The optical networking market has been looking for direction the past couple of months. Late Wednesday, optical component maker Finisar
The stock jumped sky-high on the news. The rest of the optical industry followed suit with strong gains for Oclaro
Finisar's optimism for the next quarter is grounded in solid data, as the company receives orders faster than it can fill them. Data networks both large and small keep their orders flowing, while Finisar sees less growth in components for fiber-based cable TV equipment. The company has met and raised its long-term margin goals ahead of schedule. In short, the king of optical components is looking good from head to toe.
Copper-based networking still has a lot of life left in it, as evidenced by Extreme Networks
Can you find a better networking play than Finisar these days? Then enlighten me in the comments below, because I can't.
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