$141.85 Million in Sales Expected for Oclaro Inc (OCLR) This Quarter

Analysts forecast that Oclaro Inc (NASDAQ:OCLR) will report $141.85 million in sales for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Oclaro’s earnings. The highest sales estimate is $152.10 million and the lowest is $138.97 million. Oclaro reported sales of $153.91 million during the same quarter last year, which indicates a negative year over year growth rate of 7.8%. The company is expected to issue its next quarterly earnings results on Tuesday, January 30th.

According to Zacks, analysts expect that Oclaro will report full-year sales of $141.85 million for the current fiscal year, with estimates ranging from $559.30 million to $615.20 million. For the next year, analysts expect that the business will report sales of $636.65 million per share, with estimates ranging from $571.10 million to $678.50 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Oclaro.

Oclaro (NASDAQ:OCLR) last issued its quarterly earnings data on Wednesday, November 1st. The semiconductor company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.02. The business had revenue of $155.60 million during the quarter, compared to the consensus estimate of $154.51 million. Oclaro had a net margin of 24.31% and a return on equity of 28.11%. The company’s revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.14 EPS.

Several analysts have recently weighed in on OCLR shares. Needham & Company LLC downgraded shares of Oclaro from a “buy” rating to a “hold” rating in a research report on Monday, December 18th. Jefferies Group restated a “buy” rating and set a $12.50 price objective on shares of Oclaro in a research report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Oclaro from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. DA Davidson restated a “buy” rating and set a $11.00 price objective on shares of Oclaro in a research report on Thursday, November 2nd. Finally, Craig Hallum downgraded shares of Oclaro from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Oclaro presently has a consensus rating of “Buy” and a consensus price target of $12.67.

Shares of Oclaro (NASDAQ OCLR) opened at $6.96 on Friday. The firm has a market cap of $1,170.00, a P/E ratio of 7.82, a PEG ratio of 1.04 and a beta of 1.30. Oclaro has a 12-month low of $5.86 and a 12-month high of $11.30.

In other news, EVP Lisa Paul sold 5,000 shares of Oclaro stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $7.45, for a total value of $37,250.00. Following the transaction, the executive vice president now directly owns 232,950 shares of the company’s stock, valued at approximately $1,735,477.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Michael H. Fernicola sold 7,016 shares of Oclaro stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $6.21, for a total transaction of $43,569.36. Following the completion of the transaction, the chief accounting officer now directly owns 81,378 shares in the company, valued at $505,357.38. The disclosure for this sale can be found here. Insiders sold a total of 51,271 shares of company stock worth $364,240 over the last ninety days. Corporate insiders own 2.00% of the company’s stock.

Several institutional investors have recently made changes to their positions in OCLR. Everence Capital Management Inc. acquired a new position in shares of Oclaro in the 3rd quarter valued at $110,000. Shelton Capital Management acquired a new position in shares of Oclaro in the 2nd quarter valued at $117,000. Ameritas Investment Partners Inc. increased its holdings in shares of Oclaro by 53.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 14,542 shares of the semiconductor company’s stock valued at $136,000 after acquiring an additional 5,057 shares during the period. GLG Partners LP acquired a new position in shares of Oclaro in the 2nd quarter valued at $140,000. Finally, Sei Investments Co. increased its holdings in shares of Oclaro by 150.9% in the 3rd quarter. Sei Investments Co. now owns 17,105 shares of the semiconductor company’s stock valued at $147,000 after acquiring an additional 10,288 shares during the period. 70.59% of the stock is currently owned by institutional investors and hedge funds.

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Oclaro Company Profile

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 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.

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