Brokerages predict that Oclaro Inc (NASDAQ:OCLR) will report earnings per share (EPS) of $0.09 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Oclaro’s earnings. The lowest EPS estimate is $0.08 and the highest is $0.09. Oclaro posted earnings of $0.20 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 55%. The company is expected 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 business will report earnings of $0.50 per share, with EPS estimates ranging from $0.47 to $0.52. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Oclaro.

Oclaro (NASDAQ:OCLR) last posted its earnings results on Monday, August 13th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.08. Oclaro had a return on equity of 13.34% and a net margin of 11.50%. The firm had revenue of $120.94 million for the quarter, compared to analyst estimates of $120.22 million.

Several equities research analysts have weighed in on the company. BidaskClub upgraded Oclaro from a “strong sell” rating to a “sell” rating in a report on Tuesday. ValuEngine upgraded Oclaro from a “hold” rating to a “buy” rating in a report on Friday, August 10th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the stock. Oclaro has an average rating of “Hold” and a consensus target price of $9.44.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS Group AG boosted its position in shares of Oclaro by 831.9% during the first quarter. UBS Group AG now owns 3,517,407 shares of the semiconductor company’s stock worth $33,626,000 after purchasing an additional 3,139,955 shares in the last quarter. BlackRock Inc. boosted its position in shares of Oclaro by 9.5% during the 2nd quarter. BlackRock Inc. now owns 23,997,225 shares of the semiconductor company’s stock valued at $214,294,000 after acquiring an additional 2,085,377 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Oclaro by 560.0% during the 1st quarter. JPMorgan Chase & Co. now owns 1,277,533 shares of the semiconductor company’s stock valued at $12,213,000 after acquiring an additional 1,083,969 shares during the last quarter. Fiera Capital Corp bought a new stake in Oclaro in the second quarter worth $7,172,000. Finally, IndexIQ Advisors LLC bought a new stake in Oclaro in the second quarter worth $6,001,000. Institutional investors and hedge funds own 69.28% of the company’s stock.

NASDAQ OCLR traded up $0.02 during trading hours on Friday, hitting $8.82. 86,818 shares of the company were exchanged, compared to its average volume of 3,515,133. Oclaro has a 52-week low of $5.61 and a 52-week high of $10.20. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 20.00, a price-to-earnings-growth ratio of 1.34 and a beta of 0.56.

Oclaro Company Profile

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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Earnings History and Estimates for Oclaro (NASDAQ:OCLR)

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