Oclaro (OCLR) Shows Strength: Stock Adds 8.7% in Session

Oclaro, Inc. OCLR was a big mover last session, as its shares rose almost 9% on the day. The move came after one of the fiber-optic networking specialist’s largest customers scored a major telecom contract in China. This breaks the recent trend of the company, as the stock is now trading above the volatile price range $8.34 to $9.64 in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Oclaro currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Oclaro, Inc. Price

 

Oclaro, Inc. Price | Oclaro, Inc. Quote

A better-ranked stock in the Fiber Optics space is Ciena Corporation CIEN, sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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