Is a fiber optics mega-cycle in the works?

July 27, 2016
Shares of fiber optics technology vendors are surging after Needham & Co. predicted a perfect storm of three different demand sources.


Shares of fiber optics technology vendors NeoPhotonics (NPTN), Lumentum Holdings(LITE), and others are surging after Needham & Co. analysts Alex Henderson, Quinn Bolton and James Ricchiuti put out a 90-page group report in which they raise ratings on four names to Strong Buy from Buy, and raise price targets on several stocks, predicting a “mega cycle” in fiber-optic networking.

Henderson and company predict a kind of perfect storm of three different demand sources, China, the metropolitan networking market, and the data center proliferation in cloud computing, something deemed unprecedented.

About the Author

Conard Holton | Editor at Large

Conard Holton has 25 years of science and technology editing and writing experience. He was formerly a staff member and consultant for government agencies such as the New York State Energy Research and Development Authority and the International Atomic Energy Agency, and engineering companies such as Bechtel. He joined Laser Focus World in 1997 as senior editor, becoming editor in chief of WDM Solutions, which he founded in 1999. In 2003 he joined Vision Systems Design as editor in chief, while continuing as contributing editor at Laser Focus World. Conard became editor in chief of Laser Focus World in August 2011, a role in which he served through August 2018. He then served as Editor at Large for Laser Focus World and Co-Chair of the Lasers & Photonics Marketplace Seminar from August 2018 through January 2022. He received his B.A. from the University of Pennsylvania, with additional studies at the Colorado School of Mines and Medill School of Journalism at Northwestern University.

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