JDS Uniphase Shares Popped: What You Need to Know

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 (Nasdaq: JDSU  ) traded sharply higher today, rising as much as 25% after the company released earnings.

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 (Nasdaq: MSFT  ) Kinect gaming system helped results by dancing its way into 8 million homes.

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.

Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.

Microsoft is a Motley Fool Inside Value selection. Motley Fool Options has recommended a diagonal call position on Microsoft. The Fool owns shares of Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


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