Optical and Networking are still stuggling.  Second half should be the inflection point.  Ericsson reported better earnings this am, it should lift the sector some.

With 5G coming, it will kick into high gear sales of Optical and Switching and routing:

lightreading.com/gi...37627?

lt cap,

Thanks for the news. Yes, NOK and INFN seem to be reacting favorably - very much so for NOK. CIEN always seems, mysteriously to have some inverse relationship to those two - I hesitated to write calls when CIEN hit $27.50. It's been mysteriously dropping, day by day, to $26.41, mirroring it's previously mysterious climb, day by day. The one assumption I hold onto is that you can't run 5g on 4g equipment, I assume.  So the capex drought has to be over, sooner or later, in the next couple years. I do wonder whether the competition among optical network hardware makers will mute the upside effect. I would think it's possible that, at least, the increase in business might be delayed, i.e., margins become razor thin to get the equipment in place, and profits only really climb once orders for secondary equipment, from a now proprietary vendor, are placed. I haven't stated this well, but I think you know what I mean. Somewhat like how ALU remained alive all those years ago by giving away equipment.

I sure hope that the giving away to protect market share has ended, it benefits no one.  We will know within the next year or so.