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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.
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