Showing posts with label Oclaro. Show all posts
Showing posts with label Oclaro. Show all posts

Wednesday, September 19, 2018

Oclaro to showcase laser portfolio at ECOC 2018

At next week's ECOC Exhibition in Rome, Italy, Oclaro will showcase its full suite of high-speed lasers for access and wireless networks.

Designed to meet the high-performance and rigorous environmental conditions of access deployments, these

The line-up includes:

  • A 25 Gbps uncooled Industrial-temperature (I-temp) rated Direct Modulated DFB laser (DML) chip. The 25 Gbps uncooled DML chip is capable of operating at high temperature up to 95C, which means that transceiver suppliers will not have to mount an expensive, power-hungry thermoelectric cooler inside. In addition, the high bandwidth of the Oclaro DML chip enables 50 Gbps PAM4 waveforms to be obtained with 5 dB Extinction Ratio and TDECQ values of less than 2.0dB. These features enable the laser to operate in 50GbE transceivers such as SFP56 or QSFP28.
  • A 10 Gbps high-power I-temp DML laser chip. that is designed for carriers currently upgrading the data rate to 10 Gbps as per the new XGS-PON/10GE-PON standards. By enhancing its DML waveguide design, Oclaro has been able to deliver a 10 Gbps high-power 1270nm DML chip for ONU equipment for XGS-PON/10GE-PON. Key differentiators of this laser chip are its high optical output power (15mW at 95C) and high bandwidth (more than 15GHz).
  • New electro-absorption modulated (EML) lasers that also service data center applications. Oclaro's EML designs are capable of high-speed operation for 100 Gbps PAM4 using an extremely high-bandwidth modulator. Oclaro EMLs have passed the rigorous damp heat operating and storage requirements of GR-468, making them an attractive option for coolerless operation over typical data center temperature ranges. 
Oclaro said it has recently expanded its production capacity by investing in new wafer fab equipment in its Japan and UK production facilities. The expansion will meet growing customer demand for these lasers and in anticipation of the future ramp of 5G optical links.

"Network upgrades to the current access infrastructure will require a new generation of low-cost, robust, and high-speed lasers that can withstand the rigorous requirements demanded by deployments in outdoor enclosures and uncontrolled temperature nodes," said Walter Jankovic, President of Oclaro's Optical Connectivity Business Unit. "Oclaro has designed its lasers specifically to deliver a higher level of performance over wide operating temperature ranges and support critical features such as PAM4 modulation. These lasers are expected to be critical components to support the introduction of 5G wireless networks by enabling customers to upgrade their wireless fronthaul links from 10 Gbps to 25 Gbps to 50 Gbps."

Oclaro's 25 Gbps uncooled DML chip I-temp, 10 Gbps high power DML LD chip I-temp, and EMLs are all currently in mass production.

Wednesday, July 11, 2018

Oclaro shareholders approve acquisition by Lumentum

Oclaro's stockholders voted to approve the merger agreement under which Lumentum will acquire Oclaro.  Approximately 96.2% of voting Oclaro stockholders cast their votes in favor of the proposal to approve the merger agreement, representing approximately 65.6% of Oclaro's outstanding common stock as of the record date for the Special Meeting of Stockholders.

Greg Dougherty, Oclaro CEO, commented, "Today our stockholders voted overwhelmingly to approve the combination of Oclaro and Lumentum.  Together, we will be an even stronger player in fiber optic components and modules for high-speed communications and a market leader in 3D sensing. We are excited and optimistic about the opportunities this creates for all of our stakeholders, including stockholders, employees, customers and partners."

Lumentum to acquire Oclaro for $1.8 billion

Lumentum agreed to acquire Oclaro for approximately $1.8 billion in cash and stock.

Under the deal, Oclaro stockholders will be entitled to receive $5.60 in cash and 0.0636 of a share of Lumentum common stock for each share of Oclaro stock, representing a premium of 27% to Oclaro's closing price on March 9, 2018 and a premium of 40% to Oclaro's 30 day average closing price.  Oclaro stockholders are expected to own approximately 16% of the combined company at closing.

