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Oclaro +4.6% after FQ1 beat, light guidance

Nov. 05, 2014 3:52 PM ETOclaro, Inc. (OCLR) StockBy: Eric Jhonsa, SA News Editor1 Comment
  • Oclaro (NASDAQ:OCLR) is guiding for FQ2 revenue of $80M-$88M, below a $90.8M consensus. However, like many peers and customers, the optical component vendors has priced in a lot of bad news in recent months.
  • In addition, consensus might not fully account for the recent sale of Oclaro's industrial/consumer product unit to Japan's Ushio. The unit had FQ1 revenue of $7.5M, and produced $2M in FQ2 revenue prior to the closing of its sale on Oct. 27.
  • Meanwhile, gross margin rose to 16.5% in FQ1 from 14.1% in FQ1 and 12.4% a year ago. FQ2 GM guidance is at 13%-17%.
  • FQ1 results, PR

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