NEW YORK, NY — (Marketwire) — 08/01/11 — Analysts believe that companies in the Optical Components industry remain well positioned to take advantage of several secular shifts relating to the way in which companies and the general population access the internet. The Bedford Report examines the Optical Components Industry and provides equity research on JDS Uniphase Corporation (NASDAQ: JDSU) and Oclaro, Inc. (NASDAQ: OCLR). Access to the full company reports can be found at:
Some analysts are predicting the fiber optics market will double during the coming years thanks to increased internet use. The fact that the smartphone and mobile device market is highly competitive and the technology is rapidly changing should also ensure that the sector-s customers will frequently need to upgrade their networks. The research firm, Ovum, claims that the optical components (OC) market grew by 35 percent last year to earn revenues of $5.6 billion.
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Recently Oclaro reported that revenues were $109.2 million for the fourth quarter of fiscal 2011, compared to $115.7 million in the third quarter of fiscal 2011. GAAP operating loss was $33.6 million for the fourth quarter of fiscal 2011. Oclaro CEO Alain Couder recently explained that planned new products “are expected to provide revenue growth and gross margin traction in the second half of the calendar year.”
JDS Uniphase will report fiscal fourth quarter results on August 17th. Earlier this month JDSU introduced an innovative compact modular test set that is capable of conducting the widest range of test applications for virtually every type of optical fiber network.
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