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Optical Cable Corp. - OCC STOCK NEWS

Welcome to our dedicated news page for Optical Cable (Ticker: OCC), a resource for investors and traders seeking the latest updates and insights on Optical Cable.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Optical Cable's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Optical Cable's position in the market.

Rhea-AI Summary
Optical Cable Corporation (OCC) announced financial results for Q1 2024, with net sales at $14.9 million, a decrease of 18.8% from the previous year. Gross profit was $3.7 million, down 43.1%. SG&A expenses were $5.1 million. OCC recorded a net loss of $1.4 million compared to net income of $810,000 in Q1 2023. Management remains optimistic about market opportunities in fiscal year 2024.
Rhea-AI Impact
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End-of-Day
-1.64%
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Rhea-AI Summary
Optical Cable Corporation (OCC) announces the release of its first-quarter fiscal year 2024 results and a conference call for investors and analysts. OCC is a leading manufacturer of fiber optic and copper data communication solutions for various markets.
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End-of-Day
-1.91%
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Rhea-AI Summary
Optical Cable Corporation (Nasdaq GM: OCC) Achieves Increases in Net Sales, Gross Profit, Gross Profit Margin and Net Income in Fiscal 2023 Compared to Fiscal 2022
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-1.43%
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Rhea-AI Summary
Optical Cable Corporation (Nasdaq GM: OCC) will release its Q4 and fiscal year 2023 results on December 20, 2023. The company will also host a conference call and answer questions from analysts and investors. OCC is a leading manufacturer of fiber optic and copper data communication cabling and connectivity solutions for various markets.
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0.72%
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Rhea-AI Summary
OCC® announced financial results for Q3 2023, with net sales decreasing 2.5% to $16.9 million, but gross profit increasing 6.4% to $5.1 million. For the first nine months of FY 2023, net sales increased 11.9% to $54.8 million, and gross profit increased 32.6% to $18.4 million. OCC also recorded net income of $3.3 million for the first nine months of FY 2023.
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Rhea-AI Sentiment
End-of-Day
-11.05%
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Rhea-AI Summary
Optical Cable Corporation (Nasdaq GM: OCC) will release its Q3 FY2023 results on September 12, 2023. The conference call will be held at 11:00 a.m. Eastern Time. OCC invites questions from analysts and fund investors. OCC is a leading manufacturer of fiber optic and copper data communication solutions for various markets.
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-2.44%
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2.59%
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Optical Cable Corp.

Nasdaq:OCC

OCC Rankings

OCC Stock Data

22.38M
5.16M
34.37%
13.84%
0.06%
Telephone Apparatus Manufacturing
Manufacturing
Link
US
Roanoke

About OCC

when we first built our reputation as pioneers in fiber optic cable industry, occ made a commitment to quality, performance, and service. today, we are leaders in the engineering and manufacturing of a variety of high-performance, top-tier cabling systems for a wide range of industries– from mission critical data center applications to live location transmissions for broadcast. our products were designed to be smarter than the most challenging situations, and tougher than the harshest environments. in addition, our innovation and expertise has moved beyond cable products to entire connectivity systems, allowing you to rely on one convenient source for all your connectivity needs. that’s why some of the world’s top corporations, data centers, universities, broadcasters, waste treatment centers, and military facilities/operations choose occ for connections they can count on.