Here’s What’s Wrong with Oclaro

| + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Oclaro, Inc. (NASDAQ:OCLR) Friday announced preliminary revenues for its just-ended fiscal first quarter that were troublingly lower than expected.

The optical components provider reported Q1 revenues of $149 million, compared to the $154 million that marked the low end of its guidance issued back on July 31.

Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.

The company has cited a number of reasons for the lower-than-expected revenues, including: weak market conditions, a slower-than-anticipated recovery of shares due to Thai flooding and a slow ramp of new products.

Also, this fiscal quarter was Oclaro’s first since acquiring Opnext on July 23 and investors must question whether the deal is encouraging customers to diversify.

Fiber industry competitors like JDS Uniphase (NASDAQ:JDSU) and Finisar (NASDAQ:FNSR) could potentially see their stock prices take a hit alongside Oclaro’s.

Don’t Miss: Gannett Gives Dish an Ultimatum: The Clock is Ticking.

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business