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Oclaro, Inc. Message Board

c757172 144 posts  |  Last Activity: Jul 29, 2014 4:16 PM Member since: Nov 22, 2008
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  • Harmonic (NASDAQ:HLIT) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report issued on Tuesday. They currently have a $5.90 price objective on the stock. Zacks‘s price objective suggests a potential downside of 5.30% from the stock’s previous close.

    Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group cut their price target on shares of Harmonic from $8.00 to $7.00 in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating and two have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $6.45.

  • "In the second quarter of 2014, Harmonic recorded a $24.5 million tax charge associated with a higher valuation allowance. The valuation allowance was a result of a history of operating losses in recent years that has led to uncertainty with respect to the Company's ability to realize certain of its net deferred tax assets."

    And so the share price sinks today, the day of the annual shareholder meeting.

    Harshman has to go.

  • Cash level has become uncomfortably low. Growth has become sluggish. Good will and intangibles actually increased in the quarter. Tangible book value is very low. The promises of great growth and large profits start to wear thin. Knowing the history of TRIB and its management, it is becoming worrisome to me.

  • Operating margins improved slightly. Number of diluted shares outstanding increased by more than 1% since previous quarter. While the company is profitable, the only growth (which is sluggish) is due to the occasional small acquisitions. It seems that Vishay has been slowly restructuring forever so the cost should be included also in the Non-GAAP results. The share price is supported by the small dividend, by the relatively low price to book ratio, and by the general market buoyancy. July is almost over, and the $19 price target by Merril Lynch (given in July 2103) never materialized.

  • Reply to

    Today is the 28th

    by buckeyee2005 Jul 28, 2014 4:44 PM
    c757172 c757172 Jul 28, 2014 5:10 PM Flag

    It was just released. There will be no earnings conference call. The results are essentially as the preliminary ones given earlier this month.. The GAAP loss is very high. The company is executing poorly and appears to be eschewing the analysts and investors. Tomorrow is the annual shareholder meeting. Patrick Harshman has to go and perhaps his CFO too.

  • Reply to

    Oclaro Plan to Achieve Profitability

    by gray1808 Jul 27, 2014 2:07 PM
    c757172 c757172 Jul 28, 2014 2:10 PM Flag

    You are speculating too much. Let's wait for the earnings report and guidance to find out to what extent Oclaro's products are in demand and at what gross margins. Adam Carter will not be the panacea to Oclaro's ills.

  • Reply to

    Chance to be heard: proxy vote

    by shrewd_curmudgeon Jul 26, 2014 10:37 AM
    c757172 c757172 Jul 28, 2014 7:04 AM Flag

    I voted against because the compensation of the management of Flextronics is already by far the highest in the industry (taking into account the size of the company). The proxy will be approved because the vast majority of shares is held by institutions that almost always rubber-stamp the BOD recommendations.

    Under the present management, the company had done poorly for its investors for many years. Only recently, the company has shown renewed growth and better results, and the stock got back to double digits. Time will tell whether this growth continues. If the BOD of Flextronics is really confident in the future performance of the company, it should initiate a 3% dividend on a p/e~10.

  • Reply to

    Back in at 8.40

    by kidneyrecipient Jul 25, 2014 10:49 AM
    c757172 c757172 Jul 25, 2014 11:25 AM Flag

    Good luck. Previous share-price troughs this year were near $7.5, so that's likely the downside. The reason Atmel was trading above $9 was the hype of IoT in which, supposedly, Atmel will be a major player (leading to a couple of price target increases). Perhaps this will be the case but before that there will be the reality of the next earnings release. The market will be studying the actual numbers and the guidance, not the hundreds of design wins that Atmel has been claiming now for several quarters.

  • c757172 c757172 Jul 24, 2014 4:58 PM Flag

    "For the second quarter ending September 26, 2014, revenue is expected to be in the range of $6.2 to $6.6 billion and adjusted EPS is expected to be in the range of $0.22 to $0.26 per diluted share. "
    So the mid-range is $6.4B and $0.24. This is a decline from Q1.
    The average of the analyst expectations for Q2 is $6.56B and $0.26. Therefore, I consider the guidance weak.

  • Repurchased 10.5 million shares in Q1. Because of the guidance, I think that the share price will at best stagnate.

  • Reply to

    extr upgrades coming aug 14 earnings

    by a44packer Jul 22, 2014 9:00 PM
    c757172 c757172 Jul 24, 2014 10:43 AM Flag

    Perhaps the sector is hot but from my experience the ranking of stocks by GS is not to be trusted. RKUS appears to be a competitor of EXTR in WiFi networks. Interestingly, taking into account its balance sheet, share count, profitability, and growth rate, the share price of RKUS appears to me valued right now at about 60% premium to EXTR. If EXTR's guidance is good, its share price will catch up with the valuation of RKUS.

