The optical networking industry is growing, but it's doing it in fits and starts. If you took optical component specialist Oclaro
In its first-quarter report last night, JDS showed some muscle with 36% year-over-year sales growth and five times fatter non-GAAP earnings per share. Gross margins expanded by nearly 2 percentage points from last quarter. There's a slight slowdown going on in the testing equipment division, but hefty sales in the optical components segment more than made up for it.
Now that we have up-to-date reports from Oclaro, Oplink Communications
The JDS report was impressive enough to keep the stock rising on a generally down market day, and it also seems to have pulled some of the competition up by the bootstraps. Optical switch specialist Juniper Networks
Is this a great time to buy optical networkers on the cheap, or is JDS pointing us in the wrong direction? Discuss in the comments below.
Fool contributor Anders Bylund holds no position in any of the companies discussed here. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. You can check out Anders' holdings and a concise bio if you like, and The Motley Fool is investors writing for investors.