|Bid||6.81 x 6500|
|Ask||6.82 x 1200|
|Day's range||6.68 - 6.91|
|52-week range||5.87 - 11.30|
|PE ratio (TTM)||7.79|
|Earnings date||29 Jan 2018 - 2 Feb 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||9.58|
One giant customer lifted Applied Optoelectronics in the first half, but even that shining star joined Oclaro and Finisar in gloomy market trends later on.
China has unveiled a five-year plan for building up its optical components industry, a move that could spell trouble for U.S. suppliers.
Shares of fiber-optic component supplier Oclaro (OCLR) today fell 19 cents, or 2.6%, to close at $7.05, after Needham & Co.’s Alex Henderson cut his rating on the shares from Buy to Hold, and cut his estimates, after concluding growth will be hard to come by in 2018. Street estimates are too high for the March quarter, and too high for the year, concludes Henderson, especially with growth in orders for components in China not likely to return to health until the second half of the year. Henderson cut his estimates for Oclaro for the fiscal year ending in June to $545.4 million in revenue and 52 cents EPS, from a prior $564.9 million and 55 cents.
Yesterday’s deal announced by fiber-optic component maker Finisar (FNSR) and Apple (AAPL) to boost manufacturing of “VCSEL” lasers for “3-D sensing” is being slightly mis-understood by investors, writes Alex Henderson, who follows the shares of Finisar and other component vendors of Needham & Co. today. Henderson, who has a Buy rating on Finisar, and a $25 price target, thinks actually the deal is better than people may realize. The mistake is that most characterized the arrangement as Apple “funding” Finisar’s spinning up manufacturing in a faculty in Sherman, Texas.
China’s optical fiber market is coming back, but slowly, according to a note this morning from Rosenblatt Securities analyst Jun Zhang, who follows shares of laser vendor Oclaro (OCLR), Acacia Communications (ACIA), Applied Optoelectronics (AAOI), and other vendors. “Demand in China is stabilizing and slightly improving,” writes Zhang, "but we do not see a broad acceleration in China’s recovery yet. "Chinese vendors recently concluded 2018 component and module procure- ments.
NEW YORK, Dec. 01, 2017-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Lannett ...
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SAN JOSE, Calif. , Nov. 21, 2017 /PRNewswire/ -- Oclaro, Inc. (Nasdaq: OCLR), a leading provider and innovator of optical communications solutions, today announced that management is scheduled to participate ...
Oclaro plunged on weak guidance, sending shares of others in the fiber-optic and optical space down as well.
Networking equipment vendor Arista Networks (ANET), which reports this afternoon, after the closing bell, could be at risk from slumping spending at cloud computing operators, according to a note this morning from Needham & Co.’s Alex Henderson, who follows the shares of Arista along with Juniper Networks and various optical component suppliers including Oclaro (OCLR), which reported disappointing results last night, specifically citing weakness in its cloud, or “hyper scale,” market. "We are very worried about Arista Networks after the close,” writes Henderson. Arista has never missed a quarter since it came public.
On a per-share basis, the San Jose, California-based company said it had net income of 16 cents. Earnings, adjusted for one-time gains and costs, were 20 cents per share. The results surpassed Wall Street ...
Shares of fiber-optic component maker Oclaro (OCLR) are down 72 cents, or 9%, at $7.30, in late trading, at $7.30, after the company this afternoon reported fiscal Q1 revenue and profit higher than analysts were expecting, but missed by a wide margin with its outlook for this quarter’s revenue, again citing China as a problem, as many optical firms have all year long, but also sluggishness in the data center computing market. CEO Greg Dougherty called the results “strong,” adding that they were "fueled by our CFP2-ACO and QSFP product lines." Dougherty added that "Our near-term visibility includes continued softness in China, compounded by a recent slowdown in data center sales.” The warning about China echoes one from peer Inphi (IPHI) yesterday, while the remark about data centers echoes worries that hit peer Applied Optoelectronics (AAOI), discussed yesterday by Raymond James.
SAN JOSE, Calif. , Oct. 16, 2017 /PRNewswire/ -- Oclaro, Inc. (NASDAQ: OCLR), a leading provider and innovator of optical communications solutions, today announced that on Wednesday, November 1, 2017 , ...
The San Jose, California-based company said it had profit of 33 cents per share. Earnings, adjusted for one-time gains and costs, came to 20 cents per share. The results topped Wall Street expectations. ...
The San Jose, California-based company said it had profit of 22 cents per share. Earnings, adjusted for one-time gains and costs, came to 23 cents per share. The results exceeded Wall Street expectations. ...
The San Jose, California-based company said it had net income of 18 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 21 cents per share. The results beat Wall ...