The combined company is expected to have annual revenue of $1.733 billion and an operating margin of 19%, prior to synergies from the combination.

Lumentum, which is based in Milpitas, California, supplies a range of optical components and subsystems for telecom, enterprise, and data center networking equipment. The company was created in 2015 as a split off from JDSU.

Oclaro supplies optical components and modules for the long-haul, metro and data center markets. The company is based in San Jose, California.

Tuesday, May 29, 2018

Oclaro and Acacia collaborate on 100/200G CFP2-DCO

Acacia Communications and Oclaro are collaborating on a multi-vendor environment of fully interoperable CFP2-DCO modules based on Acacia’s Meru DSP.

Specifically, Oclaro plans to launch a new CFP2-DCO module that will feature plug-and-play compatibility with the Acacia CFP2-DCO, providing customers with two proven coherent optics suppliers for the 100/200G CFP2-DCO form factor. 

CFP2-DCOs integrate the coherent DSP into the pluggable module. The digital host interface enables simpler integration between module and system resulting in faster service activation and a pay-as-you-grow deployment model for telecommunication providers whereby the cost of additional ports can be deferred until additional services are needed.

The CFP2-DCO pluggable form factor, which is being introduced by multiple network equipment manufacturers (NEMs) in switch, router, and transport platforms, supports four times higher density than current generation 100G CFP-DCO solutions by doubling the data rate.

The companies said their CFP2-DCO pluggable coherent modules support transmission speeds of 100G and 200G for use in access, metro and data center interconnect markets.  In addition to proprietary operating modes, both companies intend to support the requirements of the Open ROADM MSA for interoperability at 100G.

“Network operators and our system partners have been excited about the ramp of our CFP2-DCO module,” said Benny Mikkelsen, Chief Technology Officer of Acacia Communications.  “By partnering with Oclaro to ensure interoperability with their Meru-based CFP2-DCO module, we believe we will be better positioned to address the DCO market as industry trends shift favorably toward the CFP2 form factor.  We are excited about our relationship with Oclaro and believe that broader adoption of 200G CFP2-DCO modules will be mutually beneficial to our two companies and the customers we serve.”

“Our 43Gbaud Coherent Transmitter Receiver Optical Sub-Assembly (TROSA) is at the heart of our CFP2-DCO. The TROSA leverages proven Indium Phosphide PIC technology from Oclaro’s highly successful CFP2-ACO to achieve industry-leading optical performance in a small form factor,” said Beck Mason President of the Integrated Photonics Business at Oclaro. “By establishing a fully interoperable solution with Acacia, our customers will have two sources of supply for these critical components, enabling them to efficiently upgrade their networks to higher speeds.”

Monday, March 12, 2018

Lumentum to acquire Oclaro for $1.8 billion

Lumentum agreed to acquire Oclaro for approximately $1.8 billion in cash and stock.

Under the deal, Oclaro stockholders will be entitled to receive $5.60 in cash and 0.0636 of a share of Lumentum common stock for each share of Oclaro stock, representing a premium of 27% to Oclaro's closing price on March 9, 2018 and a premium of 40% to Oclaro's 30 day average closing price.  Oclaro stockholders are expected to own approximately 16% of the combined company at closing.

The combined company is expected to have annual revenue of $1.733 billion and an operating margin of 19%, prior to synergies from the combination.

Lumentum, which is based in Milpitas, California, supplies a range of optical components and subsystems for telecom, enterprise, and data center networking equipment. The company was created in 2015 as a split off from JDSU.

Oclaro supplies optical components and modules for the long-haul, metro and data center markets. The company is based in San Jose, California.

"Joining forces with Oclaro strengthens our product portfolio, broadens our revenue mix, and positions us strongly for the future needs of our customers.  Oclaro brings its leading Indium Phosphide laser and Photonic Integrated Circuit and coherent component and module capabilities to Lumentum.  The combined company will drive innovation faster and accelerate the development of products to enable our customers to win," said Alan Lowe, Lumentum's President and CEO.  "We are delighted to welcome the talented Oclaro team to Lumentum and look forward to a swift completion of the transaction with a focus on supporting our customers and delivering shareholder value."

