Oclaro, Inc.

Oclaro, Inc.

Oclaro, Inc.

Overview
Date Founded

2009

Headquarters

225 Charcot Avenue, San Jose, CA, 95131, USA

Type of Company

Public

Employees (Worldwide)

1,294

Industries

Electrical Products
Wireless Telecommunications
Industrial Machinery & Manufacturing
Other Manufacturing
Medical Products & Equipment
Appliances & Electronics
Computer Software
Computer Hardware

Company Description

Oclaro, Inc. is one of the world's largest suppliers of optical components, modules and subsystems for the global optical communications market and into industrial and consumer laser applications. Through in-house development and a series of strategic acquisitions and mergers, the company maintains one of the most extensive and vertically-integrated product portfolios in the fiber optics industry.

Website
Contact Data
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Executives & Employees

Chief Executive Officer

Chief Financial Officer

Chief Operating Officer

Executive Vice President, General Counsel & Corporate Secretary

Chief Commercial Officer

Chief Strategy Officer

Chief Accounting Officer

General Manager, Modules & Devices Business Unit

President, Integrated Photonics Business

President, Optical Connectivity Business

Board of Directors

President & Chief Executive Officer at Mission Peak Executive Consulting LLC

Managing Director & Partner at ChinaVest Ltd.

Former President, East Region at Bank of America Corp.

Chief Executive Officer at Oclaro, Inc.

President, Network Operations at AT&T, Inc.

Chairman & Chief Executive Officer at The Cowan Group LLC

Managing Director & Partner at The Boston Consulting Group, Inc.

Chief Executive Officer at Telefónica Digital Ltd.

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Oclaro, Inc.
Owners & Shareholders
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Magnetar Financial investment strategies are designed to achieve attractive risk-adjusted rates of return. Some of the funds and SMAs employ a multi-strategy approach, utilizing a wide range of strategies across a range of geographies, while others focus on one or just a few strategies. The funds and SMAs may hold both long and short positions in a broad range of securities, derivatives, and other assets. In executing their investment strategies, the funds and SMAs may enter into joint venture or co-investment arrangements, participate in pooled investment vehicles, invest with affiliated or unaffiliated advisors or managers, or make direct investments in operating entities. Magnetar may use leverage in the investing activities and may engage in short selling. The firm's main investment strategies can, generally, be divided into the following categories: relative-value, event-driven, directional, and hybrid and other strategies. Magnetar also offers a variety of trading techniques including: Convertible-Securities Arbitrage: Merger and Event-Driven Arbitrage: Volatility Arbitrage: Statistical Arbitrage; Capital-Structure Arbitrage; Equity Capital Markets Strategies: Privately-Sourced Transactions; Fundamental Long/Short: Option/Warrant Arbitrage: Directional Equity, Corporate Debt, Derivatives and Currencies; Energy Markets Investments; Credit Strategies; Derivatives Companies; Privatization Transactions, Aviation Investments; and Solar Energy-Related Investments.

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Alpine Associates Management manages the investment portfolios of the Alpine Funds and the accounts of their other clients using several strategies. Their main strategies are merger arbitrage and long/short equity trading. Alpine also uses other strategies including convertible arbitrage and investing in bankruptcy and other credit opportunities. Alpine seeks to produce superior risk-adjusted returns with low volatility in all types of market environments.Alpine's long/short equity trading strategy involves the purchase and sale of actively traded common stocks. They also trades in stock index futures and other derivatives, options, preferred stocks, corporate and government bonds, swaps, other securities and financial instruments and currencies. Alpine may engage in pairs trading. A major part of this strategy involves the creation of synergistic positions in connection with Alpine's merger arbitrage and bankruptcy and other credit opportunities strategies. The firm seeks to capitalize on market dislocations caused by mergers and other corporate transactions and events. They also engage in general equity trading, using technical and fundamental analysis to identify stocks that are underpriced or overpriced relative to their peers or on an absolute basis.Alpine's merger arbitrage strategy focuses on the purchase of securities sought in cash tender offers, exchange offers, mergers or other extraordinary transactions, and the tendering or exchange of these securities for cash or new securities. When a new security is offered in exchange for a purchased security, Alpine simultaneously takes an offsetting short position that is covered with the new security when it is received. This strategy may involve purchasing or selling options, swaps and other derivative instruments to enhance returns or limit risk. Alpine's merger arbitrage strategy focuses on publicly announced transactions with definitive merger agreements.

