Shares of Oclaro (NASDAQ: OCLR) recently surged after the optical components manufacturer released its preliminary second quarter results. Revenue is expected to rise 63%-64% annually, compared to its prior forecast for 55%-64% growth. It expects its non-GAAP gross margin to hit 40%, boosting its non-GAAP operating income from $5.3 million a year ago to $36 million — which tops its prior guidance of $22-$26 million. On a GAAP basis, Oclaro expects gross margin of 39.5% and operating income of $33 million.