Oclaro, Inc (NASDAQ:OCLR) shares up by 6.96%

by Tom Carlson | Thursday, Jun 20, 2013 | 574 views

Northern, WI 06/20/2013 (usastockreport) – The share prices of Oclaro, Inc (NASDAQ:OCLR) had been traded in the price range of $1.16 and $1.26 per share on Wednesday. The company’s share price had had gradually increased by 6.96 percent, with a closing price of $1.23 per share. The share price of does not made a change in the 52 week low value $0.99 per share and 52 week high value $3.19 per share.

Oclaro, Inc (NASDAQ:OCLR) is a provider of optical Communications and laser components,modules and subsystems for a range of markets, including telecommunications(telecom),industrial, scientific, Consumer electronics and medical. The company’s product offerings include tunable laser, lithium niobate external modulators, pump laser chips,thin film filters,and amplifiers.

OCLR announced a change of directors in June and confirmed the changes with a recent filing of a Form8-K with the SEC.The Form 8-K confirms the retirement of the company’s chairman and CEO Alan Couder,which took effect June 06,2013.OCLR confirmed that board member Greg Dougherty had been promoted to CEO effective the date of Couder’s departure and also that Marissa Peterson,another board member assumed the role of chair.

The announcements have so far affected market valuation positively with OCLR’s technical chart showing a northward slope since the start of June. The stock has a RSI of 57.61 and 0.03 cents above its SMA50 of 1.16. In May OCLR showcased an expanded and innovative laser diode portfolio at the LASER World of PHOTONICS conference held in Munich May 14, 2013. These systems enables fiber manufactures to reduce system complexity and achieve high power with fewer modules.

The market capitalization value is about 113.95 million and institutional investors share’s percent is about 36. Oclaro, Inc (NASDAQ:OCLR) has been having an average volume as 1.32 million per day on Wednesday. The company presently holds 92.64 million shares outstanding in the market.

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