Leo Fasciocco is a technical stock analyst focused on breakout candidates. Here, the editor of Ticker Tape Digest highlights a pair of technology stocks he believes are poised for upside gains.

Infinera (INFN), based in Sunnyvale, Ca. provides digital optical networking systems to telecom carriers, cable operators, and other service providers worldwide.

Infinera's DTN system and PIC technology are designed to provide optical networks that provide operating simplicity, enhanced revenue generation, and faster time-to-service.

This year, analysts are forecasting a 45% jump in INFN's earnings to 25 cents a share. For 2016, analysts predict a 78% jump in net to 44 cents a share from the anticipated 25 cents this year.

Institutional sponsorship is excellent. The largest fund buyer recently was the 5-star rated Lord Abbett Developing Growth Fund, which purchased 2.5 million shares as a new position. That is impressive.

INFN's stock recently broke out to the upside, carrying the shares to a seven-year high. This is a speculative breakout most suitable for aggressive investors.

The largest fund holder is the 5-star rated Fidelity Growth Co. Fund, which purchased 102,000 shares recently. It has a big 9.4% stake.

MA-Com Technology Solutions (MTSI), based in Lowell, Ma., produces analog semiconductors for use in telecom applications.

This fiscal year ending in September, analysts are forecasting a 48% surge in profits to $1.51 a share. The stock sells with a p/e of 23. We see that as low given the earnings growth outlook. So the stock is attractive to value-growth investors.

Going out to fiscal 2016 ending in September, the Street looks for a 33% jump in net to $2 a share from the anticipated $1.51 this year.

The largest fund buyer recently was the 4-star rated Pyramis Small Company Composite Fund, which purchased 593,389 shares as a new position.

The largest fund holder is the 4-star rated Fidelity Contrafund which was a recent buyer of 8,763 shares.

MTSI's stock has broken out from a six-week flat base. The move carries the stock to a new all-time high.

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