Oclaro Inc Expected to Earn Q1 2019 Earnings of $0.08 Per Share (OCLR)

Oclaro Inc (NASDAQ:OCLR) – Research analysts at B. Riley issued their Q1 2019 earnings per share estimates for shares of Oclaro in a research report issued on Tuesday. B. Riley analyst D. Kang anticipates that the semiconductor company will post earnings per share of $0.08 for the quarter. B. Riley has a “Buy” rating and a $8.50 price objective on the stock. B. Riley also issued estimates for Oclaro’s Q2 2019 earnings at $0.11 EPS, Q3 2019 earnings at $0.10 EPS, Q4 2019 earnings at $0.14 EPS and FY2019 earnings at $0.44 EPS.

Oclaro (NASDAQ:OCLR) last announced its quarterly earnings results on Monday, February 5th. The semiconductor company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. Oclaro had a return on equity of 23.17% and a net margin of 23.00%. The company had revenue of $139.30 million during the quarter, compared to analysts’ expectations of $138.83 million. During the same quarter in the previous year, the firm earned $0.21 earnings per share. The business’s quarterly revenue was down 9.5% compared to the same quarter last year.

A number of other brokerages have also recently weighed in on OCLR. Craig Hallum cut Oclaro from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Needham & Company LLC cut Oclaro from a “strong-buy” rating to a “buy” rating and reduced 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. 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. Finally, Northland Securities reaffirmed a “buy” rating and issued a $12.75 price target on shares of Oclaro in a research report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $10.18.

Shares of Oclaro (NASDAQ:OCLR) traded down $0.05 during trading hours on Friday, hitting $6.74. The company’s stock had a trading volume of 7,525,479 shares, compared to its average volume of 5,393,123. Oclaro has a 12 month low of $5.61 and a 12 month high of $11.30. The firm has a market capitalization of $1,140.00, a PE ratio of 8.04, a P/E/G ratio of 1.14 and a beta of 1.14.

In related news, insider Thomas Gordon Beck Mason sold 39,255 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was 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 $1,236,251.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Michael H. Fernicola sold 7,016 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $6.21, for a total value of $43,569.36. Following the transaction, the chief accounting officer now owns 81,378 shares in the company, valued at $505,357.38. The disclosure for this sale can be found here. Insiders have sold 51,271 shares of company stock worth $364,240 over the last 90 days. Corporate insiders own 2.00% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Everence Capital Management Inc. bought a new position in Oclaro during the third quarter valued at about $110,000. Shelton Capital Management bought a new position in Oclaro during the second quarter valued at about $117,000. SeaCrest Wealth Management LLC bought a new position in Oclaro during the fourth quarter valued at about $119,000. Ameritas Investment Partners Inc. grew its stake in shares of Oclaro by 53.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 14,542 shares of the semiconductor company’s stock valued at $136,000 after purchasing an additional 5,057 shares during the period. Finally, Sei Investments Co. grew its stake in shares of Oclaro by 150.9% in the 3rd quarter. Sei Investments Co. now owns 17,105 shares of the semiconductor company’s stock valued at $147,000 after purchasing an additional 10,288 shares during the period. Hedge funds and other institutional investors own 70.69% 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.

Earnings History and Estimates for Oclaro (NASDAQ:OCLR)

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