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  • For more than a week, and . He also operates

  • and manufactures optical subsystems for use in telecommunications and cable TV network systems. Offerings include transceivers, transmitters, analog RF over fiber products, line cards, circuit packs, and optical add/drop multiplexer products. These devices deliver voice, video, and other data services for consumers and enterprises in the long haul, metropolitan, and access segments of telecommunications and cable TV networks. Major competitors include Intel Corporation (NASDAQ: INTC) and JDS Uniphase Corporation (NASDAQ: JDSU).

    The firm pleased investors last week, when it reported fiscal first quarter (Q1) earnings per share (EPS) of 8 cents and revenues of $36.1 million. Analysts had been expecting breakeven earnings and sales of $34.5 million. Management also guided Q2 revenues to $38-$39 million, versus Street consensus of $38.7 million. Needham subsequently reiterated its "buy" rating on th