I'm not going to pretend that this was a blowout quarter. But it was certainly a solid performance by a company that is still trying to win the Street's respect. What these results also demonstrate is, among other things, that there is indeed cause for investor optimism, and the expected rebound in telecom companies is not as far-fetched as previously thought. I say this while understanding full well Finisar still has some obstacles to face. Although several of its high-profile clients including Cisco and Ciena are performing well today, which helps boost Finisar's earnings, there are still a handful such as Brocade ( BRCD) that haven't been able to capitalize on the spending recovery. Follow @saintssense This article was written by an independent contributor, separate from TheStreet's regular news coverage.