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Wednesday, May 8, 12:53 PM Midday top 10 gainers: TRMD +68%. SYNM +35%. AFFY +35%. ALXA +25%. CSPI +21%. PSE +21%. NBG +20%. WBMD +18%. SCOK +17%. EA +16%.
Midday top 10 losers: FIO -25%. OCLR -23%. LIOX -18%. VCLK -17%. AXLL -16%. OCLS -15%. BTH -15%. SALM -13%. ACFC -12%. SNTA -12%. Comment! [On the Move]
Wednesday, May 8, 10:49 AM New all-time lows are being posted by Oclaro (OCLR -23.5%) following its FQ3 miss and light FQ4 guidance, which suggests the Opnext merger isn't going swimmingly. Some optical component/networking names are seeing moderate pressure in response: FNSR -2.9%. FN -2.2%. INFN -2.1%. JDSU -1%. Oclaro is guiding for FQ4 revenue $132M-$144M, well below a $159.5M consensus. The company, which ended FQ3 with $81M in cash and $64M in debt, also says it has obtained a $25M credit line from Providence Equity. On the earnings call, Opnext blamed its woes on carrier spending, and insisted its performance is in-line with that of peers. (PR) 2 Comments [Tech, Earnings, On the Move]
Wednesday, May 8, 9:17 AM Premarket gainers: ALXA +51%. PSE +19%. LEDR +16%. NBG +11%. WFM +8%. EA +6%. PRTS +6%. SFUN +6%. CTSH +5%.
Losers: FIO -22%. VCLK -19%. OCLR -19%. AXLL -9%. CIE -7%. CHRW -7%. SODA -6%. DDD -6%. SYMC -5%. Z -5%. VVUS -5%. Comment! [On the Move]
Tuesday, May 7, 4:24 PM Oclaro (OCLR): FQ3 EPS of -$0.37 misses by $0.04. Revenue of $141.6M misses by $6.54M. (PR) Comment! [Earnings, Breaking News, Tech]
Tuesday, May 7, 12:10 AM Notable earnings after Tuesday’s close: ANDE, ARAY, AWK, AXLL, BIO, BIOL, BMC, BWC, CA, CDXS, CHRW, CODI, DGI, DGIT, DIS, DVA, EA, ENPH, EXEL, GA, GPOR, HTA, IAG, JAZZ, KGC, LYV, MAKO, MCEP, MCK, MDLZ, MITK, MRO, MYGN, NVTL, OAS, OCLR, OHI, ONXX, ORA, PRI, RBCN, SD, SGEN, SYMC, SYNC, TRIP, TWO, URS, VCLK, WBMD, WFM, WMB, WPZ, WTI, Z 1 Comment [Earnings]
Monday, May 6, 5:35 PM Notable earnings after Tuesday’s close: ANDE, ARAY, AWK, AXLL, BIO, BIOL, BMC, BWC, CA, CDXS, CHRW, CODI, DGI, DGIT, DIS, DVA, EA, ENPH, EXEL, GTEK, GA, GPOR, IAG, JAZZ, KGC, LYV, MAKO, MCEP, MCK, MDLZ, MITK, MRO, MYGN, NVTL, OAS, OCLR, OHI, ONXX, ORA, PRI, RBCN, SD, SGEN, SYMC, SYNC, TRIP, TWO, URS, VCLK, WBMD, WFM, WMB, WPZ, WTI, Z 1 Comment [Earnings]
Wednesday, April 10, 11:04 AM Adtran's (ADTN +13%) Q1 beat is contributing to strong gains in telecom equipment, chip, and component stocks, as investors take it as another sign of improving telecom capex going into earnings season. Adtran's remarks about strong demand from both U..S. and international carriers can't be hurting. CSCO +2.5%. CIEN +6.4%. JDSU +4.6%. ALU +4.6%. FN +4.8%. FNSR +6%. PKT +4.2%. RKUS +4.2%. JNPR +3.9%. CAVM +3%. INFN +2.9%. OCLR +4%. SONS +2.5%. 2013 has seen a string of rallies (I, II, III) tied to capex hopes. Comment! [Tech, On the Move]
Monday, March 18, 2:31 PM JDS Uniphase (JDSU -1.4%) and Oclaro (OCLR -1.7%) are off modestly after Cisco (CSCO) announces a 100G silicon optical transceiver it claims offers a 70%+ cut in space/power needs relative to traditional solutions. A 100G line card for a Cisco optical transmission/switching system will be the first product to use one, but the networking giant promises "future routing and switching line cards" will also rely on them. JDS, Oclaro, and Finisar (FNSR +0.1%) have all been pressured by concerns over the adoption of silicon photonics tech, but opinions vary about the near-term impact. Comment! [Tech]
