On Mar 12, 2014, we issued an updated research report on
JDS Uniphase Corp.
). The company improved its year-over-year performance on strong
contributions from its Internetworking and Broadband Access
The results were supported by an improved spending atmosphere
and increased strategic investment by its carrier and enterprise
customers. Also, the company's international business generated
record high revenues.
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JDS Uniphase has delivered only one positive earnings surprise in
the last year, with an average beat of negative 4.17%. However,
the company reported better financial results for the fourth
quarter of fiscal 2013 with both the top and the bottom line
missing the Zacks Consensus Estimate.
JDS Uniphase's newly-launched products coupled with the
acquisition of Trendium, Network Instruments and Arieso are the
long-term positives for the company. Moreover, higher Internet
usage and associated applications have spurred demand for
components and modules used in 3G/4G high-speed communication
networks, benefiting JDSU in the long run.
However, on the downside, the ongoing global economic
fluctuations may significantly affect the prospects of JDS
Uniphase. Moreover, the consolidation trend of wireless networks
and data centers will worsen the situation. Meanwhile, the stock
price is fairly valued at current levels and is trading at the
high-end of a 52-week high.
JDS Uniphase currently carries a Zacks Rank #3 (Hold).
Stocks That Warrant a Look
Other better-ranked stocks that belong to the sector include
). Currently, ClearOne and Plantronics have a Zacks Rank #2 (Buy)
while Alcatel has a Zacks Rank #3 (Hold).