SOURCE: The Bedford Report

The Bedford Report

April 04, 2011 08:16 ET

EMCORE and Opnext Poised to Benefit From Expanding OC Market

The Bedford Report Provides Analyst Research on EMCORE and Opnext

NEW YORK, NY--(Marketwire - April 4, 2011) - After posting significant gains to begin 2011, Optical Component (OC) stocks have plummeted in recent weeks. Gloomy forward outlooks from industry heavyweights have caused investor panic throughout the sector -- offsetting positive growth predictions from the analyst community. 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:

Independent research firm, Ovum, claims that the OC market grew by 35 percent in 2010 to earn revenues of $5.6 billion. What drove the majority of the OC growth in 2010 were the ROADMs and filter segment, which grew 46 percent during the year, compared to 2009 and posted annual revenues of $0.9 billion. Darryl Inniss, an analyst at Ovum, says that Ovum expects the OC market will "continue to expand in 2011, but at a slower rate."

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.

New Mexico based fiber optics and solar photovoltaic products maker, EMCORE, got caught in an industry-wide selloff last Friday, dropping more than 5 percent. The company recently announced that it acquired certain assets of commercial rooftop concentrated photovoltaic systems company Soliant Energy. EMCORE plans to integrate the former Soliant research and development and pilot production line into its existing facilities.

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