NEW YORK, NY--(Marketwire - Mar 13, 2013) - 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 Ericsson (
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Smith in a recent interview has stated that customers have been attracted to the latest modern networking technology instead of the conventional equipment sales. The growing demand for smartphones has been a key factor for growth within the communications equipment industry. 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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Ericsson is a world-leading provider of telecommunications equipment and services to mobile and fixed network operators. Over 1,000 networks in more than 180 countries use their network equipment, and more than 40 percent of the world's mobile traffic passes through Ericsson networks. Shares of the company have surged roughly 28 percent year-to-date.
Harmonic offers a comprehensive, innovative, and market-leading portfolio of video infrastructure products backed with world-class service plans and a global network of local support locations. The company reported a GAAP net income of $4.8 million for the fourth quarter of 2012 compared to a GAAP net loss of $8.2 million in the previous quarter. Shares of Harmonic have gained approx. 14 percent year-to-date.
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