Oclaro Company Profile (NASDAQ:OCLR)

Oclaro trades on the NASDAQ under the ticker symbol "OCLR."

Oclaro, Inc. (NASDAQ:OCLR) released its quarterly earnings data on Wednesday, August, 2nd. The company reported $0.19 EPS for the quarter, beating the Zacks' consensus estimate of $0.16 by $0.03. The company earned $149.38 million during the quarter, compared to the consensus estimate of $148.04 million. Oclaro had a net margin of 21.28% and a return on equity of 27.63%. Oclaro's quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.11 EPS. View Oclaro's Earnings History.

Oclaro is scheduled to release their next quarterly earnings announcement on Monday, October, 30th 2017. View Earnings Estimates for Oclaro.

11 analysts have issued twelve-month target prices for Oclaro's stock. Their predictions range from $11.75 to $21.00. On average, they expect Oclaro's share price to reach $13.39 in the next twelve months. View Analyst Ratings for Oclaro.

Here are some recent quotes from research analysts about Oclaro stock:

• 1. According to Zacks Investment Research, "Oclaro, with headquarters in San Jose, California, is a tier 1 provider of high performance optical components, modules and subsystems to the telecommunications market, and is one of the largest providers to metro and long haul network applications. Oclaro, the result of the combination of Bookham, Inc. and Avanex Corporation, leverages proprietary core technologies and vertically integrated product development to provide its customers with cost-effective and innovative optical devices, modules and subsystems. Its photonic technologies also serve selected potential high growth markets, including industrial, defense, life sciences, semiconductor, and scientific, with diversification providing both significant potential revenue streams and strategic technological advantage. Oclaro is a global company, with leading chip fabrication facilities in the UK, Switzerland and Italy, and manufacturing sites in the US, Thailand and China. " (8/9/2017)
• 2. Needham & Company LLC analysts commented, " Oclaro presented a strong, confident and upbeat outlook even as Neo was lowering guidance. Oclaro noted they have seen no inventory build at ZTE and even noted ZTE was "expediting orders". Oclaro points out they expect up Q-Q in CY1Q and are the only company guiding that way among the optical companies, even taking into account the late timing of orders in China, the impact of the decline in their 40G line and the full quarter impact of the annual price reductions. Oclaro expects new tenders in China in April and pointed to the emerging DCI and pre-5G markets in China as major new opportunities. Oclaro cited exceptionally strong ACO and opportunities for growth in Data Comm as differentiating their outlook. At just 7.9x EV/E, we think the shares are an exceptional value. We reiterate our Strong Buy and $14 Target Price." (3/15/2017)
• 3. Piper Jaffray Companies analysts commented, "Oclaro reported FQ2 results in-line with the company's positive preannouncement, and provided upbeat FQ3 guidance, with revenues, gross margin and operating income all coming in ahead of consensus expectations. Following these strong results, we believe Oclaro remains one of the best positioned optical companies to see this momentum continue throughout 2017, and believe sustained strength in China and ramping US Metro and Datacom orders represent three meaningful catalysts over the next several quarters. While we took our estimates higher, we believe upside still exists to this forecast due to OCLR's CFP2-ACO leadership, as well as management's history of providing conservative guidance. Given our positive 12 month outlook, we are reiterating our Overweight rating and increasing our price target from $13 to $15." (2/1/2017)
• 4. Jefferies Group LLC analysts commented, "CAVM reported 4Q results of $226M/$0.56, topping consensus ests of $225M/$0.54. Mgmt guided 1Q to $227M/$0.56, ahead of the Street’s $225M/$0.53 ests largely due to a favorable tax benefit. 1Q GM guidance of 66.0% was ~30bps ahead of consensus and expected to expand through 2017 as QLGC inventory issues abate. Mgmt noted all legacy-CAVM greenfield products are expected to grow meaningfully in 2017, driving 2/3 of legacy-CAVM growth, with core Octeon accounting for the remaining 1/3. Net, we forecast legacy-CAVM to grow 15-20% Y/Y in 2017 while QLGC grows ~8%." (2/1/2017)

Oclaro saw a drop in short interest in July. As of July 31st, there was short interest totalling 45,593,777 shares, a drop of 4.3% from the July 14th total of 47,646,779 shares. Based on an average daily trading volume, of 6,056,080 shares, the days-to-cover ratio is presently 7.5 days. Approximately 28.1% of the company's stock are sold short.

Some companies that are related to Oclaro include Finisar Corporation (FNSR), InterDigital (IDCC), Viavi Solutions (VIAV), West Corporation (WSTC), Acacia Communications (ACIA), Plantronics (PLT), Applied Optoelectronics (AAOI), Infinera Corporation (INFN), ADTRAN (ADTN), Vocera Communications (VCRA), Sierra Wireless (SWIR), Spirent Communications Plc (SPT), Comtech Telecommunications Corp. (CMTL), Sonus Networks (SONS), Gilat Satellite Networks (GILT), Harmonic (HLIT), Calix (CALX) and Digi International (DGII).

Oclaro's management team includes the folowing people:

• Marissa T. Peterson, Chairman of the Board
• Gregory P. Dougherty, Chief Executive Officer, Director
• Pete J. Mangan, Chief Financial Officer
• Yves LeMaitre, President - Optical Connectivity Business
• Beck Mason Ph.D., President - Integrated Photonics Business
• Craig S. Cocchi, Chief Operating Officer
• David Louis Teichmann, Executive Vice President, General Counsel, Corporate Secretary
• Lisa Paul, Executive Vice President - Human Resources
• James Douglas Haynes, Executive Vice President
• Adam Carter, Chief Commercial Officer

Oclaro's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (10.06%), Vanguard Group Inc. (4.98%), State Street Corp (2.30%), Ameriprise Financial Inc. (2.13%), Teachers Advisors LLC (1.66%) and Quentec Asset Management LLC (1.55%). Company insiders that own Oclaro stock include Adam Carter, David Teichmann, Edward B Collins, Greg Dougherty, James Douglas Haynes, Lisa Paul, Ltd Hitachi, Michael H Fernicola and Thomas Gordon Beck Mason. View Institutional Ownership Trends for Oclaro.

Oclaro's stock was sold by a variety of institutional investors in the last quarter, including Ameriprise Financial Inc., TIAA CREF Investment Management LLC, Teachers Advisors LLC, Capital Fund Management S.A., FMR LLC, Deltec Asset Management LLC, Victory Capital Management Inc. and Precept Management LLC. Company insiders that have sold Oclaro stock in the last year include David Teichmann, Greg Dougherty, James Douglas Haynes, Lisa Paul, Michael H Fernicola and Thomas Gordon Beck Mason. View Insider Buying and Selling for Oclaro.

Oclaro's stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Neumeier Poma Investment Counsel LLC, ING Groep NV, State Street Corp, Vanguard Group Inc., State of New Jersey Common Pension Fund D, Principal Financial Group Inc. and Bank of New York Mellon Corp. View Insider Buying and Selling for Oclaro.

Shares of Oclaro can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Oclaro stock can currently be purchased for approximately $8.31.