Offhand, the stock's 21 percent rise today -- up 32 cents, at $1.79 -- looks like it might be the result of an analyst note. Paul Bonenfant, who's watched optical communications for some time at Morgan Keegan & Company Inc. , published his first reports on Bookham this morning, saying growth is going to kick in, driven by tunable transmitters, especially.
Bonenfant is keen on Avanex Corp. (Nasdaq: AVNX), too, but notes that legacy products might stunt its growth. Avanex is up 5 cents (6.2%) at 86 cents per share today.
Of course, Avanex has the overhang of a CEO change in the works, after Jo Major's abrupt firing. That's giving investors pause; Bonenfant and others speculate whether it means some big move is in Avanex's near future. (See Avanex Axes CEO Jo Major and Avanex's Major Coup.)
— Craig Matsumoto, West Coast Editor, Light Reading