Several telecom equipment/component/chip names are ticking higher after Verizon raises its 2013...

|By:, SA News Editor

Several telecom equipment/component/chip names are ticking higher after Verizon raises its 2013 capex budget to $16.4B-$16.6B from $16.2B (a figure that disappointed investors when announced in January). CIEN +2.7%. JDSU +2%. JNPR +1.7%. SONS +2.3%. ALLT +2.5%. CAVM +1.8%. CALX +2.2%. The group sold off 3 months ago after AT&T lowered its 2014/2015 capex forecasts. It rallied last Thursday thanks to positive analyst commentary.