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Oclaro, Inc. Message Board

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  • I just listened to the B Riley conference webcast at the Oclaro Investor Relations site.

    Dr. Adam Carter (OCLR Chief Commercial Officer and ex-Cisco GM of the Optical Component Group) gave an update on the prospects for the next fiscal year starting in July 2016.

    He said that OCLR is well positioned as a leader in a hot market of 100G/200G with several new products just starting to entering mass production. There is such a strong demand that the customers are willing to sign long term contracts with fixed pricing.

    Concerning China, Dr. Carter just returned from a China trip and he sees no issues with continued growth and strong demand including ZTE.

    Perhaps the most interesting comment from Dr. Carter was that he has been in this business a long time and this is the first time that the strong demand has put Oclaro in such a good position as the vendor with the right products at the right time with fab and manufacturing capacity.

  • Oclaro: MKM sees 40% upside

    Mar 16 2016, 17:23 ET | By: SA Eli Hoffmann, SA News Editor

    MKM starts Oclaro (NASDAQ:OCLR) at Buy.

    Price target is $6.00. Implied upside 40%.

    "We have followed Oclaro (and its predecessors Avanex and Bookham) for over fifteen years, but have never officially covered it until now. For most of the last decade and a half, we thought of it as an asset that should go away so that Optical component industry capacity and competition could ease.

    "We now have a very different and very positive view of the company. Even with the stock up 146% in the past year (vs. NASDAQ down 3%), we recommend buying it here.

    "In 2013, management was significantly upgraded when Greg Dougherty was named CEO and Pete Mangan was appointed CFO. Today, Oclaro is well positioned to benefit from strong 100G demand growth in the Telecom, Datacom and DCI end markets via an increasingly impressive product portfolio serving a $1+billion 100G addressable market in 2016."

  • Beats on all fronts, including outlook. Bodes well for OCLR tomorrow IMO. Everyone is firing on all cylinders and OCLR enjoys good solid management these days. I'm feeling good about it.

    Sentiment: Strong Buy

  • Well done!

    For Q4:
    Revenues in the range of $115 million to $123 million.
    •Non-GAAP gross margin in the range of 27% to 30%.
    •Non-GAAP operating income in the range of $7 million to $11 million.

  • Listening to the CC. This is easily an $8 stock in the near term.

  • We have not seen 5$ since July 2011. Surging back to 17 $ as it was in 2011? Hard times are gone for Oclaro and 100 Gb market will bring the stock higher and higher!

    Sentiment: Strong Buy

  • OCLR is looking to be the 2016 stock of the year.

  • Who's with me?

    Sentiment: Strong Buy

  • U.S. to offer China’s ZTE 'temporary relief' on export curbs: official
    By Steve Stecklow

    (Reuters) - The U.S. Department of Commerce is expected this week to lift export curbs it imposed on Chinese telecom equipment and smartphone maker ZTE Corp for alleged Iran sanctions violations.
    "The relief would be temporary in nature and would be maintained only if ZTE is abiding by its commitments to the U.S. Government," according to a senior official at the agency.
    The Commerce Department restrictions imposed earlier this month made it difficult for ZTE to acquire U.S. components by requiring its suppliers to apply for an export license before shipping any American-made equipment or parts to ZTE.
    The department had said the license applications generally would be denied.
    Shenzhen-based ZTE has been “in active, constructive discussions” with the Commerce Department for the past week, according to a senior official at the agency.
    “As part of the effort to resolve the matter, and based upon binding commitments that ZTE has made to the U.S. government, Commerce expects this week to be able to provide temporary relief from some licensing requirements,” the official said.
    The details of the commitments are expected to be published this week in the U.S. Federal Register.

    Huawei and ZTE Benefit From Higher Demand in China
    REDWOOD CITY, Calif. – February 23, 2016 – In a recently published report from Dell’Oro Group, the trusted source for market information about the telecommunications, networks, and data center IT industries, the Optical Transport Equipment market grew 10 percent year-over-year in the fourth quarter of 2015, propelling market revenue to just under $4 B for the quarter and over $13 B for the full year.

    “Demand for optical transport equipment was much higher than we expected in the fourth quarter,” said Jimmy Yu, Vice President at Dell’Oro Group. “Two areas in particular, out-performed expectations and reached new record revenue levels in the year: demand for WDM Metro equipment, which we approximate to have grown 15 percent globally in 2015; and the level of optical equipment purchases in China, which rose by 11 percent,” added Yu.

