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Oclaro: Ride That Optical Spending Cycle, Says Jefferies

Shares of fiber-optic component supplier Oclaro (OCLR) are up 13 cents, or 1.5%, at $8.68, after Jefferies & Co.’s James Kisner this morning started coverage of the stock with a Buy rating, and an $11.25 price target, writing that the company stands to benefit from three things: Verizon Communications (VZ) using its parts for "100-gig” networks, China, and data center networking.
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