Oclaro, Inc. (NASDAQ:OCLR) retreated -2.56% and closed its last session at $9.14. The stock has the market capitalization of $1.52 Billion with the total outstanding shares of 165.91 Million. Oclaro, Inc.. has Analysts’ Mean Recommendation of 1.2 between the scale of 1 to 5 (1 represents Strong Buy and 5 means Sell). The stock currently has P/E of 73.71 for trailing twelve months while its Forward P/E is 14.93.

Oclaro, Inc. (NASDAQ:OCLR) touched its 52-Week High of $10.19 on Nov 21, 2016 while it’s 52-Week Low of $3.16 on Jan 11, 2016. The company currently has Return on Assets of 4 percent, Return on Equity of 7.3% and Return on Investment of 6.4 percent. The stock currently showing Weekly Volatility of 3.61%% and Monthly Volatility of 5.68% Percent with Average True Range of 0.48 and Beta of 2.09.

The 9 analysts offering 12-month price forecasts for Oclaro Inc have a median target of 12.00, with a high estimate of 14.00 and a low estimate of 11.00. The median estimate represents a +31.29% increase from the last price of 9.14.

Press Release:

The Company on 1 November declared the financial results for its first quarter of fiscal year 2017, which ended October 1, 2016.

Results for the First Quarter of Fiscal 2017

  • Revenues were $135.5 million for the first quarter of fiscal 2017, and compare with revenues of $125.2 million in the fourth quarter of fiscal 2016, which was a 14 week quarter, and revenues of $87.6 million in the first quarter of fiscal 2016.
  • GAAP gross margin was 34.2% for the first quarter of fiscal 2017, compared with GAAP gross margin of 32.1% in the fourth quarter of fiscal 2016, and a GAAP gross margin of 25.9% in the first quarter of fiscal 2016.
  • Non-GAAP gross margin was 34.4% for the first quarter of fiscal 2017, compared with non-GAAP gross margin of 32.4% in the fourth quarter of fiscal 2016, and a non-GAAP gross margin of 26.4% in the first quarter of fiscal 2016.
  • GAAP operating income was $17.9 million for the first quarter of fiscal 2017. This compares with GAAP operating income of $12.8 million in the fourth quarter of fiscal 2016, and a GAAP operating loss of $2.0 million in the first quarter of fiscal 2016.
  • Non-GAAP operating income was $20.9 million for the first quarter of fiscal 2017, compared with non-GAAP operating income of $14.9 million in the fourth quarter of fiscal 2016, and non-GAAP operating income of $0.4 million in the first quarter of fiscal 2016.
  • GAAP net income for the first quarter of fiscal 2017 was $3.4 million. This compares with GAAP net income of $11.8 million in the fourth quarter of fiscal 2016, and a GAAP net loss of $3.5 million in the first quarter of fiscal 2016.
  • Non-GAAP net income for the first quarter of fiscal 2017 was $20.0 million. This compares with non-GAAP net income of $14.4 million in the fourth quarter of fiscal 2016, and a non-GAAP net loss of $1.6 million in the first quarter of fiscal 2016.

Company Profile:

Oclaro, with headquarters in San Jose, California, is a tier 1 provider of high performance optical components, modules and subsystems to the telecommunications market, and is one of the largest providers to metro and long haul network applications. Oclaro, the result of the combination of Bookham, Inc. and Avanex Corporation, leverages proprietary core technologies and vertically integrated product development to provide its customers with cost-effective and innovative optical devices, modules and subsystems. Its photonic technologies also serve selected potential high growth markets, including industrial, defense, life sciences, semiconductor, and scientific, with diversification providing both significant potential revenue streams and strategic technological advantage. Oclaro is a global company, with leading chip fabrication facilities in the UK, Switzerland and Italy, and manufacturing sites in the US, Thailand and China.