    Other highlights from Dell’Oro Group’s Optical Transport Quarterly Report:

    The top two global vendors were Huawei and ZTE. Each vendor enjoyed solid share gains in the quarter compared to the fourth quarter 2014 due to rising sales in China.
    WDM Metro revenue growth outpaced all the other optical technology segments including DWDM Long Haul. This was the first year since 2011 that WDM Metro grew at a higher rate than DWDM Long Haul.
    Sales of 200 Gbps coherent line cards have reached a material level in the quarter, and we project them to more than triple in 2016.

  • Seems like the ZTE issue is water under the bridge. This plus the recent product news plus the MKM coverage is going to make for a very bad Monday morning for the short contingent.

    Sentiment: Strong Buy

  • Reply to

    THIS IS WHY !!!

    by clive_catar May 17, 2016 3:35 PM

    So the 5 analysts that upgraded the stock after the recent earnings are fools or did they pump to dump?
    5/17/2016 B. Riley Reiterated Rating Buy $7.50
    5/4/2016 MKM Partners Boost Price Target Buy $6.00 - $6.50
    5/4/2016 Piper Jaffray Boost Price Target Overweight $6.50 - $6.75
    5/4/2016 Needham & Company LLC Boost Price Target Buy $6.50 - $7.00
    5/4/2016 Stifel Nicolaus Boost Price Target Buy $6.00 - $6.50

  • " China continues to be very strong for us and we are well positioned with all four of the major network equipment manufacturers in the region. We have robust demand for all of our 100G products, as well as unanticipated demand for 10G parts.

    As an industry analyst research firm recently reported, the outlook is for continued strong growth in China, not just for the balance of this calendar year, but well into 2017. We believe that demand for 100G is for widely publicized backbone and metro networks, while the 10G products are for metro networks and access aggregation.

    This strength in 10G is important, as we now have a final plan for the end of life of our 40G line side business. Last quarter, we shipped $11.5 million in 40G products. As part of our exit, we expect that the 40G business will drop by between $3 million and $4 million in each of this quarter, Q4, and our Q1 of fiscal 2017.

    Given the strength of our 10G business, we expect our total 40G and below business to drop by only 5% in Q4 and then to remain fairly flat in the mid $30 million range for the rest of this calendar year.

    Our 100G growth is not just coming from China, but also being driven by more 100G being deployed in packet optical networks, the move to single mode 100G in the data center, and the emerging metro market."

  • Reply to

    Well, today was a bummer.

    by schloppyone May 4, 2016 3:16 PM

    4x normal vol, this isn't selling, it's naked shorting. Stuff like this is ruining the mkt for small cap stocks, and small cap stock investors.

  • The latest OCLR conference call transcript has extensive discussion about the OCLR factories in Asia. For example:

    "Our CFP2 ACO continues to lead the market and we continue to see very strong demand. The ACO has completed our qualification at our UK pilot operation and we have now achieved interim qualification for our China optical subassembly volume manufacturing line. We have also received customer signoff on the production lines at our factory in Shenzhen and for Ventures factory in Penang. We remain on track to see first shipments from Asia to customers in late March.

    We will ramp both manufacturing lines for the ACO over this calendar year and we expect to go from shipping hundreds per quarter to thousands per quarter by the end of this year."

  • Go baby go!!!!!!!!!!!!!!!!!!!!!!

    Sentiment: Strong Buy

  • The Caixin China services purchasing managers index, which pointed to a recovery in China’s services sector, adding to a string of recent positive economic data out of the world’s second-largest economy. The index rose to 52.2 in March from 51.2 a month earlier.

    Sentiment: Strong Buy

  • Reply to

    Perilous Reversal? Sell? Dead Cat Bounce?

    by aluminus Mar 11, 2016 10:50 AM

    Looks to me that Streetwise is just like that Zacks automated BS. They wrote some code that looks at technicals and then makes recommendations. The "AI", if you want to call it that, is not capable of analyzing or understanding non-numerical facts about the company - such as announcements about strong sales or the ZTE snafu. I would say disregard.

    Sentiment: Hold

  • 5/4/2016 MKM Partners Boost Price Target Buy $6.00 - $6.50
    5/4/2016 Piper Jaffray Boost Price Target $6.75
    5/4/2016 Needham & Company LLC Boost Price Target Buy $6.50 - $7.00
    5/4/2016 Stifel Nicolaus Boost Price Target Buy $6.00 - $6.50

    Let's hope that the stock recovers toward $6 which will be IMO the time to get rid of it for good.


    goooood bye RIP

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