Dallas, Texas 01/23/2014 (FINANCIALSTRENDS) – Oclaro, Inc. (NASDAQ:OCLR) the optical component vendors for telecom networks now have a challenge or two to survive in this industry. The company has noted that there is change from the router and switches paradigm to building layered networks which are driven by plug-in and pull or flexible structures. As with every other technology platform, the telecom network platform too has been undergoing changes towards the layered finish. This has affected sale of components for CISCO, one of the worlds largest telecom component vendors, which in turn has affected sales of smaller component developers manufacturers as Oclaro.
Oclaro spins-off Laser diode business to optimise
Oclaro, Inc. (NASDAQ:OCLR) in early weeks of October had announced that the company would now sell-off its gallium arsenide laser diode business to II-VI(Ticker:IIVI).
Oclaro, Inc. (NASDAQ:OCLR) in October last saw a series of actions, which appear to have had a small say in how things are headed for the company. There had been news of the CFO resigning and this was confirmed later by Oclaro later. Jerry Turin had held the CFO post at Oclar for over 5 years.
Oclaro, Inc. (NASDAQ:OCLR) is a technology company in the semiconductor equipment as well as material realm with its core products in the optical communication market segment. The company is know to offer a wide range of equipment, sub systems as well as modules, components and similar range of products which are vital for the smooth operations of optical fiber commercial end-users. The company has since been serving various industrial requirements for companies engage in the laser consumer market.
Oclaro, Inc. (NASDAQ:OCLR) is a $259.05million market cap company, with volume of 1,022,596 which trades at $2.78 in the third week of January 2014. The company stock prices have had 52 week high prices of $2.87 as well as 52 week low prices of 0.88. The EPS for the company is 0.79.