro, Inc. (NASDAQ:OCLR) : On Friday heightened volatility was witnessed in Oclaro, Inc. (NASDAQ:OCLR) which led to swings in the share price. The stock opened for trading at $9.52 and hit $9.55 on the upside , eventually ending the session at $9.49, with a gain of 0.53% or 0.05 points. The heightened volatility saw the trading volume jump to 9,102,368 shares. The 52-week high of the share price is $10.35 and the company has a market cap of $1,581 million. The 52-week low of the share price is at $3.85 .
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.
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, 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.