SAN FRANCISCO, June 30, 2011 /PRNewswire/ -- Vista Partners announced today that it has updated coverage on Oculus Innovative Sciences, Inc. , (NASDAQCM: OCLS) and maintains its $3.81 target price. Ross Silver, Principal Analyst at Vista Partners stated, "Oculus is growing significantly as evidenced by their revenue growth in each of the past two years. Oculus has stated revenues could grow by up to 80% this year and by up to 100% in 2012 and 2013. In addition, management has provided revenue guidance of a minimum of $45M in revenues in calendar year 2013, a greater than four times increase from revenues reported in calendar year 2010." Mr. Silver continued, "Oculus has eight commercial partners and we believe Oculus could add additional partners before the end of the year." Mr. Silver concludes, "We believe Oculus's current valuation to be depressed and as Oculus continues to meet or exceed their stated guidance, we believe the valuation will increase." To download a FREE copy of the Oculus Innovative Sciences, Inc . research report, please visit www.vistapglobal.com and complete the research form to gain access to the report.
About Vista Partners:
Vista Partners LLC, founded in 2005, is a Registered Investment Advisor in the States of California and Oregon. The firm's professional staff has backgrounds in finance, corporate communications and investment banking. Vista Partners LLC has built a name for itself in the small cap space due to its selection of profitable investment ideas.
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