Wall Street brokerages expect Oclaro, Inc. (NASDAQ:OCLR) to report $141.85 million in sales for the current quarter, according to Zacks. Seven analysts have provided estimates for Oclaro’s earnings, with the lowest sales estimate coming in at $138.97 million and the highest estimate coming in at $152.10 million. Oclaro posted sales of $153.91 million during the same quarter last year, which suggests a negative year over year growth rate of 7.8%. The business is expected to report its next quarterly earnings report on Tuesday, January 30th.

On average, analysts expect that Oclaro will report full-year sales of $141.85 million for the current year, with estimates ranging from $559.30 million to $615.20 million. For the next fiscal year, analysts expect that the firm will report sales of $636.65 million per share, with estimates ranging from $571.10 million to $678.50 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Oclaro.

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

OCLR has been the subject of several recent analyst reports. Raymond James Financial initiated coverage on Oclaro in a research note on Thursday, September 14th. They set a “strong-buy” rating and a $12.00 target price for the company. Zacks Investment Research downgraded Oclaro from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Jefferies Group restated a “buy” rating and set a $12.50 target price on shares of Oclaro in a research note on Wednesday, November 1st. Northland Securities restated a “buy” rating and set a $12.75 target price on shares of Oclaro in a research note on Wednesday, November 1st. Finally, ValuEngine downgraded Oclaro from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $12.67.

Shares of Oclaro (NASDAQ:OCLR) opened at $7.02 on Friday. Oclaro has a 52 week low of $5.86 and a 52 week high of $11.30. The firm has a market capitalization of $1,184.84, a P/E ratio of 9.00, a P/E/G ratio of 1.03 and a beta of 1.31.

In related news, CAO Michael H. Fernicola sold 7,016 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The stock was 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 owns 81,378 shares in the company, valued at approximately $505,357.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Thomas Gordon Beck Mason sold 39,255 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $7.22, for a total value of $283,421.10. Following the transaction, the insider now owns 171,226 shares of the company’s stock, valued at approximately $1,236,251.72. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its position in shares of Oclaro by 120.0% during the 2nd quarter. BlackRock Inc. now owns 16,827,106 shares of the semiconductor company’s stock worth $157,166,000 after buying an additional 9,177,551 shares during the period. Vanguard Group Inc. lifted its position in shares of Oclaro by 17.9% during the 2nd quarter. Vanguard Group Inc. now owns 8,326,122 shares of the semiconductor company’s stock worth $77,766,000 after buying an additional 1,265,269 shares during the period. State Street Corp lifted its position in shares of Oclaro by 54.0% during the 2nd quarter. State Street Corp now owns 3,841,177 shares of the semiconductor company’s stock worth $35,877,000 after buying an additional 1,346,216 shares during the period. Ameriprise Financial Inc. lifted its position in shares of Oclaro by 3.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,695,343 shares of the semiconductor company’s stock worth $31,890,000 after buying an additional 134,102 shares during the period. Finally, Quentec Asset Management LLC lifted its position in shares of Oclaro by 33.9% during the 2nd quarter. Quentec Asset Management LLC now owns 2,592,207 shares of the semiconductor company’s stock worth $24,211,000 after buying an additional 655,567 shares during the period. Institutional investors and hedge funds own 70.66% of the company’s stock.

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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.

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Earnings History and Estimates for Oclaro (NASDAQ:OCLR)

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