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Oclaro, Inc. (NASDAQ:OCLR) stock price target increased to $10.31, issued a research note today by Vetr Inc.

Yesterday Oclaro, Inc. (NASDAQ:OCLR) traded 1.77% higher at $8.99. The company’s 50-day moving average is $8.36 and its 200-day moving average is $6.00. The last stock close price is up 53.62% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 3,482,798 shares of the stock were exchanged, down from an average trading volume of 4,192,750

Vetr Inc. bumped up the target of Oclaro, Inc. (NASDAQ:OCLR) to $10.31 stating a potential upside of 0.15%.

See Chart Below

Oclaro, Inc. (NASDAQ:OCLR)

Oclaro, Inc. has a 52 week low of $2.37 and a 52 week high of $9.34 with a P/E ratio of 118.21 The company’s market cap is currently $0.

In addition to Vetr Inc. reporting its target price, a total of 7 firms have reported on the stock. The consensus target price is $6.71 with one analyst rating the company a strong buy, six analysts rating the company a buy, one analyst rating the company a hold, zero brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Oclaro, Inc. (NASDAQ:OCLR)

Oclaro, Inc. is a provider of optical components, modules and subsystems for the core optical transport, service provider, enterprise and data center markets. The Company provides various solutions for optical networks and interconnects driving the next wave of streaming video, cloud computing, application virtualization and other bandwidth-intensive and high-speed applications. The Company's product offerings include client side transceivers, line side transceivers, tunable laser transmitters, lithium niobate modulators, transponder modules, and discrete lasers and receivers. It designs, manufactures and markets optical components, modules and subsystems that generate, detect, combine and separate light signals in optical communications networks. The Company supplies transmission products at the component level and the module level into 10 gigabits per second (Gb/s), 40 Gb/s and 100 Gb/s communications solutions.

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