|By Marketwired .||
|November 9, 2012 08:20 AM EST||
NEW YORK, NY -- (Marketwire) -- 11/09/12 -- The global demand for mobile devices such as smartphones and tablets has provided significant growth opportunities for companies across the technology sector. IHS iSupply forecasts global capital spending on the 4G/LTE infrastructure to nearly triple from the expected $8.7 billion in 2012 to $24.3 billion in 2013. The Paragon Report examines investing opportunities in the Communications Industry and provides equity research on Ciena Corporation (NASDAQ: CIEN) and Oclaro, Inc. (NASDAQ: OCLR).
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Shares of telecom equipment providers were boosted Wednesday after AT&T announced plans to invest approximately $14 billion over the next three years to expand its wireless and wireline broadband networks. Of the $14 billion, $8 billion will be devoted to networks, while the other $6 billion is for wireline equipment.
"AT&T's announcement of billions of dollars in new investment in wired and wireless broadband networks is proof positive that the climate for investment and innovation in the U.S. communications sector is healthy," said U.S. Federal Communications Commission Chairman Julius Genachowski in a statement.
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Ciena is a provider of communications networking equipment, software and services that support the transport, switching, aggregation and management of voice, video and data traffic. For the fiscal fourth quarter 2012 the company expects revenues in the range of $455 million to $480 million. Shares of Ciena jumped nearly 10 percent Wednesday.
Oclaro is one of the largest providers of lasers and optical components, modules and subsystems for the optical communications, industrial, and consumer laser markets. For the fiscal first quarter of 2013 the company reported revenues of $148.8 million, compared with revenues of $104.4 million in the fourth quarter of fiscal 2012. For the fiscal second quarter the company expects revenues to range from $145 million to $162 million.
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