JDS Uniphase Corporation ( JDSU ) saw a big move last session, as the company's shares fell over 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for JDSU, as the stock is now down nearly 12% from Jul 22.
This slump shouldn't be too much of a surprise to investors, as the provider of communications test and measurement solutions and optical products has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
JDSU currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the same sector include 8x8 Inc. ( EGHT
), Aerohive Networks, Inc. ( HIVE
) and Ametek Inc. ( AME
). All these stocks carry a Zacks Rank #2 (Buy).
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportJDS UNIPHASE CP (JDSU): Free Stock Analysis Report8X8 INC (EGHT): Free Stock Analysis ReportAEROHIVE NETWRK (HIVE): Free Stock Analysis ReportAMETEK INC (AME): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research