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.
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Jul 2016 | Needham | Upgrades | Buy | Strong Buy |
| Jul 2016 | B. Riley | Initiates Coverage on | Buy | |
| Jun 2016 | Nomura | Initiates Coverage on | Buy |
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