"I am very pleased that two of the optical industry leaders, Oclaro and Lumentum, will join forces.  Together, we will be an even stronger player in fiber optic components and modules for high-speed communications and a market leader in 3D sensing.  This is a fantastic combination for all of our stakeholders, including stockholders, employees, customers and partners," said Greg Dougherty, Oclaro's CEO, "I am extremely proud of what the Oclaro team has accomplished over the last five years. We have enjoyed tremendous success and this combination will create even more exciting opportunities for the team."

Tuesday, March 6, 2018

Oclaro ships 100G PAM4 EML laser chips

Oclaro announced general market availability of its 100G PAM4 EA-DFB EML chips for next-generation, transceiver applications, enabling 100G per wavelength and paving the way for 200 Gbps and 400 Gbps in data center networks.

The new 100G PAM4 EML laser chips operating at 53 Gbaud with up to 40Ghz bandwidth (@ 20°C) and 6dB extinction ratio (@70°C).

Oclaro also announced additional wafer fab capacity upgrades for DML and EML laser production, providing greater availability for its world-class components. This newly installed production capacity will enable Oclaro to satisfy the increasing demand for cost-effective high-speed transceivers.

"Oclaro's proven laser technology has been the benchmark for high-performance and reliability, and is ideally suited to support the PAM4 modulation formats used to deliver higher-speed networks affordably," said Yves LeMaitre, Chief Strategy Officer of Oclaro. "With the explosive growth of large scale data centers, the demand for these lasers has never been greater and by increasing our manufacturing capacity, Oclaro can ensure its customers have the supply they need to be successful."

Oclaro samples 1310nm DFB-MZ PICs for 100G/400G PAM4

Oclaro announced sampling 1310nm photonic integrated circuits (PICs) that integrate a DFB laser with a Mach Zehnder modulator for intra-data center applications using CWDM wavelengths. 

The 1310nm DFB-MZ PIC, which leverages Oclaro's expertise in 1310 DFB lasers and its Indium-Phosphide high-bandwidth modulator technology, is aimed at shorter-reach applications such as higher-speed connectivity across data center campuses.

"The need for ever-increasing capacity within the data center is making it critical to develop higher-speed and more integrated component technology," said Beck Mason, President of Oclaro's Integrated Photonic Business. "Oclaro has a long history of delivering proven direct detect and coherent technology and we are pleased to be the first supplier to now offer a 1310nm DFB-MZ PIC capable of supporting the demanding 100 Gbps per wavelength PAM4 applications."

Monday, February 5, 2018

Oclaro posts quarterly sales of $139 million

Oclaro reported revenues of $139.3 million for its second quarter of fiscal 2018, compared with revenues of $155.6 million in the first quarter of fiscal 2018, and revenues of $153.9 million in the second quarter of fiscal 2017. GAAP gross margin was 37.2% for the second quarter of fiscal 2018, down from 39.5% in the second quarter of fiscal 2017. Non-GAAP operating income was $24.5 million for the second quarter of fiscal 2018. This compares with non-GAAP operating income of $34.6 million in the first quarter of fiscal 2018, and non-GAAP operating income of $36.2 million in the second quarter of fiscal 2017.

"The December quarter results were in line with our expectations. While revenue declined from the prior quarter, the team again delivered strong gross margin, profitability and cash flow," said Greg Dougherty, Chief Executive Officer, Oclaro. "While we project March quarter revenue to be down sequentially, we anticipate another quarter of solid operating income. As the headwinds facing the industry begin to subside, and we ramp new products, our revenue is expected to resume growth in the June quarter."

Wednesday, November 1, 2017

Oclaro posts rising revenue - 100G now 81% of sales

Oclaro reported revenues of $155.6 million for the first quarter of its fiscal 2018, compared with revenues of $149.4 million in the preceding quarter , and revenues of $135.5 million for the period a year earlier.

GAAP gross margin was 40.3% for the first quarter of fiscal 2018. GAAP operating income was $31.2 million for the first quarter of fiscal 2018. This compares with GAAP operating income of $29.9 million in the fourth quarter of fiscal 2017, and GAAP operating income of $17.9 million in the first quarter of fiscal 2017.

