An optical transceiver and methods for using the same are disclosed. The optical transceiver and methods may be useful for providing more accurate information regarding trends in operation of the optical transceiver, predicting an impending failure of the optical transceiver, and providing details of the optical transceiver prior to failure. The optical transceiver generally includes (1) at least one of (i) a receiver configured to receive optical information and (ii) a transmitter configured to transmit optical information, (2) circuitry configured to sample data for one or more operational parameters of the receiver and/or transmitter, (3) logic configured to perform one or more statistical calculations on the sampled data to generate statistical information, and (iv) one or more memories configured to store the sampled data and the statistical information.