Last $1.88 USD
Change Today +0.01 / 0.53%
Volume 129.5K
OCLR On Other Exchanges
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As of 8:10 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

oclaro inc (OCLR) Snapshot

Open
$1.90
Previous Close
$1.87
Day High
$1.90
Day Low
$1.85
52 Week High
04/23/14 - $3.57
52 Week Low
10/13/14 - $1.31
Market Cap
204.3M
Average Volume 10 Days
417.9K
EPS TTM
$-0.81
Shares Outstanding
108.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for OCLARO INC (OCLR)

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oclaro inc (OCLR) Details

Oclaro, Inc. designs, manufactures, and markets lasers and optical components, modules, and subsystems for the optical communications, industrial, and consumer laser markets worldwide. The company’s products generate, detect, combine, and separate light signals in telecom networks. It offers tunable laser transmitters comprising discrete lasers and co-packaged laser modulators; lithium niobate modulators to manipulate the phase or the amplitude of an optical signal; discrete receivers for metro and long-haul applications; pluggable transceivers; and transponder modules for transmitter and receiver functions. The company markets its products through direct sales and marketing organization, sales representatives, and resellers. It serves telecommunications, data communications systems, components vendors, laser systems, life-sciences, industrial printing, and consumer electronics component markets. The company was formerly known as Bookham, Inc. and changed its name to Oclaro, Inc. in April 2009. Oclaro, Inc. was founded in 1988 and is headquartered in San Jose, California.

1,294 Employees
Last Reported Date: 09/10/14
Founded in 1988

oclaro inc (OCLR) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $936.5K
Chief Financial Officer
Total Annual Compensation: $549.2K
Chief Operating Officer
Total Annual Compensation: $625.2K
President of Optical Connectivity Business
Total Annual Compensation: $600.4K
Executive Vice President, General Counsel and...
Total Annual Compensation: $147.7K
Compensation as of Fiscal Year 2014.

oclaro inc (OCLR) Key Developments

Oclaro, Inc. Appoints Lisa Paul as Executive Vice President, Human Resources

On November 17, 2014, Lisa Paul joined Oclaro, Inc. as its Executive Vice President, Human Resources. Prior to joining the company, Ms. Paul, served from April 2012 to November 2014 as the Vice President, Talent Management of Flextronics, Inc.

Oclaro, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended September 27, 2014; Provides Earnings Guidance for the Second Quarter Ending December 27, 2014 and Fiscal Year Ending June 27, 2015

Oclaro, Inc. announced unaudited consolidated earnings results for the first quarter ended September 27, 2014. For the quarter, the company reported revenues of $89.241 million compared to $96.648 million for the last year. The lower sales were from a temporary delay of 100 gig client-side business in China, and as expected, a reduction in 40G legacy business. Operating loss was $17.463 million compared to $31.572 million for the last year. Loss before income taxes was $19.022 million compared to $29.827 million for the last year. Loss from continuing operations was $19.976 million or $0.19 per basic and diluted share compared to $30.129 million or $0.33 per basic and diluted share for the last year. Net loss was $20.354 million or $0.19 per basic and diluted share compared to net income of $33.278 million or $0.37 per basic and diluted share for the last year. Non-GAAP operating loss was $13.632 million compared to $26.106 million for the last year. Adjusted LBITDA was $8.928 million compared to $19.132 million for the last year. Non-GAAP loss from continuing operations was $15.087 million or $0.14 per basic and diluted share compared to $27.413 million or $0.30 per basic and diluted share for the last year. Operating results improved approximately 5% in the quarter on stronger gross margins. Net cash used in operations was $5.7 million, and CapEx purchases were $4.7 million. For the second quarter ending December 27, 2014, the company expects revenues in the range of $80 million to $88 million, non-GAAP gross margin in the range of 13% to 17% and adjusted EBITDA in the range of negative $10 million to negative $6 million. For the fiscal year ending June 27, 2015, The company expects to pay down $7 million to $10 million of AP and accrued liabilities that increased in first quarter. CapEx and cap lease spend will be in the range of $5 million to $8 million per quarter and will fluctuate based upon the timing of 100 gig CapEx deliveries during the year. The company will continue to fund adjusted EBITDA losses until they achieve breakeven.

Oclaro, Inc. Adopts Amended and Restated By-Laws, Effective December 1, 2014

On October 28, 2014, the Oclaro, Inc.'s board adopted the company's amended and restated by-laws, to be effective on December 1, 2014. The restated bylaws amend the current bylaws to provide that director nominees will be elected by the affirmative vote of the majority of votes cast at a meeting of stockholders, with a plurality voting standard retained for contested director elections.

 

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OCLR

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Valuation OCLR Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.5x
Price/Book 1.1x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.3x
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