Thursday, March 14, 10:05 AM Telecom equipment and component makers trade higher after China Mobile (the world's largest carrier) forecasts a 49% Y/Y increase in capex in 2013 to a hefty RMB190.2B ($30.6B). Vodafone and France Telecom's plans to build a fiber network in recession-hit Spain might not be hurting either. FNSR +6.6%. ALU +2.9%. JNPR +2%. OCLR +4.8%. CIEN +1.5%. JDSU +1.5%. ALLT +3.3%. ERIC +1.2%. 1 Comment [Tech, On the Move]
Thursday, March 7, 10:11 AM It's rally time for telecom equipment and optical component makers, as the Street sees positive implications in Ciena's FQ1 beat and respectable FQ2 guidance for service provider capex. JDSU +6.2%. JNPR +4%. FNSR +4.5%. INFN +5.1%. ADTN +2.5%. RVBD +1.7%. FFIV +2.3%. CALX +2.1%. OCLR +5.7%. OPLK +2.7%. EXFO +4.5%. Comment! [Tech, On the Move]
Tuesday, February 5, 10:49 AM Fabrinet (FN +6.7%) is rallying following its FQ2 beat, and is lifting both fellow contract manufacturers and the company's optical component industry clients along the way. SANM +3.2%. JBL +2.1%. FLEX +2.1%. BHE +4.5%. JDSU +2.3%. FNSR +4%. OCLR +1.9%. The gains come even though Fabrinet is guiding for FQ3 revenue of $147M-$151M and EPS of $0.29-$0.31, below a consensus of $161.7M and $0.37. Optical component stocks have been on a tear lately. Comment! [Tech, On the Move, Earnings]
Thursday, January 31, 7:42 PM More on Oclaro (OCLR): FQ2 misses the mark on EPS estimates but comes in line on total revenue. The company issues cautious guidance going forward, saying that market and economic conditions remain uncertain in a typically softer March quarter. It now expects Q3 sales of $140.0M - 155.0M, versus analysts estimates of $153.70M. Shares -6.2% AH. Comment! [Earnings, On the Move]
Thursday, January 31, 6:23 PM Oclaro (OCLR): FQ2 EPS of -$0.28 misses by $0.03. Revenue of $159.5M beats by $5M. (PR) 1 Comment [Earnings, Breaking News, Tech]
Thursday, January 31, 10:51 AM Just about anyone competing with JDS Uniphase (JDSU +17.7%) in a major way is higher after the optical component/test equipment firm beat FQ2 estimates and issued healthy FQ3 guidance. FNSR +10.8%. OCLR +10.5%. NPTN +4.3%. OPLK +4.7%. EXFO +6.6%. XXIA +1.9%. Telecom equipment makers are also up, lifted by both JDS and Ericsson's results: INFN +4.4%. CIEN +6.4%. ADTN +2.7%. JNPR +2.6%. PKT +3.6%. ALLT +3.2%. JDS mentioned on its earnings call "recent announcements and customer dialogue" bode well for 2013 telecom capex. Comment! [Tech, On the Move, Earnings]
Wednesday, January 30, 5:03 PM More on JDS Uniphase: FQ3 guidance is for revenue of $405M-$425M, in-line with a $414.8M consensus and perhaps better than feared given recent history. Gross margin +220 bps Q/Q and +90 bps Y/Y in FQ2 to 48%. Telecom test/measurement sales -0.4% Y/Y, better than FQ1's 8.5% drop. Optical component sales +12.7% (+8.6% in FQ1), lasers +20.3% (+5.6% prior), optical security/performance products -4% (+11.7% prior). JDSU +7.1% AH. CC getting started (webcast). FNSR +4.3%. OPLK, OCLR, NPTN, and XXIA could also rally. (PR) (slides) (fact sheet) Comment! [Tech, Earnings]
Friday, January 25, 6:15 PM Though Finisar (FNSR) and JDS Uniphase (JDSU) fell last week on concerns about 100G silicon photonics solutions from Intel and Cisco, "it's not time to panic," writes Light Reading's Craig Matsumoto. Intel's solution is meant for server boards, and the company doesn't see 100G server interfaces taking off for a few years. Cisco's offering, meanwhile, is only meant for Cisco hardware. Needham argues Intel's solution is only good for short distances, and that Finisar will be able to deliver 100G modules with "lower power, tighter density and lower costs" than Cisco's 1 Comment [Tech]

OCLR Oclaro, Inc.

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Oclaro, Inc.