"The Oclaro team once again produced strong quarterly results, fueled by our CFP2-ACO and QSFP product lines.  We generated sequential revenue growth and strong profitability," said Greg Dougherty, Chief Executive Officer, Oclaro. "Our near-term visibility includes continued softness in China, compounded by a recent slowdown in data center sales.  Despite our reduced outlook, we expect to remain solidly profitable for the December quarter, which would serve as a further testament to our strong financial model."



Tuesday, September 19, 2017

Oclaro show coherent transceiver for 400G and 600G wavelengths

Oclaro is getting ready to sample its first photonic integrated coherent transmitters (ICTs) and intradyne coherent receiver (ICRs) for 400G and 600G wavelengths. The devices, which could be configured for multiple data rates, are designed for high-performance coherent optical systems for applications ranging from data center interconnects (DCIs) to ultra-long haul transmission.

Oclaro 64Gbaud ICT combines an ultra narrow line width laser with a high-bandwidth dual QPSK Mach Zehnder Modulator to support flexible baud rates up to 64Gbaud and 64-QAM modulation. The device has an integrated semiconductor optical amplifiers (SOAs), a tunable filter and a variable optical attenuator (VOA). It also includes a local oscillator (LO) feed with +12dBm output power for optimal receiver performance.

The photonic intregration uses indium phosphide technology.

Oclaro is showcasing these two new products at this week's ECOC Exhibition in Sweden. Sampling is expected in Q4 2017.

"With our ICR and ICT product offerings, customers will be able to design high-performance coherent systems that are both flexible in the bandwidth offered per port and cost competitive by maximizing the data that can be carried on a single wavelength," said Beck Mason, President, Integrated Photonics Business Unit at Oclaro.

Oclaro's 400G/Lambda Lithium Niobate Modulator enters volume production

Oclaro has now achieved volume production of its lithium niobate (LiNbO3) Polarization Multiplexed Quad Mach-Zehnder (PM-QMZ) modulators, which enable data rates up to 400G on a single wavelength.

The Oclaro single carrier PM-QMZ lithium niobate external modulator is a high electro-optic bandwidth PM-QMZ device that integrates into a hermetic package an input beam splitter, four parallel Mach-Zehnder modulators configured for I-Q modulation, a polarization combiner, and monitor photodiodes for power and bias control. Key features:

  • 3dB electro-optic bandwidth exceeding 30GHz.
  • Extinction ratio above 25dB to enable complex modulation formats.
  • Insertion loss below 12dB for high efficiency.
  • Supports L-Band operation similar to all other Oclaro LiNbO3 modulators

Thursday, August 3, 2017

Oclaro reports Q4 revenue of $149.38m, up 19.3% yr/yr

Oclaro reported financial results for its fourth quarter and fiscal year 2017, ended July 1, 2017, as follows:

1.  Revenue for the fourth quarter of $149.38 million, down 7.9% compared with $162.18 million for the third quarter and up 19.3% from $125.18 million for the fourth quarter of fiscal 2016.

2.  Gross income for the fourth quarter of $61.33 million, down 8.2% compared with $66.79 million for the third quarter and up 52.6% from $40.18 million for the fourth quarter of fiscal 2016.

3.  R&D expenditure for the fourth quarter of $15.75 million, up 8.8% compared with $14.48 million for the third quarter and up 24.3% from $12.67 million for the fourth quarter of fiscal 2016.

4.  SG&A expenditure for the fourth quarter of $15.58 million, up 5.7% compared with $14.74 million for the third quarter and up 8.2% from $14.40 million for the fourth quarter of fiscal 2016.

5.  Total operating expenditure for the fourth quarter of $31.44 million, up 8.2% compared with $29.05 million for the third quarter and up 14.9% from $27.37 million for the fourth quarter of fiscal 2016.

6.  On a GAAP basis, a net income for the fourth quarter of $56.03 million, compared with a net income of $38.21 million for the third quarter and a net income of $11.84 million for the fourth quarter of fiscal 2016.

