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Last $2.16 USD
Change Today +0.03 / 1.41%
Volume 45.9K
OCLR On Other Exchanges
Symbol
Exchange
Frankfurt
As of 9:39 AM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

oclaro inc (OCLR) Key Developments

Oclaro, Inc. Reports Unaudited Consolidated Financial Results for the Third Quarter Ended March 28, 2015; Provides Earnings Guidance for the Fourth Quarter Ending June 27, 2015

Oclaro, Inc. reported unaudited consolidated financial results for the third quarter ended March 28, 2015. For the quarter, the company reported revenues of $83,023,000 compared to revenues of $95,398,000 for the same period a year ago. Operating loss was $13,382,000 compared to $22,464,000 last year. Loss from continuing operations before income taxes was $10,723,000 compared to $21,924,000 last year. Loss from continuing operations were $10,186,000 or $0.09 per basic and diluted share compared to $22,669,000 or $0.22 per basic and diluted share last year. Net loss was $10,186,000 or $0.09 per basic and diluted share compared to $22,921,000 or $0.22 per basic and diluted share last year. Adjusted LBITDA was $5,296,000 compared to $12,325,000 last year. Non-GAAP loss from continuing operations were $9,429,000 or $0.09 per basic and diluted share compared to $17,915,000 or $0.17 per basic and diluted share last year. Non-GAAP operating loss was $9,505,000 compared to $17,467,000 last year. CapEx was $4.6 million for the third quarter of fiscal 2015. For the fourth quarter ending June 27, 2015, the company expects revenues in the range of $77 million to $83 million, non-GAAP gross margin in the range of 15% to 19% and adjusted EBITDA in the range of negative $6 million to negative $2 million. Going forward, the company expects CapEx of $5 million to $8 million per quarter to support its growth plans.

Oclaro, Inc. to Report Q3, 2015 Results on May 05, 2015

Oclaro, Inc. announced that they will report Q3, 2015 results at 5:00 PM, US Eastern Standard Time on May 05, 2015

Oclaro, Inc., Q3 2015 Earnings Call, May 05, 2015

Oclaro, Inc., Q3 2015 Earnings Call, May 05, 2015

Oclaro, Inc. Presents at 16th Annual B. Riley & Co. Investor Conference, May-13-2015 03:00 PM

Oclaro, Inc. Presents at 16th Annual B. Riley & Co. Investor Conference, May-13-2015 03:00 PM. Venue: Loews Hollywood Hotel, Los Angeles, California, United States. Speakers: Adam Carter, Chief Commercial Officer, Pete J. Mangan, Chief Financial Officer.

Oclaro, Inc. to Demonstrate SFP28-LR Transceiver Transmitting 28Gbps over 10Km Single Mode Fiber

Oclaro, Inc. announced it will be demonstrating SFP28-LR transceiver capable of transmitting 28Gbps data rates over 10km with approximately 1 Watt of power consumption. Timed with the market availability of Gen 6 Fibre Channel (32GFC, 28.05Gbps) applications, the Oclaro SFP28 transceivers double the transmission rate of previous Fibre Channel solutions (16GFC, 14.025Gbps) and enable the high throughput, energy efficiency and enhanced security required by new hyper-scale SSD storage systems and data centers. The company will be demonstrating prototypes of the new SFP28-LR transceiver at this week's OFC show in Los Angeles, CA in the Oclaro booth #2011. Hyper-scale SSD storage systems and data centers are a vital part of the core infrastructure used in cloud computing, where rapid and reliable storing, accessing, and processing of Big Data represent major technical challenges. Serial transmission rates of around 25Gbps may also be required in a variety of emerging applications, such 25G Ethernet, which is currently being standardized by the IEEE. In these next generation network architectures, SFP28 transceivers provide a cost-effective migration path from existing 10G SFP+ designs by offering a 2.5X increase in capacity. SFP28 modules are also lower in cost, smaller in size, and consume less power than other available options to upgrade the bandwidth, such as 40G QSFP+ transceivers, which are based on four 10G lanes that are multiplexed in wavelength for applications requiring a reach of 10km. The Oclaro SFP28-LR transceiver is SFF-8432 compliant and delivers data rates of 25.78125Gbps (25GE) /28.05Gbps (32GFC) with a reach of up to 10km. Additional features include a BER of less than 10-6, C-Temp, and a power consumption of approximately 1W. Target applications for SFP transceivers operating in the range of 24-28Gbps include Ethernet (25GE) and fiber channel (32GFC). The company is expected to start sampling the SFP28-LR transceivers in the second half of 2015 with a production release scheduled for early 2016.

 

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