An optical device for use with an optical input beam comprising an optical thresholding device positioned along an optical path defined by the propagation direction of the optical input beam. If the combined intensity of the optical input beam and a control beam exceeds a threshold level, the optical beam passes through the thresholding device. Preferably, the optical thresholding device is a saturable absorber. When the device is configured as an optical comparator, the intensity of the optical input beam exceeds the threshold level and the thresholding device saturates and turns transparent so that the control beam passes through the thresholding device as an optical indicator beam. When the device is configured as an optical signal attenuator and the intensity of the optical input signal is negligible compared to that of the control beam, the combined intensity of the beams does not saturate the thresholding device.