On a non-GAAP basis, a net income for the fourth quarter of $33.93 million, compared with a net income of $39.89 million for the third quarter and a net income of $14.41 million for the fourth quarter of fiscal 2016.

7.  Cash, cash equivalents and restricted cash as of July 1, 2017 $219.99 million, versus $214.78 million as at April 1, 2017 and $96.64 million as at July 2, 2016.

Additional results and notes

For the full year 2017 Oclaro reported revenue of $600.97 million, compared with $407.91 million in 2016, and a net income of $127.86 million, versus net income of $8.58 million for the prior year.

Oclaro stated that, as expected, QSFP28 sales in the fourth quarter doubled sequentially, while QSFP28 and ACO products accounted for over 40% of total sales, with demand expected to be strong in fiscal year 2018 driven by growth in the metro and data centre markets. 100 Gbit/s and beyond sales were $121 million in the fourth quarter and represented 81% of total sales. Sales of client-side CFP products declined by 25% and 40 Gbit/s and below product sales decreased by over 20%.
In the fourth quarter, Oclaro's top four customers represented 55% of total revenue, versus 68% in the second quarter. The top four customers contributed 17%, 13% and 12% of sales.. For fiscal year 2017 the top customers were Cisco with 18%, ZTE 18%, Huawei with 15% and Nokia 12%.

Oclaro also announced the appointment of Ian Small, most recently chief data officer at Telefónica, to its board of directors, effective September 1, 2017. On July 27th, Oclaro increased the size of the board from seven to eight members.

Outlook

For the first quarter, Oclaro expects revenue of between $151 and $159 million, representing a sequential increase of 3.8% at the midpoint.

Wednesday, May 3, 2017

Oclaro reports Q3 revenue of $162.18m

Oclaro reported financial results for its third quarter of fiscal year 2017, ended April 1, 2017, as follows:

1.         Revenue for the third quarter of $162.18 million, up 5.4% compared with $153.91 million for the second quarter and up 60.5% from $101.05 million for the third quarter of fiscal 2016.

2.         Gross income for the second quarter of $66.79 million, up 10.0% compared with $60.74 million for the second quarter and up 147.9% from $26.94 million for the third quarter of fiscal 2016.

3.         R&D expenditure for the third quarter of $14.48 million, up 5.2% compared with $13.76 million for the first quarter and up 27.2% from $11.38 million for the third quarter of fiscal 2016.

4.         SG&A expenditure for the third quarter of $14.74 million, up 10.4% compared with $13.35 million for the second quarter and up 12.9% from $13.05 million for the third quarter of fiscal 2016.

5.         Total operating expenditure for the third quarter of $29.05 million, up 6.2% compared with $27.36 million for the first quarter and up 18.7% from $24.48 million for the third quarter of fiscal 2016.

6.         On a GAAP basis, a net income for the third quarter of $38.21 million, compared with a net income of $30.27 million for the second quarter and a net income of $89,000 million for the third quarter of fiscal 2016.

On a non-GAAP basis, a net income for the third quarter of $39.89 million, compared with a net income of $36.29 million for the second quarter and a net income of $3.32 million for the third quarter of fiscal 2016.

7.         Cash, cash equivalents and restricted cash as of April 1, 2017 of $214.78 million, compared with $223.51 million as at December 31, 2016 and $96.64 million as at July 2, 2016.

Additional results and notes

Oclaro noted that for the third quarter 100 Gbit/s and above revenue reached $125.8 million, driven by line side and client-side products, and up 11% sequentially and up 115% year on year. For 40 Gbit/s and lower speeds, revenue decreased by $4 million, or 9%, to $36.4 million.

For the third quarter, datacom, or client-side, sales increased by 9% sequentially, driven by QSFP28 products, which continued to grow, while telecom, or line side, sales grew 3% sequentially as metro and data centre interconnect sales continued to grow.

During the quarter, Oclaro noted that 10%-plus customers represented 59% of total sales, compared to 68% in the second quarter, with the same top four customers contributing 18%, 17%, 12% and 12% of sales in the third quarter.

