Oclaro Inc (OCLR) Expected to Post Quarterly Sales of $126.95 Million
Equities analysts predict that Oclaro Inc (NASDAQ:OCLR) will report $126.95 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Oclaro’s earnings. The highest sales estimate is $135.00 million and the lowest is $124.09 million. Oclaro reported sales of $162.18 million during the same quarter last year, which would suggest a negative year over year growth rate of 21.7%. The business is expected to announce its next quarterly earnings results on Tuesday, May 1st.
On average, analysts expect that Oclaro will report full year sales of $126.95 million for the current year, with estimates ranging from $549.00 million to $559.30 million. For the next fiscal year, analysts forecast that the business will report sales of $586.13 million per share, with estimates ranging from $565.00 million to $605.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Oclaro.
Oclaro (NASDAQ:OCLR) last issued its quarterly earnings results on Monday, February 5th. The semiconductor company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The company had revenue of $139.30 million during the quarter, compared to analyst estimates of $138.83 million. Oclaro had a net margin of 23.00% and a return on equity of 23.17%. The business’s revenue for the quarter was down 9.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.21 EPS.
In other news, EVP Lisa Paul sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $7.45, for a total transaction of $37,250.00. Following the sale, the executive vice president now owns 232,950 shares in the company, valued at $1,735,477.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David Teichmann sold 24,962 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $6.41, for a total transaction of $160,006.42. Following the sale, the executive vice president now owns 349,305 shares in the company, valued at approximately $2,239,045.05. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.
Several hedge funds have recently added to or reduced their stakes in OCLR. SeaCrest Wealth Management LLC acquired a new stake in shares of Oclaro during the fourth quarter valued at approximately $119,000. Ameritas Investment Partners Inc. raised its holdings in shares of Oclaro by 53.3% during the second 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. Sei Investments Co. raised its holdings in shares of Oclaro by 150.9% during the third 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. Meadow Creek Investment Management LLC acquired a new stake in shares of Oclaro during the fourth quarter valued at approximately $147,000. Finally, Xact Kapitalforvaltning AB acquired a new stake in shares of Oclaro during the fourth quarter valued at approximately $156,000. Institutional investors and hedge funds own 66.77% of the company’s stock.
Shares of Oclaro (NASDAQ:OCLR) opened at $7.41 on Monday. The firm has a market cap of $1,255.49, a P/E ratio of 9.04, a PEG ratio of 1.29 and a beta of 0.91. Oclaro has a one year low of $5.61 and a one year high of $10.93.
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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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