Optical equipment maker New Focus (NUFO) was up 23.5% in midafternoon trade after forecasting a 60% increase in revenue in the coming year. The company also posted fourth-quarter earnings of 4 cents per share, beating the Street's 3-cent estimate. Dain Rauscher Wessels upgraded the stock to strong buy from buy and set a 12-month target of $100. U.S. Bancorp Piper Jaffray reiterated its strong buy. Other optical stocks were also higher. Corning (GLW) - Get Report was up 2.4%. JDS Uniphase (JDSU) was up 1%.