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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
So what: Several optical-networking stocks rose. JDS Uniphase (Nasdaq: JDSU ) and Ciena (Nasdaq: CIEN ) each soared about as much as Finisar, presumably on the idea that a resurgent Cisco is reflective of industrywide demand for fast data delivery gear.
Now what: Finisar could benefit more than most as a supplier for Cisco's own branded optical-networking equipment. There’s no guarantee, of course; but I get the reasoning behind the rally. Do you agree? Disagree? Weigh in using the comments box below.
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