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: JDS Uniphase
So what: What's the reason behind the price spike? Take your pick. Telecom equipment peer Ciena
Now what: Any one of those factors could have caused a price spike at JDS. Put 'em all together in one place and they apparently cause a 9% price spike. As for what will keep the shares climbing higher, though ... I don't know. JDS already look priced for perfection at better than 43 times trailing earnings. That's a pretty penny to pay for the 14% long-term growth rate most analysts expect out of JDS. If you ask me, today's surging share price might best be used as an opportunity to exit the shares on a high note.
Will JDS reward investors who stay the course? Add it to your Watchlist and find out.