DALLAS, June 27, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces a stock report featuring Tellabs Inc. (Nasdaq:TLAB). The report briefly notes the company's most recent developments and news, and outlines its financial position, market performance, and comparison against industry peers.
The full report is available at: www.microstockprofit.com/lp/TLAB
Tellabs Inc. (TLAB) designs and markets equipment and services to communications services providers. The Company's products and services enable its customers to deliver wireline and wireless voice, data and video services to business and residential customers. It sells its products domestically and internationally through its field sales force and distributors/partners. The Company's customer base includes distributors, original equipment manufacturers (OEMs), system integrators and government agencies. The Company operates in three segments: Broadband, Transport and Services.
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In the report, the analyst notes:
"TLAB's stock got a boost in recent weeks on news that UK fibre-optic networking services provider Vtesse has selected Tellabs as a key provider of optical equipment for its national network."
"TLAB posted total revenues of $322 million for the first quarter of 2011, down 15% from $379 million in the first quarter of 2010. For the quarter, the Company reported a net loss on a GAAP basis of $24 million, or $(0.07) per share, as compared to net earnings of $46 million, or $0.12 per share, reported in the prior-year quarter."
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