What's your position on ?
Why are you ish?
You voted ish on Vote again
Posts appear on the My Feed page of subscribers to this ticker
Oct. 22, 2015, 12:47 PM
Oct. 22, 2015, 9:14 AM
Oct. 21, 2015, 5:39 PM
Oct. 21, 2015, 5:19 PM
- Oclaro (NASDAQ:OCLR) now expects FQ1 (September quarter) revenue of $87.5M, near the high end of an $82M-$88M guidance range and above an $85.6M consensus.
- Gross margin is expected to be in a 26%-27% range vs. prior guidance of 18%-22%, and adjusted EBITDA in a range of $4M-$4.5M vs. prior guidance of -$3M to breakeven.
- CEO Greg Dougherty: "The preliminary results that we are reporting today reflect strong growth in our 100G product portfolio. In addition, we saw higher than expected revenues for our 10G and 40G products, coupled with a much more favorable product mix, resulting in gross margin exceeding our prior guidance."
- Shares have jumped to $2.79 after hours. FQ1 results arrive after the close on Nov. 3.
Sep. 11, 2015, 12:45 PM
- Finisar (FNSR -18.4%) has plunged to its lowest levels since 2012 after missing FQ1 estimates, providing soft FQ2 guidance, and announcing chairman Jerry Rawls is replacing Eitan Gertel as CEO.
- Optical component/module peers Alliance Fiber (AFOP -4.6%), Lumentum (LITE -2.3%), and Oclaro (OCLR -6%) are also off, as are equipment vendors Infinera (INFN -3.8%), Ciena (CIEN -2.8%), Adtran (ADTN -2.3%), and Calix (CALX -2.5%). The Nasdaq is nearly flat.
- During Finisar's earnings call (transcript), Rawls noted his company continues to "see a high level of competition," and is aiming to cut operating expenses to ~20% of revenue from FQ1's 21.8%. CFO Kurt Adzema mentioned wireless and legacy 100G datacom component sales were soft in FQ1, and that Finisar is now seeing "some lumpiness" for 40G data center sales.
- Adzema insisted the competition (much of it around low-end/10G products) is business as usual. "The lower end products always [face] competition from non-tier 1 companies and in some period of time, it just takes whether it’s a one year or a three year or whatever the period, tier 2 competitors always catch up." Rawls promised 25G/100G Ethernet data center upgrade cycles would drive growth next year.
- MKM and B. Riley have downgraded Finisar to Neutral, and several other firms have cut targets. MKM's Michael Genovese cites datacom competition/price pressure, and states he's "becoming less convinced that there is an easy path to industry consolidation that will help alleviate ... significant Optical component industry challenges,"
- At the same time, Genovese defends Ciena, Infinera, and Lumentum (formerly JDS Uniphase's component unit). "Ciena and Infinera actually slightly benefit from more [component] competition and lower prices since they are customers ... we believe the negative revisions in Finisar's outlook are much more on the Datacom side than on the Telecom side ... Finisar is an incumbent that derives 75% of overall revenues from Datacom, while Lumentum is a relatively new challenger with only 20% of revenues from Datacom ... we are much more confident in the demand and pricing environments for 100G Telecom (Metro and [long-haul]) components than we are for Datacom, and Lumentum has significantly more exposure to 100G Telecom than Finisar."
Aug. 20, 2015, 12:09 PM
- With investors fleeing to safety and asking questions later - Chinese macro concerns have been playing a role - tech stocks with high betas (and sometimes also high multiples and big 2014/2015 gains) are among the biggest losers as the S&P drops 1.1%, and the Nasdaq 1.7%.
- Noteworthy decliners include action camera leader GoPro (GPRO -6%), security tech plays Palo Alto Networks (PANW -4.9%), FireEye (FEYE -4.5%), CyberArk (CYBR -5.7%), Qualys (QLYS -5.1%), Imperva (IMPV -6%), and Vasco (VDSI -4.2%), and driver-assistance tech leader Mobileye (MBLY -6%).
- Others include optical networking hardware vendors Ciena (CIEN -5%) and Infinera (INFN -7.3%), optical component vendors NeoPhotnics (NPTN -5.9%) and Oclaro (OCLR -6.7%), data management software firm Varonis (VRNS -5.5%), programmatic ad-buying platform Rocket Fuel (FUEL -7.4%), DNS/IP address hardware vendor Infoblox (BLOX -5.1%), haptic tech developer Immersion (IMMR -6.2%), and solar microinverter maker Enphase (ENPH -7.2%).
