NEW YORK, NY -- (Marketwire) -- 03/12/13 -- Shares of communications equipment makers have surged in the past week after competitor Ciena Corp. released strong quarterly results. This was our best profitability since the downturn," said Ciena's CEO, Gary Smith. "I think it shows an inflection point in buying trends." Research Driven Investing examines investing opportunities in the Communications Equipment Industry and provides equity research on Ciena Corp. (NASDAQ: CIEN) and JDS Uniphase Corp. (NASDAQ: JDSU) (TSX: JDU).
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The growing demand for smartphones has been a key factor for growth within the communications equipment industry. Smith in a recent interview has stated that customers have been attracted to the latest modern networking technology instead of the conventional equipment sales. Recently, market researcher IDC has forecasted smartphones will outsell feature phones for the first time ever in 2013.
"Smartphone prices have fallen globally, the smartphone strata are wider than ever, and the roll-out of data-centric fourth-generation (4G) wireless networks are three factors that have made these "do-it-all" devices an increasingly attractive option for users," IDC said.
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Ciena collaborates with customers worldwide to unlock the strategic potential of their networks and fundamentally change the way they perform and compete. The company reported an adjusted net income of $12.3 million for the fiscal first quarter, compared to an adjusted net loss of $16.5 million a year ago. Shares of Ciena are up roughly 16.5 percent in the past week.
JDS Uniphase recently announced it has acquired location-aware mobility solutions provider, Arieso, for $85 million in cash. "They are a recognized mobility leader and, as part of JDSU, create new, unique opportunities for innovation in one of the fastest-growing segments of the market." said David Heard, president of Communications Test and Measurement at JDSU.
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