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Zacks Investment Research recorded Oclaro, Inc. (NASDAQ:OCLR), stepping up its target to $9.50 earlier today

Zacks Investment Research increased the target price of Oclaro, Inc. (NASDAQ:OCLR) to $9.50 reporting a potential upside of 0.12%.

On 10/06/2016, Vetr Inc. released a statement for Oclaro, Inc. (NASDAQ:OCLR) bumped up the target price from $0.00 to $10.31 that suggested an upside of 0.15%.

Boasting a price of $8.45, Oclaro, Inc. (NASDAQ:OCLR) traded -1.49% lower on the day. With the last stock price close up 29.35% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Oclaro, Inc. has recorded a 50-day average of $8.54 and a two hundred day average of $6.14. Volume of trade was up over the average, with 4,391,892 shares of OCLR changing hands over the typical 4,336,530

Performance Chart

Oclaro, Inc. (NASDAQ:OCLR)

With a total market value of $0, Oclaro, Inc. has price-earnings ratio of 101.79 with a one year low of $2.40 and a one year high of $9.34 .

A total of 7 equity analysts have released a ratings update on OCLR. 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 finally zero equity analysts rating the company a sell with a one year target of $6.71.

Brief Synopsis About 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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