Brokerages expect that Oclaro Inc (NASDAQ:OCLR) will report earnings of $0.09 per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Oclaro’s earnings, with estimates ranging from $0.08 to $0.09. Oclaro posted earnings of $0.20 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 55%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, November 7th.
On average, analysts expect that Oclaro will report full year earnings of $0.41 per share for the current year, with EPS estimates ranging from $0.37 to $0.44. For the next year, analysts anticipate that the company will post earnings of $0.50 per share, with EPS estimates ranging from $0.47 to $0.52. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Oclaro.
Oclaro (NASDAQ:OCLR) last posted its quarterly earnings results on Monday, August 13th. The semiconductor company reported $0.08 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.08. The firm had revenue of $120.94 million for the quarter, compared to analyst estimates of $120.22 million. Oclaro had a return on equity of 13.34% and a net margin of 11.50%.
A number of research analysts recently weighed in on the company. BidaskClub lowered Oclaro from a “sell” rating to a “strong sell” rating in a report on Tuesday. ValuEngine raised Oclaro from a “hold” rating to a “buy” rating in a report on Friday, August 10th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $9.44.
Shares of OCLR stock traded up $0.03 during trading on Friday, reaching $8.46. 1,793,600 shares of the company’s stock were exchanged, compared to its average volume of 3,538,530. The firm has a market capitalization of $1.53 billion, a PE ratio of 19.23, a PEG ratio of 1.34 and a beta of 0.56. Oclaro has a twelve month low of $5.61 and a twelve month high of $10.20.
Several hedge funds have recently bought and sold shares of the stock. Natixis bought a new stake in Oclaro in the 1st quarter valued at $100,000. Suntrust Banks Inc. bought a new stake in Oclaro in the 1st quarter valued at $160,000. Cerebellum GP LLC boosted its stake in Oclaro by 80.9% in the 2nd quarter. Cerebellum GP LLC now owns 19,717 shares of the semiconductor company’s stock valued at $176,000 after purchasing an additional 8,816 shares during the period. New Jersey Better Educational Savings Trust bought a new stake in Oclaro in the 2nd quarter valued at $179,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in Oclaro in the 2nd quarter valued at $266,000. 69.28% of the stock is currently owned by institutional investors and hedge funds.
Oclaro, Inc designs, manufactures, and markets optical components, modules, and subsystems for the long-haul, metro, and data center markets worldwide. The company's products generate, detect, combine, and separate light signals in optical communications networks. It offers client side transceivers, including pluggable transceivers; line side transceivers; tunable laser transmitters, such as discrete lasers and co-packaged laser modulators; lithium niobate modulators to manipulate the phase or the amplitude of an optical signal; transponder modules for transmitter and receiver functions; and discrete lasers and receivers for metro and long-haul applications.
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