NEW YORK, NY--(Marketwire - Nov 9, 2012) - The global demand for mobile devices such as smartphones and tablets has provided significant growth opportunities for companies across the technology sector. IHS iSupply forecasts global capital spending on the 4G/LTE infrastructure to nearly triple from the expected $8.7 billion in 2012 to $24.3 billion in 2013. The Paragon Report examines investing opportunities in the Communications Equipment Industry and provides equity research on ADTRAN, Inc. (NASDAQ: ADTN) and Finisar Corporation (NASDAQ: FNSR).
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Shares of telecom equipment providers were boosted Wednesday after AT&T announced plans to invest approximately $14 billion over the next three years to expand its wireless and wireline broadband networks. Of the $14 billion, $8 billion will be devoted to networks, while the other $6 billion is for wireline equipment.
"AT&T's announcement of billions of dollars in new investment in wired and wireless broadband networks is proof positive that the climate for investment and innovation in the U.S. communications sector is healthy," said U.S. Federal Communications Commission Chairman Julius Genachowski in a statement.
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ADTRAN is a leading global provider of networking and communications equipment. ADTRAN's products enable voice, data, video and Internet communications across a variety of network infrastructures. For the third quarter of 2012 the company reported sales of $162,125,000 compared to $192,194,000 in the third quarter of 2011.
For more than 20 years, Finisar has provided critical optics technologies to system manufacturers to meet the increasing demands for network bandwidth and storage. The company currently expects revenues for the second quarter of fiscal 2013 to be in the range of $225 to $240 million.
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