SOURCE: The Bedford Report

The Bedford Report

May 05, 2011 08:16 ET

Surging Optical Networking Sector Falters Ahead of Earnings Reports

The Bedford Report Provides Analyst Research on Finisar & Opnext

NEW YORK, NY--(Marketwire - May 5, 2011) - It is now the heart of earnings season and investors are feverishly following results from the Optical Networking Sector. 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 Networking Industry and provides research reports on Finisar Corporation (NASDAQ: FNSR) and Opnext, Inc. (NASDAQ: OPXT). Access to the full company reports can be found at:

With the rapid growth of 3G networks, companies in the optical networking sector are expected to grow as some analysts predict the fiber optics market will double during the coming years thanks to increased internet use. Independent research firm, Ovum, claims that the Optical Components market grew by 35 percent in 2010 to earn revenues of $5.6 billion. The fact that the smartphone market is highly competitive and the technology is rapidly evolving should ensure that the sector's customers will frequently need to upgrade their networks.

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

Heading into the current quarter, Finisar warned of slowing demand in China, calling it an "industry wide phenomenon." China has been critical to Finisar's resurgence as the recession has taken its toll on spending in the US and Europe. Finisar said that fiscal fourth EPS would be in the range of $0.31-0.35 on revenues of $235-250 million; this compared to the Street consensus of $0.48 per share on revenues of $268.55 million.

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