Event-Driven Stocks

OCLARO, INC.

Technology · Semiconductors & Related Devices · DE · SEC filings ↗ · Compare ⊕

Signs5 good1 warning1 severedetails ↓

Financials

SEC XBRL · annual
 FY18FY17FY16FY15FY14FY13
Revenue$127.3M$162.2M$407.9M$341.3M$390.9M$404.6M
Operating income$67.3M$119.0M$15.8M−$45.5M−$102.3M−$124.8M
Net income$10.8M$38.2M$8.6M−$56.7M$17.8M−$122.7M
Total assets$720.8M$665.1M$359.0M$325.9M$365.7M$449.9M
Total liabilities$128.8M$151.5M$192.4M$172.9M$157.8M$295.8M
Equity$592.0M$513.7M$166.6M$153.0M$207.9M$154.1M
EPS (diluted)$0.06$0.22$0.08$-0.52$0.18$-0.44
Shares out.170.7M168.7M147.9M110.1M108.7M92.9M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2018
Operating margin
52.9%
Net margin
8.5%
Return on equity
1.8%
Return on assets
1.5%
Return on capital (ROCE)
11.1%
Liabilities / assets
17.9%
Debt / equity
0.22×
Book value / share
$3.47
Revenue growth (YoY)
−21.5%
Net income growth (YoY)
−71.7%

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2018
Altman Z″ (distress)
4.35safe
Accruals / assets
15.9%clean
Beneish M-Score
-3.45normal
Piotroski F-Score
5/9mixed

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
67
/ 100
Profitability 100Growth 0Catalyst 33Earnings quality 100Financial strength 100

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.

Signs

1 severe1 warning5 good
  • Filed a late-filing notice (Form NT) — missed an SEC deadline
  • Revenue declined year-over-year
  • Operating margin is positive
  • Conservative leverage (liabilities < 50% of assets)
  • Positive operating cash flow
  • Clean earnings (low accruals)
  • Altman Z″ in the safe zone

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Risk flags

late SEC filings

A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (1)

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