SOURCE: The Bedford Report

The Bedford Report

May 31, 2011 08:16 ET

EMCORE and Opnext Benefit From New Growth Drivers

The Bedford Report Provides Analyst Research on EMCORE & Opnext

NEW YORK, NY--(Marketwire - May 31, 2011) - Analysts believe that companies in the Optical Components industry remain well positioned to take advantage of several secular shifts relating to the way in which companies and the general population access the internet. Optical fiber companies have a strong outlook because raw-data consumption continues to skyrocket. As data-usage goes up, networks need fiber optics to increase the speeds of their networks. The Bedford Report examines the Optical Components Industry and provides research reports on EMCORE Corporation (NASDAQ: EMKR) and Opnext, Inc. (NASDAQ: OPXT). Access to the full company reports can be found at:

Some analysts are predicting the fiber optics market will double during the coming years thanks to increased internet use. The fact that the smartphone and mobile device market is highly competitive and the technology is rapidly changing should also ensure that the sector's customers will frequently need to upgrade their networks. The research firm, Ovum, claims that the optical components (OC) market grew by 35 percent last year to earn revenues of $5.6 billion.

The Bedford Report releases regular market updates on the Optical Components Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous analyst reports and industry newsletters.

Opnext sells products which enable high speed network connectivity to address the increasing data usage by the global population, to other businesses. Additionally, the Company sells infrared and visible light optical devices for industrial and commercial use. Earlier this month the company reported fourth quarter net income of 10 cents a share. For the fiscal year, revenue from sales of industrial and commercial products increased 94% to $30.5 million.

EMCORE operates in two segments: Fiber Optics and Photovoltaics. In the most recent quarter revenue for the Fiber Optics segment was $30.0 million, which represents a 1% decrease compared to the prior year and a 5% decrease compared to the immediate preceding quarter. Revenue for the Photovoltaics segment was $17.2 million, which represents a 4% decrease compared to the prior year and a 17% decrease compared to the immediate preceding quarter.

The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at

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