Analysts See $0.11 EPS for EMCORE (EMKR); Ocular Sciences Has 1.51 Sentiment

November 15, 2017 - By Maria Brooks

Analysts expect EMCORE Corporation (NASDAQ:EMKR) to report $0.11 EPS on December, 6.They anticipate $0.03 EPS change or 37.50% from last quarter’s $0.08 EPS. EMKR’s profit would be $2.96M giving it 16.93 P/E if the $0.11 EPS is correct. After having $0.09 EPS previously, EMCORE Corporation’s analysts see 22.22% EPS growth. It closed at $7.45 lastly. It is down 148.03% since November 15, 2016 and is uptrending. It has outperformed by 131.33% the S&P500.

Oclaro, Inc. is a provider of optical components, modules and subsystems for the core optical transport, service provider, enterprise and data center markets. The company has market cap of $1.03 billion. The Firm provides various solutions for optical networks and interconnects driving the next wave of streaming video, cloud computing, application virtualization and other bandwidth-intensive and high-speed applications. It has a 6.86 P/E ratio. The Company’s product offerings include client side transceivers, line side transceivers, tunable laser transmitters, lithium niobate modulators, transponder modules, and discrete lasers and receivers.

Ratings analysis reveals 100% of Oclaro’s analysts are positive. Out of 4 Wall Street analysts rating Oclaro, 4 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $10.0 while the high is $11.25. The stock’s average target of $10.56 is 73.40% above today’s ($6.09) share price. OCLR was included in 4 notes of analysts from August 30, 2016. The firm has “Buy” rating by Stifel Nicolaus given on Tuesday, September 6. As per Tuesday, August 30, the company rating was maintained by Needham. The firm earned “Buy” rating on Wednesday, November 2 by M Partners. Jefferies initiated Oclaro Inc (NASDAQ:OCLR) rating on Monday, October 3. Jefferies has “Buy” rating and $11.25 target.

Analysts await Oclaro Inc (NASDAQ:OCLR) to report earnings on January, 30. They expect $0.11 EPS, down 42.11% or $0.08 from last year’s $0.19 per share. OCLR’s profit will be $18.60M for 13.84 P/E if the $0.11 EPS becomes a reality. After $0.18 actual EPS reported by Oclaro Inc for the previous quarter, Wall Street now forecasts -38.89% negative EPS growth.

Kopp Investment Advisors Llc holds 7.89% of its portfolio in Oclaro Inc for 944,066 shares. 1492 Capital Management Llc owns 363,554 shares or 2.99% of their US portfolio. Moreover, Sg Capital Management Llc has 2.58% invested in the company for 1.56 million shares. The New York-based Quentec Asset Management Llc has invested 1.86% in the stock. Paradigm Capital Management Inc Ny, a New York-based fund reported 2.02 million shares.

The stock decreased 3.18% or $0.2 during the last trading session, reaching $6.09. About 250 shares traded. Oclaro Inc (OCLR) has risen 92.74% since November 15, 2016 and is uptrending. It has outperformed by 76.04% the S&P500.

Among 4 analysts covering Emcore (NASDAQ:EMKR), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Emcore had 13 analyst reports since July 28, 2015 according to SRatingsIntel. Northland Capital maintained the shares of EMKR in report on Wednesday, December 9 with “Outperform” rating. The company was maintained on Monday, November 9 by Northland Capital. The rating was initiated by Lake Street with “Buy” on Tuesday, March 8. The stock has “Outperform” rating by Northland Capital on Tuesday, July 28. Lake Street maintained EMCORE Corporation (NASDAQ:EMKR) on Wednesday, February 8 with “Buy” rating. On Monday, September 11 the stock rating was maintained by Northland Capital with “Buy”. The firm earned “Buy” rating on Monday, October 16 by Northland Capital. The firm has “Buy” rating given on Thursday, October 20 by Dougherty & Company. The company was maintained on Wednesday, February 8 by Dougherty & Company. The company was downgraded on Thursday, June 29 by B. Riley & Co.

Investors sentiment decreased to 1.18 in 2017 Q2. Its down 0.51, from 1.69 in 2017Q1. It dived, as 12 investors sold EMCORE Corporation shares while 28 reduced holdings. 18 funds opened positions while 29 raised stakes. 19.95 million shares or 1.70% more from 19.62 million shares in 2017Q1 were reported. Campbell & Company Inv Adviser Lc, a Maryland-based fund reported 14,645 shares. 378,575 were reported by Millrace Asset Grp Incorporated. Bard Assoc holds 0.08% or 17,500 shares in its portfolio. Susquehanna International Gp Llp has 16,448 shares for 0% of their portfolio. Moreover, Bank Of Mellon has 0% invested in EMCORE Corporation (NASDAQ:EMKR) for 187,452 shares. Vanguard Grp Incorporated reported 1.17 million shares stake. Comml Bank Of America De owns 36 shares for 0% of their portfolio. California State Teachers Retirement Sys accumulated 47,705 shares. Metropolitan Life Insur Ny invested 0% in EMCORE Corporation (NASDAQ:EMKR). Chicago Equity Ptnrs Limited Liability Company stated it has 77,845 shares. The Virginia-based Thompson Davis has invested 0.09% in EMCORE Corporation (NASDAQ:EMKR). The New Jersey-based Systematic Management Limited Partnership has invested 0.07% in EMCORE Corporation (NASDAQ:EMKR). Huntington Bancorp holds 0% or 3,153 shares in its portfolio. Bancorporation Of Montreal Can stated it has 18,532 shares or 0% of all its holdings. New York State Common Retirement Fund stated it has 420,653 shares.

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