Key Developments: Oclaro Inc (OCLR.O)
1.09USD
17 May 2013
$-0.01 (-0.91%)
$1.10
$1.11
$1.11
$1.08
653,007
854,620
$3.19
$0.99
Latest Key Developments (Source: Significant Developments)
Oclaro Inc Issues Q4 2013 Guidance Below Analysts' Estimates
Oclaro Inc announced that for the fourth quarter of 2013, it expects revenues in the range of $132 million to $144 million and adjusted EBITDA in the range of negative $30 million to negative $17 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $157 million and EBITDA of $(13) million for fourth quarter of 2013. Full Article
Oclaro Inc Issues Q3 2013 Guidance Below Analysts' Estimates
Oclaro Inc announced that for the third quarter of 2013, it expects revenues in the range of $140 million to $155 million and adjusted EBITDA in the range of negative $25 million to negative $13.5 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $156 million and EBITDA of $(9.2) million for third quarter of 2013. Full Article
Oclaro Inc's Subsidiary Announces Pricing Of $25 Million Of Exchangeable Senior Secured Second Lien Notes Due 2018
Oclaro Inc announced that its wholly-owned subsidiary, Oclaro Luxembourg S.A. (the "Issuer"), priced its offering of $25,000,000 in aggregate principal amount of 7.50% Exchangeable Senior Secured Second Lien Notes due 2018 (the "Notes") to be sold to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The sale of the Notes is expected to close on December 14, 2012, subject to customary closing conditions. The Company intends to use the net proceeds of approximately $23.2 million from the offering for general corporate purposes, including working capital. In addition, the Company may use a portion of the net proceeds to acquire or invest in complementary businesses, products or technologies. The Company's management will have discretion in applying the net proceeds of the offering. Full Article
Oclaro Inc's Oclaro Luxembourg S.A. Announces Intention To Offer $25 Million Of Exchangeable Senior Secured Second Lien Notes Due 2018
Oclaro, Inc. announced that its wholly-owned subsidiary, Oclaro Luxembourg S.A. (Issuer), has commenced a private offering, subject to market and other conditions, of approximately $25,000,000 in aggregate principal amount of Exchangeable Senior Secured Second Lien Notes due 2018, to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The Notes will be exchangeable into shares of common stock of the Company. The indenture governing the Notes will contain covenants restricting the Company's ability and the ability of certain subsidiaries of the Company to incur debt, make certain restricted payments, create liens, sell or dispose of certain assets and enter into certain mergers or corporate transactions. The Issuer's obligations under the Notes will be guaranteed by the Company and certain of its domestic and foreign subsidiaries, and will be secured by second priority liens on substantially all the tangible and intangible assets of the Company, the Issuer and the guarantors. The Company intends to use the net proceeds of the offering for general corporate purposes, including working capital. In addition, the Company may use a portion of the net proceeds to acquire or invest in complementary businesses, products or technologies. The Company's management will have significant discretion in applying the net proceeds of the offering. Full Article
Oclaro Inc Agrees To Sell Thin Film Filter Business And Interleaver Product Line To II-VI, Inc. 's Photop Technologies, Inc.
Oclaro Inc announced that it has signed a definitive agreement to sell the assets of its Santa Rosa thin film filter business to Photop Technologies, Inc., a wholly-owned subsidiary of II-VI, Inc. Pursuant to the agreement, Oclaro will also sell its interleaver product line to Photop Koncent, Inc. (FuZhou), a wholly owned subsidiary of II-VI. Both transactions are expected to close December 3, 2012. Full Article
Oclaro Inc Issues Q2 2013 Guidance In Line With Analysts' Estimates
Oclaro Inc announced that for second quarter 2013, revenues in the range of $145-$162 million, adjusted EBITDA in the range of negative $20-negative $9million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $158 million and EBITDA of $(11) million for second quarter of 2013. Full Article
Oclaro Inc Lowers Q1 2013 Revenue Guidance
Oclaro Inc announced that for the first quarter of 2013, it expects preliminary revenues of approximately $149 million, compared to the low end of its guidance of $154 million, previously issued on July 31, 2012. According to I/B/E/S estimates analysts are expecting the Company to report revenue of $162 million for the first quarter of 2013. Full Article
Oclaro, Inc. Issues Q1 2013 Guidance
Oclaro, Inc. announced that for the first quarter of 2013, it expects revenue to be in the range of $154 million to $168 million. Adjusted EBITDA in the range of negative $17.0 million to negative $8.0 million. The outlook for the first quarter of fiscal 2013 includes the financial results from Opnext, Inc. since the merger close, which was effective July 23, 2012. Full Article
Oclaro, Inc. And Opnext, Inc. Completes Merger
Oclaro, Inc. and Opnext, Inc. announced shareholder approval of their merger, which closed July 23, 2012. The combined company will continue to operate under the Oclaro name, and unveiled a new logo and brand identity. Opnext shareholders will receive a fixed ratio of 0.42 shares of Oclaro common stock for every share of Opnext common stock they own. Full Article
Oclaro, Inc. Issues Q4 2012 Guidance In Line With Analysts' Estimates
Oclaro, Inc. announced that for fourth quarter of 2012, it expects revenue to be in the range of $100-$109 million and adjusted EBITDA in the range of negative $6.5 million to negative $1.0 million. According to I/B/E/S estimates analysts are expecting the Company to report revenue of $109 million and EBITDA of $(1.44) million for fourth quarter of 2012. Full Article
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