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Sandell Asset Management Corp. employs a global, event-driven, multi-strategy investment approach that focuses on merger-arbitrage, equity-event, and distressed credit investments. The firm generally invests fund assets in a portfolio of event-sensitive securities which may include a variety of US and non-US equity and debt securities and other financial and investment interests, instruments and property. The funds' portfolios typically include securities of companies that are subject to mergers, takeover bids, exchange offers, tender offers, spin-offs, liquidations, recapitalizations, corporate restructurings and other similar extraordinary corporate events. The firm offers advice on a wide range of investments types including, but not necessarily limited to, equity securities, warrants, corporate debt securities, commercial paper, mutual fund shares, US government securities, options contracts on securities, futures contracts on intangibles, bank loan assignments and other debt participations, creditor trade claims, derivatives (including various swaps, puts, calls or options), equity linked notes, and personal property of all kinds. In some instances, Sandell may invest fund assets in partnerships investing in real estate, oil and gas interests, and other pooled investment vehicles (hedge funds). Sandell Asset Management is an activist firm and is included in the SharkWatch50 as one the 50 most prominent activist investors.

Recent Transactions
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Lumentum Holdings, Inc. purchases Oclaro, Inc.

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Oclaro, Inc. issued Common Stock

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Ushio, Inc., USHIO Opto Semiconductors, Inc. purchase Oclaro Japan, Inc. /The Infrared Laser Diode Business from Oclaro, Inc.

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onLumentum Holdings, Inc. purchases Oclaro, Inc.

Legal Advisor

Advised onNewport Corp. purchases Oclaro, Inc. /New Focus Business from Oclaro, Inc.

Legal Advisor

Advised onOclaro, Inc. purchases Opnext, Inc.

Legal Advisor

Advised onLumentum Holdings, Inc. purchases Oclaro, Inc.

Legal Advisor

Advised onOclaro, Inc. issued Common Stock

Associate

Advised onLumentum Holdings, Inc. purchases Oclaro, Inc.

Advisors & Consultants
Legal Advisor

Partner at Jones Day

Legal Advisor

Partner at Jones Day

Legal Advisor

Partner at Wilmer Cutler Pickering Hale and Dorr LLP

Clients

Amazon.com, Inc. engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca. The International segment offers retail sales of consumer products and subscriptions through internationally-focused websites. The Amazon Web Services segment involves in the global sales of compute, storage, database, and AWS service offerings for start-ups, enterprises, government agencies, and academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.

Alphabet, Inc. is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube. The Other Bets segment includes businesses such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo, and X. The company was founded by Lawrence E. Page and Sergey Mikhaylovich Brin on October 2, 2015 and is headquartered in Mountain View, CA.

Infinera Corp. engages in the provision of optical transport networking equipment, software, and services to telecommunications carriers. Its products include long-haul and subsea, metro networks, data center interconnect, and software. The company was founded by David F. Welch, Drew Daniel Perkins, and Jagdeep Singh in December 2000, and is headquartered in Sunnyvale, CA.

Key Stats and Financials As of 2017
Market Capitalization
$1.54B
Total Enterprise Value
$1.29B
Earnings Per Share
$0.77
Revenue
$601M
Enterprise Value Sales
2.14x
TEVNet Income
10.07x
Debt TEV
0x
Net Profit
$128M
Total Debt
$3.75M
Total Equity
$514M
EBITDAMargin
23.37%
EBITDA
$140M
Enterprise Value EBITDAOperating
9.17x
Three Year Compounded Annual Growth Rate Of Revenue
15.42%
Five Year Compounded Annual Growth Rate Of Revenue
9.29%
Investments
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ClariPhy Communications, Inc. develops mixed-signal CMOS integrated circuits for networking applications. It also develops mixed signal, advanced digital signal processing SoCs targeting multi-mode, multi-rate high performance optical network applications at 10, 40, 100, and 200G via the industry's most comprehensive product portfolio. The company provides CL1012, a clock and data recovery integrated circuit for metro, regional, and long haul telecom networks; CL1012 evaluation board, a tool used to test and analyze maximum likelihood sequence estimated electronic dispersion compensation technology in combination with XFP modules; CL4010 LightSpeed, a coherent single chip dual polarization quadrature phase shift keying transceiver; and custom system-on-chips. ClariPhy Communications was founded by Paul Voois, Norm Swenson and Bharath Jagannathan on September 19, 2002 and is headquartered in Irvine, CA.

