Transforming Network Infrastructure Industry News

TMCNet:  Hot Stock: Oclaro, Shares Drop 6.0% (OCLR)

[November 27, 2012]

Hot Stock: Oclaro, Shares Drop 6.0% (OCLR)

Nov 27, 2012 (SmarTrend(R) Spotlight via COMTEX) -- Oclaro (NASDAQ:OCLR) is one of today's worst performing low-priced stocks, down 6.0% to $1.96 on 1.5x average daily volume. Thus far today, Oclaro has traded 721,000 shares, vs. average volume of 486,000 shares per day. The stock has underperformed the Dow (-6.2% to the Dow's -0.3%) and underperformed the S&P 500 (-6.2% to the S&P's -0.3%) during today's trading.


Potential upside of 52.4% exists for Oclaro, based on a current level of $1.96 and analysts' average consensus price target of $2.99. Oclaro shares should first meet resistance at the 50-day moving average (MA) of $2.52 and find additional resistance at the 200-day MA of $3.15.

Oclaro share prices have moved between a 52-week high of $12.02 and a 52-week low of $1.11 and are now trading 77% above that low price at $1.96 per share. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has declined 1.7%.

Oclaro Inc. develops, manufactures, and provides optical solutions designs. The Company manufactures and markets optical components, modules, and subsystems used in a range of diversified markets, including telecommunications, data communications, aerospace, consumer optics, and semiconductors.

SmarTrend is monitoring the recent change of momentum in Oclaro. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Oclaro in search of a potential trend change.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

[ Back To Transforming Network Infrastructure's Homepage ]


Featured Blog Entries

The History of Fiber in Data Centers, Part II

As I stated at the close of "The History of Data Centers, Part I," Fiber Mountain™ believes data centers must evolve from hub and spoke architecture—in which traffic is aggregated and delivered to a central hub—to a design that includes many direct connections.

Three Things Your Boss Wants—No, Needs—To Know About Glass Core

Fiber Mountain™ CEO and Founder— plus my longtime friend—M.H. Raza does a terrific job on this blog of explaining how our Glass Core™ architecture transforms the way data centers build their network infrastructure.

The History of Fiber in Data Centers, Part I: Past and Present

Fiber Mountain, as our company name suggests, believes fiber cabling must play a central role in helping data centers scale affordably as bandwidth needs continue to grow. Before I go further down the path to the future, however, I want to back up and provide a high-level history of fiber in the data center.

Four Reasons to Make the Leap to SDN in Your Data Center

I'm always fascinated by what causes a business trend to emerge, grow and sometimes expand to actually redefining the industry as a whole. Having spent years in the technology field, I've found the networking sector particularly exciting in this regard because true innovation can and does transform entire segments of our industry. Revolutionary processes and technologies make past deployments and best practices look laughable in light of recent innovations.

Reflections From the Fiber Mountain Launch

Over the past weeks and months, the Fiber Mountain team has worked hard to prepare for our company launch at this year's Interop New York. In this post, I want to share our thoughts from the days leading up to the October 1st unveiling and about the event itself at the Jacob Javits Center in Manhattan.

Featured Event

ITEXPO Miami 2015

January 27 - 30, 2015
Miami Beach Convention Center
Miami, Florida

FEATURED KEYNOTE
9:30 - Wed. January 28
M. H. Raza
Fiber Mountain™
Founder & CEO





Video Showcase