- Many Chinese tech stocks are also seeing heavy losses.
Aug. 4, 2015, 5:55 PM
- In addition to beat FQ4 estimates, Oclaro (NASDAQ:OCLR) is guiding for FQ1 revenue of $82M-$88M, favorable to an $83.7M consensus at the midpoint. Adjusted EBITDA is expected to be in a range of -$3M to $0, after coming in at -$1.2M in FQ4.
- Oclaro states strong 100G optical component demand is acting as a growth driver, and leads it to believe the company can become profitable at some point in FY16 (ends June '16). The FY16 EPS consensus is currently at -$0.26.
- Boosting FQ4 EPS: Gross margin was 19.9%, +410 bps Q/Q and +580 bps Y/Y, and above guidance of 15%-19%. FQ1 GM guidance is at 18%-22%. Cost cuts also helped: R&D spend fell by $6M Y/Y to $9.1M, and SG&A spend by $1.3M to $12.7M.
- Shares have risen to $2.29 AH.
- FQ4 results, PR
Aug. 4, 2015, 4:08 PM
- Oclaro (NASDAQ:OCLR): FQ4 EPS of -$0.06 beats by $0.03.
- Revenue of $82.19M (-14.3% Y/Y) beats by $0.78M.
Jul. 13, 2015, 12:37 PM
- Advanced Optoelectronics (NASDAQ:AAOI) now expects Q2 revenue of $49.6M and EPS of $0.36-$0.38, above prior guidance of $43M-$45M and $0.25-$0.30, and a consensus of $43.2M and $0.27. Gross margin guidance has been cut to 33.5%-33.7% from 34%-35%.
- The optical component maker cites strong demand for cable TV and data center products, as well as its ability to ship 40G transceivers ahead of plan.
- Full Q2 results arrive on Aug. 5. Optical component peer Ocaro (NASDAQ:OCLR) is also having a good day amid a market rally.
Jun. 25, 2015, 2:56 PM
- Oclaro (OCLR -7.6%) has steadily sold off this week in the absence of major news. 1.25M shares have been traded today, topping a 3-month daily average of 1.13M. 2.1M shares changed hands yesterday.
- Going into the week, the optical component vendor was only $0.15 away from a 52-week high of $2.85. Shares remain up 30% YTD.
- Multiple insider buys were seen in May. Needham provided a bullish note in early June.
Jun. 3, 2015, 11:09 AM
- Needham has respectively hiked its targets for Oclaro (OCLR +4.9%) and Alliance Fiber (AFOP +6.4%) by $0.75 and $2 to $3.75 and $25, while reiterating Buy ratings. Fellow optical component vendor NeoPhotonics (NPTN +3.8%) has joined the pair in rallying.
- Needham upgraded Oclaro to Buy in late April. Shares tumbled in early May due to the company's weak FQ4 guidance, but later rebounded with the help of insider buys.
- AFOP has made new 2015 highs today, and is now up 39% YTD. Shares rallied in April in response to a Q1 beat and strong Q2 guidance.
Jun. 1, 2015, 5:39 PM
May 28, 2015, 5:40 PM
May 27, 2015, 1:20 PM| May 27, 2015, 1:20 PM
May 21, 2015, 1:47 PM| May 21, 2015, 1:47 PM
May 5, 2015, 4:32 PM
- Though its FQ3 revenue only slightly missed estimates (and EPS slightly beat), Oclaro (NASDAQ:OCLR) is guiding for FQ4 revenue of $77M-$83M, below an $86.4M consensus.
- The optical component vendor says it's still on track to achieve breakeven adjusted EBITDA by the end of 2015. Peer JDS Uniphase offered soft guidance last week; weak telecom capex has weighed on many companies.
- FQ3 gross margin was 15.8% vs. 16.5% in FQ2 and 12.3% a year ago. FQ4 GM guidance is at 15%-19%. Oclaro ended FQ3 with $123.9M in cash/short-term investments, after raising $61.6M through a convertible offering.
- Shares have fallen to $1.71 AH. They fell 3.1% in regular trading amid a broad tech selloff.
- FQ3 results, PR
Other News & PR