Reported by region, in the third quarter China accounted for 36% of total sales, down sequentially from 42%; the Americas 28%, up from 21% in the prior quarter; Southeast Asia 22%; and EMEA 12% of total sales.

Outlook


For the fourth quarter Oclaro expects revenue of between $144 and $152 million, representing a sequential decrease of 8.7% at the midpoint.

Thursday, March 23, 2017

Oclaro Announces 1 Tbit/s Dual Wavelength PM-QMZ External Modulator

Oclaro announced that it has expanded its lithium niobate (LiNbO3) portfolio with a dual wavelength PM-QMZ external modulator for data rates up to 1 Tbit/s and that at OFC it is hosting an interoperability demonstration showcasing a 100 Gbit/s ER4-Lite QSFP28 and CFP2 over 40 km single-mode optical fibre (SMF).

New PM-QMZ modulator

The new dual wavelength PM-QMZ modulator joins Oclaro's established high-bandwidth single carrier PM-QMZ (polarisation multiplexed quad parallel Mach-Zehnder) modulator line that was launched in 2015 and has been tested in labs and R&D centres operating at symbol rates up to 64 Gbaud and with different modulation formats up to 128QAM.

Oclaro's dual wavelength PM-QMZ LiNbO3 external modulator is designed to support data rates up to 1 Tbit/s utilising two wavelengths 'packed' into a single gold box. The modulator is a high electro-optic bandwidth PM-QMZ device that integrates into a hermetic package two PM-QMZ sets, each featuring an input beam splitter, four parallel Mach-Zehnder modulators configured for I-Q modulation, a polarisation combiner and monitor photodiodes for power and bias control.

Key features of the new product include: 3 dB electro-optic bandwidth exceeding 28 GHz; smooth optical response up to 45 GHz, enabling symbol rates up to 45 Gbaud; extinction ratio above 25 dB for complex modulation formats; insertion loss below 12 dB; and support for L-Band operation.

Interoperability demonstration

The demonstration of 100 Gbit/s ER4-Lite QSFP28 and CFP2 over 40 km single-mode fibre (SMF) is designed to show how ER4-Lite solutions can deliver the low power and low cost required to enable 100 Gbit/s in the access and core networks where longer reach is required.

Oclaro noted that as 100 Gbit/s technology is deployed in metro and access networks, operators require 100 Gbit/s client interfaces able to provide 40 km reach without the use of amplifiers. The new ER4-Lite specification is designed to enable cost-effective 100 Gbit/s 40 km pluggable solutions in compact QSFP28 transceivers with FEC and APD-based receivers.

The new Oclaro QSFP28 ER4-Lite device, which complements the existing CFP2 product, leverages the company's proven 28 Gbit/s EML as used in its CFPx and QSFP28 LR4 product families. The ER4-Lite QSFP28, which is currently sampling, can support 100 Gigabit Ethernet and OTU4 applications with up to 40 km reach with FEC, or 30 km without FEC, and is interoperable with existing ER4 solutions up to 30 km.

Oclaro noted that QSFP28 has been standardised by ITU-T as G.959.1 4L1-9D1F and is being standardised by the newly established 4-Wavelength WDM MSA group.

http://www.oclaro.com

Tuesday, March 21, 2017

Oclaro Unveils I-Temp Transceivers for 5G fronthaul, Samples 400G

Oclaro announced the introduction of two new industrial temperature (I-temp) transceivers designed to drive the market transition to 5G wireless fronthaul systems and sampling of its 400 Gbit/s CFP8 transceiver for core routers/transport applications.

I-temp transceivers

Oclaro's new I-temp transceivers are designed to provide customers with the flexibility to choose either a 10 Gbit/s TSFP+ I-temp that can fit a WDM fronthaul system into a next generation 5G wireless network, or a 25 Gbit/s SFP28 LR I-temp that significantly increases data capacity and offers industry-leading low power consumption.

The TSFP+ is Oclaro's latest product to include I-temp and follows the company's 10 Gbit/s TSFP+ C-temp and E-temp devices, which are already shipping. The TSFP+ is vertically integrated based on Oclaro's in-house ILMZ chip and custom-designed TOSA and TSFP+ technology. Oclaro has enabled 85 degrees C operation by optimising the operation temperature of the ILMZ chip and -40 degrees C operation by developing TEC to lower power consumption, as well as improving power dissipation of key components.

