SOURCE: The Bedford Report

The Bedford Report

February 14, 2011 11:25 ET

Optical Networking Stocks Emerge as Wall Street Darlings

The Bedford Report Provides Analyst Research on JDS Uniphase & Finisar

NEW YORK, NY--(Marketwire - February 14, 2011) - Optical Networking Stocks have been on a tear for the last month. The surge in shares across the industry has largely been attributed to the reemergence of the once maligned JDS Uniphase. Last week JDSU hit a new five-year high and brought the whole industry up with it. The Bedford Report examines the Optical Networking Industry and provides research reports on JDS Uniphase Corporation (NASDAQ: JDSU) and Finisar Corporation (NASDAQ: FNSR). Access to the full company reports can be found at:

Friday's 11 percent surge by JDS Uniphase was nothing compared to the more than 25 percent spike seen earlier in the month when the company reported a strong fiscal second-quarter. JDSU, which manufactures optical networking components and test and measurement equipment, posted a non-profit of $67 million, or 29 cents a share, on revenue of $477.2 million for its quarter ended December 31. This is substantially above the 17 cents a share analysts had predicted on average.

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The company's earnings got a boost from strong demand for its testing products as telecommunications companies expand their networks to meet rising Internet traffic. In addition, JDSU components are used in Microsoft's highly popular "Kinect" gaming system.

The same day JDSU posted its blowout earnings, industry peer Finisar had its earnings estimate upped by Credit Suisse. Finisar's products are gaining notoriety as broadband and wireless companies scramble to improve networks to keep up with growing demand.

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