Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of JDS Uniphase
So what: Revenue was up 38% to $473.5 million, and adjusted earnings per share of $0.29 easily topped estimates of $0.19. JDSU customer Microsoft's
Now what: JDS Uniphase is hitting on all cylinders, and a revenue outlook of $440 million to $460 million even impressed analysts who were only expecting $422.25 million. As broadband needs increase, the company should see improving results over the long term. After such a big jump in share price, I would like to see a pullback before buying shares, but I can't argue with the improving performance.
Interested in more info on JDS Uniphase? Add it to your watchlist.