  • c757172 c757172 Jul 24, 2014 8:18 AM Flag

    "don't want to hear of new hires, I want to hear production, revenue, and sales numbers!!!"
    As with most companies, that information is given only in the earnings release. Based on the recent results from FNSR and JDSU, and Oclaro's history, it is probable that you won't like what you will hear...

  • Will Harmonic announce or actually do anything beneficial to the shareholders?
    A replacement of Patrick Harshman is long overdue.

  • Reply to

    Upgrade

    by c757172 Jul 22, 2014 8:51 AM
    c757172 c757172 Jul 22, 2014 2:57 PM Flag

    Sanmina price target raised to $28 from $25 at Argus.
    Argus increased its price target on Sanmina after the company reported Q3 results that the firm views as solid. The firm thinks the company has significant untapped earnings power and keeps a Buy rating on the stock.

  • c757172 by c757172 Jul 22, 2014 8:51 AM Flag

    Sanmina (SANM_) was upgraded at Deutsche Bank to hold from sell. Twelve-month price target is $24. Higher sales across the board are leading to better margins, Deutsche Bank said.

  • But not in a big way. The share price has risen remarkably since Q2 results so it is not assured that the Q4 outlook is sufficient to drive the share price beyond its recent high.

  • //GAAP revenue for Q4'14 is expected to be in the range of $153 million to $155 million, compared to guidance of $143 million to $148 million. Non-GAAP revenue is expected to be in the range of $154 million to $156 million, compared to guidance of $145 million to $150 million. GAAP gross margin is expected to be in the range of 52.5% to 53.5% compared to guidance of approximately 50%. Non-GAAP gross margin is expected to be in the range of 56.5% to 57.5% compared to previous guidance of 55%. GAAP operating expenses are expected to be in the range of $95 to $96.5 million compared to guidance of $89 to $92 million. Non-GAAP operating expenses are expected to be in the range of $77.5 to $79 million which is slightly above previous guidance of $76 to $78 million. GAAP net loss is expected to be between $0.16 and $0.18 per diluted share, compared to GAAP net loss guidance of $0.16 to $0.20 per diluted share. Non-GAAP net income is expected to be between $0.06 and $0.08 per diluted share, compared to guidance of $0.02 to $0.04 per diluted share. The anticipated results in this press release are based on management's preliminary unaudited analysis of operations for the quarter ended June 30, 2014. Extreme Networks is announcing these anticipated unaudited preliminary results in part because the release of the final fourth quarter 2014 earnings report will be delayed due to the time required to complete its first year-end financial close and audit process since the Enterasys acquisition. //

    Hopefully, the guidance will be better than the Q4 preliminary results, and the operating expenses are kept tight.

  • Reply to

    This Company

    by insiderinfo911 Jul 20, 2014 3:43 PM
    c757172 c757172 Jul 20, 2014 9:05 PM Flag

    Yes. It earned $0.29/sh in its FY2010 but lost much larger amounts of money in all other years of its existence. In 2010, the average share count was about 47M; now it is over 107M. This is not, and never was, an investment-grade company. It is for nimble speculators.

  • Reply to

    Flextronics to buy back 20% of stock???

    by dsac0430 Jul 18, 2014 6:37 PM
    c757172 c757172 Jul 20, 2014 8:37 PM Flag

    Not true.

    Flextronics repurchased 60 million shares for $475 million in fiscal 2014 and 258 million shares for $1.7 billion over the past four fiscal years, reducing shares outstanding by 27%.

    The current share count is about 610M. IF Flextronics repurchases 60M shares in iFY2015, as it did in FY2014, that will be 10% reduction, NOT 20%.

  • Reply to

    A PR about a donation...

    by c757172 Jul 15, 2014 10:02 AM
    c757172 c757172 Jul 17, 2014 3:10 PM Flag

    Still no PRs about actual sales.

    "Extreme Networks Takes the Stage with Leading Sports Franchises at Premier Sports and Entertainment Technology Conference

    SAN JOSE, Calif., July 17, 2014 /PRNewswire/ -- As the Official Wi-Fi Analytics Provider of the National Football League (NFL), Extreme Networks, Inc. (EXTR), is a proven leader in providing the world's leading sports franchises with visibility into network usage that can be utilized to better engage with fans. As expectations of 21st century's fans continue to evolve, fans have grown to expect a high quality network experience upon entering a venue. Through several strong relationships with a number of NFL teams, Extreme Networks' technology is helping sports organizations as well as stadiums around the country to meet these demands and enhance the in-stadium experience for fans.

    At the Sports & Entertainment Alliance in Technology (SEAT) 2014 Conference, a leading sports executive conference primarily focused on technology systems, Extreme Networks will host sessions with leaders pushing the use of cutting-edge stadium technology to showcase the impact of Wi-Fi analytics and big data on the fan experience and in-person technology engagement of fans at games."

OCLR
1.95+0.01(+0.52%)Jul 30 4:00 PMEDT

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