Suppliers
LightPath Technologies, Inc. Appliances & Electronics | ORLANDO , FL

LightPath Technologies, Inc. designs, develops, manufactures and distributes optical and infrared components. Its products include molded glass aspheres and assemblies; infrared molded lenses, diamond turned, conventional ground and polished and CNC ground lenses and assemblies; and Gradium lenses. It supports a range of customers in the field of industrial, laser, defense, medical, telecommunications, and instrumentation. The company was founded on June 15, 1992 and is headquartered in Orlando, FL.

Fabrinet Equipment & Office Supplies | George Town, GT

Fabrinet is a provider of foundry services to optics OEMS. We manufacture, assemble, and test products for customers at our main manufacturing facilities in Bangkok, Thailand. We design and manufacture our own bulk optical materials and components at our facilities in Fuzhou, the People’s Republic of China, and New Jersey, USA. We use a variety of optical and electro-mechanical process technologies licensed for use by our customers or developed by us in-house. In addition, we use a number of internally developed operational systems which we believe provide our customers with improved efficiencies.

Gooch & Housego Plc Medical Products & Equipment | Ilminster, SO

Gooch & Housego Plc engages in the manufacture of optoelectronic components, materials and systems and specialist instrumentation and life sciences devices. It also manufactures acousto-optic, electro-optic devices, precision optical components, fiber optic components, modules, crystals, hyper spectral imaging systems and instruments for measuring optical radiation. It operates through the following segments: Aerospace and Defence, Life Sciences, Industrial, Scientific Research, and Corporate. The company was founded by Archibald William Charles Gooch and Leslie Housego in 1948 and is headquartered in Ilminster, the United Kingdom.

Competitors
Finisar Corp. Semiconductors - Dover, DE

Finisar Corporation is a global technology leader in optical communications components and subsystems. These products enable high-speed voice, video and data communications for networking, storage, wireless, and cable TV applications. Over the past two decades, Finisar has provided critical breakthroughs in optics technologies and has supplied system manufacturers with the production volumes needed to meet the exploding demand for network bandwidth and storage. Finisar's industry-leading optical products include transceivers/transponders, active cables, WSS ROADMs, optical instruments, and active and passive components. In 2008, Finisar merged with Optium Corporation, creating the world's largest supplier of optical communication components and subsystems. The company now delivers the industry's broadest product portfolio backed by world-class quality and reliability. Finisar's vertically integrated business model is ideally suited for delivering massive production volumes while providing ready access to most of the critical technologies needed to develop the next generation of products. With over 9,400 employees, Finisar has sales, channel, and support offices worldwide. Corporate headquarters are located in Sunnyvale, California (USA), with product development and manufacturing facilities located in California, Pennsylvania and Texas (USA), Australia, China, Israel, Korea, Malaysia, Singapore and Sweden.

Lumentum Holdings, Inc. Electrical Products - Milpitas, CA

Lumentum Holdings, Inc. engages in manufacturing of optical and photonic products enabling optical networking and commercial laser. Its components and subsystems are part of telecom, enterprise, and data center network. The company operates in two segments: Optical Communications and Commercial Lasers. The Optical Communications segment includes modules and subsystems to support and maintain customers in two primary markets, Telecom and Datacom. The Commercial Lasers segment includes subsystems used in a variety of OEM applications that range in output power from milliwatts to kilowatts and include ultraviolet, visible and infrared wavelengths. Lumentum Holdings was founded on February 10, 2015 and is headquartered in Milpitas, CA.

Applied Optoelectronics, Inc. Semiconductors - Wilmington, DE

Applied Optoelectronics, Inc. engages in the design and manufacture of optical communications products. Its products include optical devices, such as laser diodes, photodiodes, related modules and circuitry, and equipment for applications in fiber-to-the-home, cable television, point to point communications and wireless. The company was founded by Chih Hsiang Lin on February 28, 1997 and is headquartered in Sugar Land, TX.