Oclaro expects to begin sampling the 10 Gbit/s TSFP+ I-temp in April, with volume production due to start in the third quarter of 2017.

400 Gbit/s CFP8 transceiver

Oclaro's 400 Gbit/s CFP8 transceiver targets core routers/transport applications and leverages its EML laser and receiver technology to deliver higher data rates between high-end routers and optical transport systems. At OFC Oclaro will demonstrate the CFP8 operating with 8 lasers at 50 Gbit/s PAM4.

With a 40 x 102 x 9.5 mm form factor, the 400 Gbit/s CFP8 transceiver provides a high density, high-throughput solution. The CFP8 leverages technology from Oclaro's earlier CFP, CFP2 and CFP4 designs, including its cooled 1310 nm 28 Gbit/s EA-DFB lasers, integrated TOSA and ROSA and 28 Gbit/s 4 channel integrated PIN-PD array.

The CFP8 transceiver for reach of 2 km and 10 km is compliant with 400GBASE-LR8 optical and 400GAUI-16 electrical interface specifications, offers EML laser technology offering good margin over IEEE 400 Gigabit Ethernet optical specifications and receiver bandwidth capability to allow interfacing with different lasers.

Oclaro's CFP8 product is currently sampling, with volume production scheduled for the second half of 2017.

http://www.oclaro.com

Thursday, January 19, 2017

Oclaro Expects Financial Performance at High End of Previous Guidance

Oclaro expects revenue for the second quarter of its fiscal 2017, ended December 31, 2016, to be in the range of $153.5 million to $154.0 million, at the high end of the prior guidance of $146 million to $154 million provided on November 1, 2016.

GAAP gross margin of approximately 39.5% and non-GAAP gross margin of approximately 40%, above the prior non-GAAP guidance of 33% to 36%.  Non-GAAP gross margin excludes the effect of approximately $0.5 million of stock-based compensation.

GAAP operating income of approximately $33 million and non-GAAP operating income of approximately $36 million, above the prior non-GAAP guidance of $22 million to $26 million.  Non-GAAP operating income excludes $2.6 million of stock-based compensation and $0.2 million of amortization of other intangible assets.

"Our excellent preliminary results for the December quarter once again demonstrated the strength of Oclaro's products in the markets we serve.  We expect revenue to come in at the high end of guidance as 100G and beyond sales again exhibited excellent growth.  In addition, we expect the quarterly results to reflect record levels of gross margin and operating income and exceed our prior guidance.  Our performance was driven by strong execution, a richer product mix, and favorable foreign exchange rates," said Greg Dougherty, Chief Executive Officer, Oclaro.

http://www.oclaro.com


Oclaro updated its outlook for the first quarter of fiscal year 2016 saying it now expects to exceed its previously provided financial gu

Tuesday, February 2, 2016

Oclaro Cites Continued Strong Growth in 100G

Oclaro reported revenues of $94.1 million for the second quarter of its fiscal 2016, compared with revenues of $87.5 million in the first quarter of fiscal 2016. GAAP gross margin was 28.3% for the second quarter of fiscal 2016, compared with GAAP gross margin of 25.9% in the first quarter of fiscal 2016. GAAP net income for the second quarter of fiscal 2016 was $0.2 million. This compares with a GAAP net loss of $3.5 million in the first quarter of fiscal 2016.

"With a second consecutive quarter of 20 percent sales growth in our 100G portfolio we again delivered stronger financial performance. The quarterly revenue growth drove higher gross margin and net income," said Greg Dougherty, Chief Executive Officer, Oclaro. "We continue to see robust demand for our 100G product portfolio combined with favorable market conditions. As we expand capacity in Asia, both for our current and new 100G products, we expect revenue growth in 2016 to continue."

http://www.oclaro.com

Wednesday, October 21, 2015

Oclaro Raises Forecast

Oclaro updated its outlook for the first quarter of fiscal year 2016 saying it now expects to exceed its previously provided financial guidance.  The company's financial guidance was last provided on August 4, 2015.

