Shares of Communication Equipment Companies Fall as Ciena's Fourth Quarter Forecasts Falls Short
Five Star Equities Provides Stock Research on JDS Uniphase and Ericsson
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 09/05/12 -- The Communication Equipment Industry took a hit last week after Ciena, makers of fiber-optic networking equipment, posted a larger fiscal third quarter loss than expected and projected revenues below analysts' estimates. Five Star Equities examines the outlook for companies in the Communication Equipment Industry and provides equity research on JDS Uniphase Corporation (NASDAQ: JDSU) and Ericsson (NASDAQ: ERIC).
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"We continue to win in the market and take share as demonstrated by a solid operating performance in the third quarter," said Gary Smith, president and CEO of Ciena. But the company is "experiencing the effects of ongoing macroeconomic challenges and slower than expected roll-outs of new design wins."
Ciena's weak fourth quarter forecast dragged down shares of other telecom equipment makers. Finisar Corp., JDS Uniphase, Alcatel Lucent SA, and Tellabs all took hits to their share prices last Thursday. Ciena's sales projections of $455 million to $480 million in the fourth quarter fell short of the $500 million predicted by analysts.
Five Star Equities releases regular market updates on the Communication Equipment Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous stock reports and industry newsletters.
JDS Uniphase is a leading provider of optical products and test and measurement solutions for the communications industry. The company last month acquired Korean based GenComm, a provider of wireless test and measurement solutions. GenComm's solutions were previously distributed by JDSU under an OEM relationship.
Ericsson is the world's leading provider of communications technology and services. In 2011 the company had revenues of USD 35.0 billion. The company reported that during the second quarter of 2012 networks sales decreased year-over-year due to the expected decline in CDMA equipment sales as well as weaker sales in China and Russia.
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Datum: 05.09.2012 - 12:20 Uhr
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