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Sell Oclaro For a 12.49% Win

Posted by on December 22, 2016 6:04 PM
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Categories: Stocks

December 22, 2016: Sell OCLR for a 12.49% profit in 7 days. Congratulations if you were able to make money on the trade.

December 21, 2016: Cowen reiterates Outperform rating on Oclaro, and sets a price target of $13.

December 14, 2016: Seeing more heavy call activity in Oclaro, 3400 Jan 8 calls trade at $0.35.

December 13, 2016: Heavy call activity detected in Oclaro, 1000 Apr 10 calls trade at $0.80. The heavy call buying is taking place near the uptrend line support.

November 2, 2016: Cowen raises the price target of Oclaro to $13 from $9 and reiterates an Outperform rating. Cowen says that Oclaro continues to see strong long-term growth and operating leverage ahead of forecasts. Cowen also sees downside protection from what they think will be ongoing industry consolidation.

November 2, 2016: The price target for Oclaro was raised to $11 from $10 at MKM Partners. MKM also reiterates their Buy rating.

November 1, 2016: Oclaro reports Q1 EPS of $0.14 versus the $0.10 estimate. Revenue also beat coming in at $135.5 million versus the $131 million estimate.

The CEO said, “The September quarter again demonstrated the continued strong performance of the Company and the vitality of the global 100G market. We exceeded our guidance in all areas, with revenue of $135 million producing higher than forecasted gross margin and operating income. I am particularly pleased by our gross margin of 34 percent and our GAAP and non-GAAP operating income of $18 million and $21 million, respectively. These results were driven by our 100G and beyond portfolio, where sales grew by approximately 20 percent for the fifth consecutive quarter. Based on the projected growth prospects for the data center, China, and Metro markets, we expect customer demand for our highly differentiated 100G and beyond portfolio to remain strong in fiscal 2017.”

Oclaro Stock Chart

The Finviz screener settings used to find Oclaro are: Forward P/E Low (<15), EPS growth this year High (>25%), Sales growth qtr over qtr High (>25%)

Oclaro, Inc. is a leader in optical components, modules, and subsystems for the core optical, enterprise and data center markets.

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Lance Jepsen

For ethical purposes, I try not to hold any position in any stock I profile on unless specifically stated in the article. Owner of Seasoned entrepreneur, investor, and writer. I love God, family, country, stock trading, economics, and helping people learn how to trade.
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