Emcore (EMKR) and NeoPhotonics (NPTN) Winners from OFC Tradeshow - Needham & Company

March 20, 2013 8:23 AM EDT Send to a Friend
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Needham & Company analyst Alex Henderson commented on the optical component sector Wednesday following the OFC tradeshow, the biggest for the sector.

While evidence of a cyclical recovery was not evident, the analyst came away with a unanimous view that demand was set to pick up, and the only question was slope and timing and no longer a question of "if it would recover."

Emcore (NASDAQ: EMKR) and NeoPhotonics (NASDAQ: NPTN) had the best tone at the show. "The tone was most positive out of Emcore, where its micro iTLA and T-XFP yield
gains seem to have set the company up for success. We also came away with a strong positive read from NeoPhotonics," Henderson notes.

He continued, "JDSU (NASDAQ: JDSU) stressed strong new products and design wins, but also noted they have seen only normal seasonal demand. Finisar (NASDAQ: FNSR) repeated the commentary from its early March conference call, with an upbeat outlook. Fabrinet seemed optimistic. We continue to see Oclaro (NASDAQ: OCLR) as challenged."

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