Oclaro, Inc. (NASDAQ:OCLR) is set to post its quarterly earnings results after the market closes on Monday, October 30th. Analysts expect Oclaro to post earnings of $0.18 per share for the quarter.

Oclaro (NASDAQ:OCLR) last posted its quarterly earnings data on Wednesday, August 2nd. The semiconductor company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.03. Oclaro had a return on equity of 27.63% and a net margin of 21.28%. The company had revenue of $149.38 million during the quarter, compared to analysts’ expectations of $148.04 million. During the same period in the prior year, the business earned $0.11 earnings per share. Oclaro’s revenue for the quarter was up 19.3% compared to the same quarter last year. On average, analysts expect Oclaro to post $0.74 EPS for the current fiscal year and $0.83 EPS for the next fiscal year.

Shares of Oclaro, Inc. (OCLR) opened at 8.41 on Monday. The stock has a 50 day moving average price of $8.63 and a 200 day moving average price of $8.98. The company has a market capitalization of $1.42 billion, a PE ratio of 10.92 and a beta of 1.61. Oclaro, Inc. has a 52-week low of $6.91 and a 52-week high of $11.30.

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In other news, EVP Lisa Paul sold 12,182 shares of the company’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $8.45, for a total transaction of $102,937.90. Following the completion of the sale, the executive vice president now directly owns 246,090 shares in the company, valued at approximately $2,079,460.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Greg Dougherty sold 40,000 shares of the company’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $9.12, for a total value of $364,800.00. Following the sale, the chief executive officer now owns 1,441,386 shares of the company’s stock, valued at $13,145,440.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 85,183 shares of company stock valued at $747,174. Corporate insiders own 2.00% of the company’s stock.

Several research analysts have recently commented on the company. Cowen and Company reiterated an “outperform” rating and set a $14.00 target price (up from $13.00) on shares of Oclaro in a research note on Thursday, August 3rd. Northland Securities reiterated a “buy” rating and set a $12.75 target price on shares of Oclaro in a research note on Friday, September 15th. Zacks Investment Research downgraded Oclaro from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Cantor Fitzgerald reiterated an “overweight” rating and set a $21.00 target price (down from $35.00) on shares of Oclaro in a research note on Thursday, July 13th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $12.00 price target on shares of Oclaro in a research note on Friday, October 6th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $13.33.

About Oclaro

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.

Earnings History for Oclaro (NASDAQ:OCLR)

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