Avago Technologies AVGO (AVGO) is a Singapore based semiconductor manufacturer that is set to benefit from the launch of the new iPhone 5S and iPhone 5C from Apple AAPL (AAPL) as well as the growing need for Small Cell BTS systems. The company has had a long-term relationship with Apple. Apple has been using power
Fininsar (FNSR) reported better than expected earnings and gave better than expected projections. We are initiating a long position in JDS Uniphase (JDSU) as a sympathy play to Finisar. Our entry in JDS Uniphase is at $12.82. The plan is to add more to JDS Uniphase if
Ciena (CIEN) is rising on short covering. CIena is now trading up to $14.60 Ciena beat earnings by $0.17, but guided Q4 revs below consensus . Ciena explained, “Our third quarter results, which included a favorable product mix and reduced operating expense to achieve an as-adjusted operating profit,
Image via Wikipedia We have been negative on optical stocks led by JDS Uniphase (JDSU), Finsar (FNSR) and Ciena (CIEN) for two reasons: Irrational exuberance Stock prices far ahead of the fundamentals Now we have the following two fundamental pieces of data that the optical business is nowhere near as