Oclaro (OCLR) Scheduled to Post Quarterly Earnings on Monday

Oclaro (NASDAQ:OCLR) is scheduled to issue its quarterly earnings data after the market closes on Monday, January 29th.

Oclaro (NASDAQ:OCLR) last announced its quarterly earnings data on Wednesday, November 1st. The semiconductor company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.18 by $0.02. The business had revenue of $155.60 million during the quarter, compared to analyst estimates of $154.51 million. Oclaro had a return on equity of 28.11% and a net margin of 24.31%. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.14 earnings per share. On average, analysts expect Oclaro to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Oclaro (NASDAQ OCLR) opened at $6.77 on Monday. The company has a market capitalization of $1,140.00, a price-to-earnings ratio of 7.61, a price-to-earnings-growth ratio of 0.99 and a beta of 1.30. Oclaro has a 52-week low of $5.86 and a 52-week high of $11.30.

In other Oclaro news, CAO Michael H. Fernicola sold 7,016 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $6.21, for a total value of $43,569.36. Following the completion of the transaction, the chief accounting officer now owns 81,378 shares of the company’s stock, valued at approximately $505,357.38. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Lisa Paul sold 5,000 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $7.45, for a total value of $37,250.00. Following the completion of the transaction, the executive vice president now directly owns 232,950 shares of the company’s stock, valued at approximately $1,735,477.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 51,271 shares of company stock valued at $364,240. 2.00% of the stock is owned by insiders.

OCLR has been the subject of several recent research reports. ValuEngine raised Oclaro from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Cowen reaffirmed a “buy” rating on shares of Oclaro in a research report on Friday, November 3rd. Needham & Company LLC lowered Oclaro from a “strong-buy” rating to a “buy” rating and lowered their price target for the stock from $14.00 to $9.00 in a research report on Thursday, November 2nd. DA Davidson reaffirmed a “buy” rating and issued a $11.00 price target on shares of Oclaro in a research report on Thursday, November 2nd. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $12.50 price target on shares of Oclaro in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Oclaro presently has an average rating of “Buy” and an average target price of $12.67.

TRADEMARK VIOLATION WARNING: This news story was reported by American Banking News and is owned by of American Banking News. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of United States and international trademark & copyright legislation. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2018/01/22/oclaro-oclr-scheduled-to-post-quarterly-earnings-on-monday.html.

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.

Earnings History for Oclaro (NASDAQ:OCLR)

Receive News & Ratings for Oclaro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oclaro and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply