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Oclaro (NASDAQ:OCLR) target bumped up to $11.25, released a ratings update earlier today by Jefferies

Jefferies bumped up the target of Oclaro (NASDAQ:OCLR) to $11.25 reporting a possible upside of 0.32%.

Previously on Tuesday September 06, 2016, Stifel Nicolaus reported on Oclaro (NASDAQ:OCLR) raised the target price from $7.50 to $10.00 that suggested an upside of 0.19%.

Showing a price of $8.55, Oclaro (NASDAQ:OCLR) traded 1.52% higher on the day. With the last closing price up 47.86% from the two hundred day average, compared to the S&P 500 which has decreased -0.01% over the same period. Oclaro has recorded a 50-day average of $8.14 and a 200-day moving average of $5.87. 911,674 shares of OCLR traded hands, down from an average trading volume of 4,088,100

Recent Performance Chart

Oclaro (NASDAQ:OCLR)

Oclaro has 52 week low of $2.37 and a 52 week high of $9.34 with a P/E ratio of 111.28 and has a market cap of $0.

In addition to Jefferies reporting its target price, a total of 7 equity analysts have released a research note on OCLR. The one year target is $6.71 with one equity analyst rating the company a strong buy, six equity analysts rating the company a buy, one equity analyst rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero equity analysts rating the company a sell.

Brief Synopsis About Oclaro (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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