What’s Up With Optical Stocks?

All talk of broadband proliferation, IPTV, and consolidation in the telecom hardware business is lifting optical stocks. Mind you, they are still a very pale self of their former bubblicious self. These stocks used to trade in triple digits, but nose-dived once the telecom bubble burst. TheStreet.com noticed that as well. Actually the entire telecom ecosystem is trading at near 12-month highs. Check out Qwest, Level 3, Ciena, Tellabs and JDS Uniphase! If you get a chance, read my story on the telecom turnaround from CNN Money. Here is Real Money’s take.