SOURCE: Five Star Equities
NEW YORK, NY--(Marketwire - Sep 4, 2012) - 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 Alcatel Lucent SA (NYSE: ALU) and Tellabs, Inc. (NASDAQ: TLAB).
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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.
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Alcatel-Lucent is a leading innovator in the field of networking and communications technology, products and services. The company achieved revenues of Euro 15.3 billion in 2011. The company reports that second quarter revenue increased 10.6 percent sequentially and decreased 7.1 percent year-over-year to Euro 3,545 million.
Tellabs is engaged in designing and marketing equipment and services to communications services providers. Tellabs' second quarter 2012 revenue totaled $288 million, compared with $317 million in the year-ago quarter. Shares of the company have fallen over 12 percent this year.
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