In spite of beating FQ2 estimates, Oclaro (OCLR -9%) is selling off today, as the Street focuses...

|By:, SA News Editor

In spite of beating FQ2 estimates, Oclaro (OCLR -9%) is selling off today, as the Street focuses on the optical component maker's underwhelming FQ3 guidance (revenue of $90M-$97M vs. consensus of $115M), likely affected by soft telecom capex. Falling in sympathy: JDSU -3.7%. FNSR -2.5%. OPXT -1.8%. NPTN -1.9%. (transcript)