SOURCE: The Bedford Report

The Bedford Report

May 03, 2011 08:16 ET

Oclaro and JDSU May Have to Wait for Revenue Growth

The Bedford Report Provides Analyst Research on JDS Uniphase and Oclaro

NEW YORK, NY--(Marketwire - May 3, 2011) - It is now the heart of earnings season and investors are feverishly following results from the Optical Components Industry. Shares of companies in the sector surged in the first three months of 2011 as analysts predicted strong growth. However, over the last month valuations have slipped following weak outlooks from many industry heavyweights. The Bedford Report examines the Optical Components Industry and provides research reports on JDS Uniphase Corporation (NASDAQ: JDSU) and Oclaro, Inc. (NASDAQ: OCLR). Access to the full company reports can be found at:

JDS Uniphase, who saw its share price surge more than 40 percent in the first quarter, is the leading provider of communications test solutions and optical products to telecom carriers, cable operators, and network equipment manufacturers. Tom Waechter, JDSU's President and Chief Executive Officer, says this is an "exciting time" as the company's innovation engine and pipeline for new products is robust.

JDSU is set to report fiscal third quarter earnings after market close on Wednesday. For the third quarter ended April 2, 2011, the Company expects non-GAAP net revenue to be in the range of $440 to $460 million.

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.

Last Thursday Oclaro reported a fiscal third-quarter loss of 8 cents a share -- well below the profit of 6 cents a share analysts on average expected. Oclaro CEO Alain Couder says that he expects the slowdown to continue through the upcoming fiscal fourth quarter, but explains that planned new products "are expected to provide revenue growth and gross margin traction in the second half of the calendar year."

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