Needham upgraded several optical communication companies on Monday. Optical communication, also known as optical telecommunication, is communication at a distance using light to carry information. It can be performed visually or by using electronic devices.
Below is a list of four companies, all of which were upgraded to Strong Buy, which implies the stocks are expected to dramatically outperform the overall market and/or the return of its peers.
- Infinera Corp. INFN
- Lumentum Holdings Inc LITE
- Oclaro, Inc. OCLR
- NeoPhotonics Corp NPTN
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