Oplink Communications (OPLK) Scheduled to Post Earnings on Thursday
Oplink Communications (NASDAQ:OPLK) is set to post its Q114 quarterly earnings results on Thursday, October 31st. Analysts expect Oplink Communications to post earnings of $0.22 per share and revenue of $53.35 million for the quarter. Oplink Communications has set its Q1 guidance at $0.18-0.24 EPS.
Oplink Communications (NASDAQ:OPLK) last released its earnings data on Thursday, August 8th. The company reported $0.24 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.21 by $0.03. The company had revenue of $49.29 million for the quarter, compared to the consensus estimate of $45.81 million. During the same quarter last year, the company posted $0.19 earnings per share. Oplink Communications’s revenue was up 11.4% compared to the same quarter last year. On average, analysts expect Oplink Communications to post $1.04 EPS for the current fiscal year and $1.29 EPS for the next fiscal year.
Shares of Oplink Communications (NASDAQ:OPLK) traded down 1.36% on Wednesday, hitting $18.83. 2,823 shares of the company’s stock traded hands. Oplink Communications has a 52 week low of $14.26 and a 52 week high of $22.54. The stock’s 50-day moving average is $20.07 and its 200-day moving average is $17.81. The company has a market cap of $363.4 million and a price-to-earnings ratio of 27.67.
A number of analysts have recently weighed in on OPLK shares. Analysts at B. Riley raised their price target on shares of Oplink Communications from $24.75 to $26.00 in a research note to investors on Friday, August 9th. They now have a “buy” rating on the stock. Analysts at Stifel Nicolaus raised their price target on shares of Oplink Communications from $20.00 to $24.00 in a research note to investors on Friday, August 9th. They now have a “buy” rating on the stock.
Oplink Communications, Inc designs, manufactures and sells optical networking components and subsystems.
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