Wall Street brokerages predict that Oclaro Inc (NASDAQ:OCLR) will announce $141.85 million in sales for the current quarter, according to Zacks Investment Research. 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 reported sales of $153.91 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 7.8%. The firm is expected to report its next 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 forecast that the firm 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 that provide coverage for Oclaro.

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

Several research firms recently commented on OCLR. Northland Securities reiterated a “buy” rating and issued a $12.75 price objective on shares of Oclaro in a research report on Friday, September 15th. Zacks Investment Research upgraded shares of Oclaro from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. ValuEngine upgraded shares of Oclaro from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $12.00 price objective on shares of Oclaro in a research report on Friday, October 6th. Finally, Needham & Company LLC lowered shares of Oclaro from a “buy” rating to a “hold” rating in a research report on Monday, December 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Oclaro has an average rating of “Buy” and a consensus target price of $12.67.

Shares of Oclaro (NASDAQ:OCLR) opened at $6.96 on Friday. Oclaro has a 1 year low of $5.86 and a 1 year high of $11.30. The company has a market cap of $1,170.00, a PE ratio of 7.82, a P/E/G ratio of 1.04 and a beta of 1.30.

In other news, insider Thomas Gordon Beck Mason sold 39,255 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $7.22, for a total transaction of $283,421.10. Following the transaction, the insider now directly owns 171,226 shares in the company, valued at approximately $1,236,251.72. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Lisa Paul sold 5,000 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $7.45, for a total transaction of $37,250.00. Following the transaction, the executive vice president now owns 232,950 shares in the company, valued at $1,735,477.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 51,271 shares of company stock worth $364,240. 2.00% of the stock is owned by insiders.

Several hedge funds have recently made changes to their positions in the company. Dana Investment Advisors Inc. lifted its holdings in shares of Oclaro by 0.5% during the 2nd quarter. Dana Investment Advisors Inc. now owns 247,463 shares of the semiconductor company’s stock worth $2,311,000 after acquiring an additional 1,327 shares during the period. ProShare Advisors LLC lifted its holdings in shares of Oclaro by 28.3% during the 2nd quarter. ProShare Advisors LLC now owns 16,531 shares of the semiconductor company’s stock worth $154,000 after acquiring an additional 3,650 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Oclaro by 2.2% during the 2nd quarter. Nordea Investment Management AB now owns 180,290 shares of the semiconductor company’s stock worth $1,684,000 after acquiring an additional 3,826 shares during the period. Advisor Group Inc. lifted its holdings in shares of Oclaro by 26.6% during the 2nd quarter. Advisor Group Inc. now owns 22,945 shares of the semiconductor company’s stock worth $214,000 after acquiring an additional 4,820 shares during the period. Finally, Ameritas Investment Partners Inc. lifted its holdings in shares of Oclaro by 53.3% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 14,542 shares of the semiconductor company’s stock worth $136,000 after acquiring an additional 5,057 shares during the period. Institutional investors and hedge funds own 70.59% of the company’s stock.

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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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Earnings History and Estimates for Oclaro (NASDAQ:OCLR)

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