For the first quarter of fiscal year 2016, Oclaro expects:

  • Revenues to be approximately $87.5 million, at the high end of the range previously provided;
  • Non-GAAP gross margin to be in a range of 26 to 27%, above the high end of the range previously provided;
  • Adjusted EBITDA to be positive $4.0 to $4.5 million, above the high end of the range previously provided; and
  • Cash, cash equivalents, restricted cash, and short-term investments of $107.7 million at September 26, 2015.

"The preliminary results that we are reporting today reflect strong growth in our 100G product portfolio," said Greg Dougherty, Chief Executive Officer, Oclaro. "In addition, we saw higher than expected revenues for our 10G and 40G products, coupled with a much more favorable product mix, resulting in gross margin exceeding our prior guidance."

http://www.oclaro.com

Thursday, September 17, 2015

Oclaro Samples 100G QSFP28 Client-Side Transceiver for Data Centers

Oclaro has begun sampling a 100G QSFP28 client-side transceiver that meets both the CWDM4 MSA and CLR4 Alliance optical interface specifications, as well as the IEEE 802.3bm CAUI-4 electrical interface specification.

The new transceiver boasts a low power consumption of 3.5 Watts and high transmission performance quality through the use of Oclaro's internal uncooled 1310nm 28Gbps DML technology.  It is suited for 100G interconnections between data center switches in addition to interfaces in high-end routers and packet-optical transport systems.

"The key to our success in the 100G pluggable transceiver market has been our proprietary indium phosphide laser technology," said Yves LeMaitre, President of Oclaro's Optical Connectivity Business. "With our new QSFP28 100G transceiver, mega-scale data center operators will be able to transition from 40G to 100G on their existing single mode fiber infrastructure without significantly expanding footprint, cost or power consumption."

http://www.oclaro.com

Tuesday, March 17, 2015

Oclaro Delivers Second Gen Tunable SFP+ Module

Building on its history of 10G tunable DWDM products, Oclaro has begun sampling its second-generation tunable SFP+ module.  The new units operate at very high temperatures of up to 85 degrees Celsius with very low power consumption, making them suitable for next generation data center, metro and regional optical networks. It also serves as a building block for emerging new applications such as fiber-to-the-home and 4G/5G LTE wireless fronthaul networks that might require DWDM functionality in the future.

Key features of the tunable SFP+ module include:

  • Operates below 1.5W throughout 0-70 degrees Celsius w/o CDR
  • Supports extended temperature up to 85 degrees Celsius with maximum 1.8W power consumption
  • Supports high Tx power (up to +1.2dBm)
  • Supports SONET/SDH applications with CDR version
  • The broad tunable SFP+ portfolio also includes zero chirp, L-band, and PIN ROSA variants
  • Multi-rate operation: 9.95 Gbit/s to 11.3 Gbit/s
  • Tunable across the full C-band with 96 channels on the ITU-T 50GHz grid

http://www.oclaro.com

Thursday, October 10, 2013

Oclaro to Sell Amplifier & Micro-Optics Business, CFO Resigns

Oclaro agreed to sell its Amplifier and Micro-Optics business (the Business) to II-VI Incorporated for $88.6 million.

The deal includes intellectual property, inventory and equipment.  II-VI will also hire approximately 145 employees of Oclaro, primarily located in Horseheads, NY, San Jose, CA and Shanghai, China. Revenues for the Business were approximately $94 million for the fiscal year ended June 29, 2013.

"The sale of our amplifier business to II-VI is another important milestone in Oclaro's reinvention and return to financial stability," said Greg Dougherty, Oclaro CEO. "This transaction is another validation of the value of our technology, intellectual property and, most importantly, our people. The infusion of cash from our recent transactions with II-VI are critical catalysts to further our restructuring and turnaround plans."

Separately, Oclaro announced that its chief financial officer, Jerry Turin, plans to resign from Oclaro on November 8, 2013, to pursue other opportunities. The company expects to name Mr. Turin's successor on or before November 8.

http://www.oclaro.com

See also