SOURCE: The Bedford Report

The Bedford Report

March 10, 2011 08:46 ET

Optical Networking -- Correction or Downturn?

The Bedford Report Provides Analyst Research on JDS Uniphase & Ciena

NEW YORK, NY--(Marketwire - March 10, 2011) - After being on a steep uptrend for most of 2011, Optical Networking stocks have plummeted this week. Gloomy forward outlooks from two industry heavyweights have caused investor panic throughout the sector -- offsetting earlier optimistic outlooks from the analyst community. The Bedford Report examines the Networking Equipment Industry and provides research reports on JDS Uniphase Corporation (NASDAQ: JDSU) and Ciena Corporation (NASDAQ: CIEN). Access to the full company reports can be found at:

JDS Uniphase slumped more than 12 percent yesterday, based not on any news of its own, but due to a weak forecast from its largest rival Finisar. Finisar executives warned of slowing demand in China, calling it an "industry wide phenomenon." China has been critical to JDSU's resurgence as the recession has taken its toll on spending in the US and Europe.

JDS Uniphase's management painted a much brighter forward outlook when it reported fiscal second quarter earnings last month, forecasting a seven percent sequential jump in revenue for the upcoming quarter.

The Bedford Report releases regular market updates on the Networking Equipment 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.

Ciena is another networking equipment maker with a large presence in China. On Monday, the company reported a wider fiscal first-quarter loss, dragged down by costs related to its year-ago purchase of a part of Nortel Networks. For the quarter, Ciena lost $79.1 million, or 84 cents per share, in the period ended Jan. 31. That compares with a year-earlier loss of $53.3 million, or 58 cents per share. Ciena's projected fiscal second-quarter sales of $415 million to $435 million missed analyst estimates.

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