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Technology Stocks : Optical Networks and Components, DWDM and Tunable Lasers

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From: JakeStraw	3/25/2011 3:32:28 PM
	1 Recommendation of 275

This Group of Stocks is Now a BUY streetauthority.com Analysts at Auriga Securities think Oclaro (Nasdaq: OCLR) will be the first to rebound, thanks to a range of newly-released products reaching customers in the spring. "The June 2011 quarter is pivotal for the company as new products including ROADM (reconfigurable optical add-drop multiplexer) and 40G transceivers." They see shares rising from a current $11 to $14. Longer-term, shares could rebound back to the 52-week high of $19 because Oclaro has considerable exposure to the Chinese market: China's Huawei, the world's second-largest telecom equipment provider, accounts for 17% of Oclaro's sales, a figure that has been steadily rising in recent years. Another play is San Jose, Calif.-based Neophotonics (Nasdaq: NPTN), which derives 50% of sales from China. Shares of this early February 2011 IPO have already fallen by half from their peak. Citigroup's analysts attended the same OFC conference and came away with their bullish industry view intact, despite the recent problems. They were particularly impressed with Ciena (Nasdaq: CIEN), predicting the company "will be a share gainer through the next cycle and expect to see a significant deal win over the next 90 days." They see shares rising from $24 to $34 in the next 12 months.

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