The maker of fiber-optic networking equipment more than doubled its second-quarter non-GAAP earnings to $0.29 per share on revenues of $477 million. Both results were way better than the average analyst estimate, and sales also beat JDSU's own guidance senseless.
The stock is up by more than 25% overnight on this report and has gained 173% over the last year.
Some of the kudos for these terrific numbers belongs to Microsoft
During the earnings call, management underscored that these trends are lifting all optical networking boats. That explains why fiber optics and network measurement rivals EXFO Electro-Optical Engineering
Adding JDSU to your Foolish watchlist gives you a simple way to keep track of the core of the optical network industry. You won't be surprised the next time you see these stocks popping like Champagne corks.
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