Last $4.18 USD
Change Today 0.00 / 0.00%
Volume 0.0
OCC On Other Exchanges
Symbol
Exchange
NASDAQ GM
Berlin
As of 8:10 PM 08/28/14 All times are local (Market data is delayed by at least 15 minutes).

optical cable corp (OCC) Snapshot

Open
$4.18
Previous Close
$4.22
Day High
$4.18
Day Low
$4.18
52 Week High
09/11/13 - $4.58
52 Week Low
12/26/13 - $3.59
Market Cap
29.0M
Average Volume 10 Days
6.1K
EPS TTM
$-0.13
Shares Outstanding
6.9M
EX-Date
07/25/14
P/E TM
--
Dividend
$0.08
Dividend Yield
1.91%
Current Stock Chart for OPTICAL CABLE CORP (OCC)

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optical cable corp (OCC) Details

Optical Cable Corporation, together with its subsidiaries, manufactures and sells fiber optic and copper data communications cabling and connectivity solutions for the enterprise market in the United States and internationally. The company markets and sells various copper datacom cables, including unshielded and shielded twisted pair. It also offers fiber optic connectivity products, including fiber optic wall mounts, cabinet mount and rack mount enclosures, pre-terminated fiber optic enclosures, fiber optic connectors, splice trays, fiber optic jumpers, plug and play cassette modules, pre-terminated fiber optic cable assemblies, adapters, and accessories. In addition, the company provides copper connectivity products comprising category compliant patch panels, jacks, plugs, patch cords, faceplates, surface mounted boxes, distribution and multi-media boxes, copper rack mount and wall mount enclosures, cable assemblies, cable organizers, and other wiring products for datacenter, telecommunications closet, equipment room, and workstation applications. Further, it offers network, data storage, and telecommunications management systems, such as data cabinets, wall-mount enclosures, cable management systems, and open frame relay racks for commercial and residential use; various enclosures, modules, and modular outlets for single dwelling and multiple dwelling residential uses; and cellular distribution system, a distributed antenna system for in-building enhancement of wireless communications signals. Additionally, the company provides applied interconnect systems, which include specialty fiber optic connectors and connectivity components, ruggedized copper datacom connectors, and related systems and solutions for military and harsh environment applications. The company sells its products to distributors, original equipment manufacturers, value-added resellers, and end-users. Optical Cable Corporation was founded in 1983 and is headquartered in Roanoke, Virginia.

376 Employees
Last Reported Date: 12/20/13
Founded in 1983

optical cable corp (OCC) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $420.0K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $241.7K
Compensation as of Fiscal Year 2013.

optical cable corp (OCC) Key Developments

Optical Cable Corporation and SunTrust Bank Enter into a Revolving Credit Facility

On August 30, 2013, Optical Cable Corporation and SunTrust Bank entered into a revolving credit facility consisting of a Commercial Note and Agreement to Commercial Note under which the Bank provided the Company with a revolving line of credit for the working capital needs of the Company (together, the Commercial Note"). The Commercial Note matures on August 31, 2015. On August 11, 2014, the Company entered into a commercial note renewal letter (Binding Letter of Renewal") extending the maturity date of the Commercial Note to August 31, 2016. The Binding Letter of Renewal only extends the maturity date of the Commercial Note. All other terms of the Commercial Note remain unaltered and remain in full force and effect. The Commercial Note provides the company the ability to borrow an aggregate principal amount at any one time outstanding not to exceed the lesser of (i) $9.0 million, or (ii) the sum of 85% of certain receivables aged 90 days or less plus 35% of the lesser of $1.0 million or certain foreign receivables plus 25% of certain raw materials inventory. Within the revolving loan limit of the Commercial Note, the Company may borrow, repay, and reborrow, at any time or from time to time until August 31, 2016. Advances under the Commercial Note accrue interest at LIBOR plus 2.2%. Accrued interest on the outstanding principal balance is due on the first day of each month, with all then outstanding principal, interest, fees and costs due at the Commercial Note maturity date of August 31, 2016. The company currently has $3.0 million outstanding under the Commercial Note.

Optical Cable Corporation Declares Quarterly Cash Dividend, Payable on or About August 15, 2014

Optical Cable Corporation announced the declaration of a regular quarterly cash dividend to OCC's shareholders. OCC's Board of Directors declared a cash dividend of $0.02 per share on the company's common stock effective July 15, 2014. The dividend will be paid on or about August 15, 2014, to shareholders of record on July 29, 2014.

Optical Cable Corp. Declares Regular Quarterly Dividend

Optical Cable Corp. declared regular quarterly dividend of $0.02 per share, implying an annual dividend rate of $0.08 per share.

 

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OCC Competitors

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Company Last Change
Belden Inc $72.35 USD -0.26
CommScope Holding Co Inc $25.78 USD +0.09
General Cable Corp $21.52 USD -0.05
View Industry Companies
 

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OCC

Industry Average

Valuation OCC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.3x
Price/Book 1.0x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.2x
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