Zacks: Brokerages Anticipate Oclaro Inc (OCLR) Will Post Earnings of $0.08 Per Share

Analysts predict that Oclaro Inc (NASDAQ:OCLR) will announce $0.08 earnings per share for the current quarter, Zacks reports. Six analysts have made estimates for Oclaro’s earnings. The highest EPS estimate is $0.10 and the lowest is $0.07. Oclaro reported earnings per share of $0.23 during the same quarter last year, which indicates a negative year-over-year growth rate of 65.2%. The company is scheduled to report its next earnings report on Tuesday, May 1st.

According to Zacks, analysts expect that Oclaro will report full-year earnings of $0.51 per share for the current financial year, with EPS estimates ranging from $0.48 to $0.54. For the next fiscal year, analysts forecast that the firm will report earnings of $0.50 per share, with EPS estimates ranging from $0.45 to $0.54. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Oclaro.

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

Several equities research analysts have recently commented on OCLR shares. Zacks Investment Research downgraded shares of Oclaro from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Northland Securities reiterated a “buy” rating and set a $12.75 price objective on shares of Oclaro in a research note on Wednesday, November 1st. Jefferies Group reiterated a “buy” rating and set a $12.50 price objective on shares of Oclaro in a research note on Wednesday, November 1st. Needham & Company LLC downgraded shares of Oclaro from a “buy” rating to a “hold” rating in a research note on Monday, December 18th. Finally, ValuEngine downgraded shares of Oclaro from a “buy” rating to a “hold” rating in a research note on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. Oclaro presently has a consensus rating of “Buy” and an average price target of $10.18.

In other Oclaro news, EVP Lisa Paul sold 5,000 shares of Oclaro stock in a transaction on Thursday, December 14th. The shares were 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 owns 232,950 shares of the company’s stock, valued at $1,735,477.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP David Teichmann sold 24,962 shares of Oclaro stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $6.41, for a total transaction of $160,006.42. Following the completion of the transaction, the executive vice president now directly owns 349,305 shares of the company’s stock, valued at approximately $2,239,045.05. The disclosure for this sale can be found here. Insiders have sold 69,217 shares of company stock valued at $480,678 over the last 90 days. 2.00% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisor Group Inc. increased its holdings in Oclaro by 26.6% in the second quarter. Advisor Group Inc. now owns 22,945 shares of the semiconductor company’s stock valued at $214,000 after buying an additional 4,820 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in Oclaro by 53.3% in the second quarter. Ameritas Investment Partners Inc. now owns 14,542 shares of the semiconductor company’s stock valued at $136,000 after buying an additional 5,057 shares in the last quarter. Cubist Systematic Strategies LLC increased its holdings in Oclaro by 52.3% in the second quarter. Cubist Systematic Strategies LLC now owns 22,520 shares of the semiconductor company’s stock valued at $210,000 after buying an additional 7,730 shares in the last quarter. Bridge City Capital LLC increased its holdings in Oclaro by 8.7% in the third quarter. Bridge City Capital LLC now owns 98,182 shares of the semiconductor company’s stock valued at $847,000 after buying an additional 7,863 shares in the last quarter. Finally, Swiss National Bank increased its holdings in Oclaro by 3.2% in the fourth quarter. Swiss National Bank now owns 282,100 shares of the semiconductor company’s stock valued at $1,901,000 after buying an additional 8,700 shares in the last quarter. 70.76% of the stock is owned by institutional investors.

Oclaro (OCLR) traded up $0.08 during trading hours on Wednesday, hitting $6.87. 2,382,576 shares of the stock traded hands, compared to its average volume of 5,390,000. Oclaro has a 1-year low of $5.61 and a 1-year high of $11.30. The firm has a market capitalization of $1,170.00, a P/E ratio of 8.38, a P/E/G ratio of 1.18 and a beta of 1.14.

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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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