JDS Uniphase Inc. (NASDAQ: JDSU) has just announced that its board of directors has authorized the repurchase of up to $200 million in shares of common stock....
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JDSU today reported results for its first quarter ended September 29, 2007.Net revenue for the first quarter of 2008 was $356.7 million and the net loss was $6.9 million, or $(0.03) per share. This compares to net revenue of $318.1 million and a net loss of $17.4 million or $(0.08) per share in the first quarter of 2007.On a non-GAAP basis, net revenue for the first quarter was $357.2 million and the net income was $18.0 million, or $0.08 per share. This compares to non-GAAP net revenue of $318.2 million and net income of $6.8 million, or $0.03 per share in the first quarter 2007.On an adjusted EBITDA basis (adjusted Earnings Before Interest, Taxes, Depreciation and Amortization) the Company reported $23.7 million for the first quarter, which compares to $9.6 million for the first quarter 2007."In Q1 all key financial metrics improved sequentially as well as year-over-year. For the third consecutive quarter, the company was free cash flow positive at more than $27 million," said Kevin
Chart courtesy of stockchartsShares of JDS Uniphase will be in focus tomorrow after company said Wednesday its fiscal 2007 fourth-quarter loss narrowed, helped by improved results from sales of communications and test measurement products. JDS Uniphase lost $17.9 million, or 8 cents per share, in the quarter ended June 30, compared with a loss of $45.8 million, or 22 cents per share, during the same period a year prior. Revenue rose to $350.7 million from $318.2 million. Looking at the technical chart stock is moving within a negatively inclined channel since May of 2006. At this moment, it is testing the 50 dma as resistance area. In after hours stock is trading up more than 3% so pay attention tomorrow for a possible breakout of the upper trend line at $15.50. I'll be Bullish on stock only if it breakout this trend.Chart courtesy of stockchartsCalvium Network shares were down nearly 2% today closing at $29.92. CAVM looks like it broke out of a tight consolidation and is now pulling
Chart courtesy of stockchartsThe stock has been regaining energy over the last three weeks and is continuing to hit higher 52 week highs day by day. Today another one, AAPLE hit a new 52 week high of $144.18 per share, however shares fell slightly off of their highs by the end of the day to finish at $143.75. The trend is obvious UP !!Chart courtesy of stockchartsThe latest chart and sentiment surrounding the stock appears to be hesitant due to the incredible performance of the stock recently. Investors should look for flat trading in the near-term with a possibility of testing lower prices before moving higher. A close below 105$ could be a bad sign for stock.Chart courtesy of stockchartsJDS Uniphase stock appears to be slightly overbought right now and may see some profit taking. Support 15$.Chart courtesy of stockchartsSince middle of March Juniper Networks has been one of the most amazing stock runs. It quickly moves from about $17 per share to a little over $30 per share in just f
Chart courtesy of stockchartsJDS Uniphase shares was down nearly 14% or 2.31$ to 14.33$ after reported on Wednesday a fiscal third-quarter net loss of $14.2 million, or 7 cents per share, compared to a profit of $3.7 million, or 2 cents per share, a year ago. The company also said that net revenue rose to $361.7 million from $314.9 million. Looking at the chart the stock breakdown the major support of short term at 15$, so now stock may be ready to retest soon 14$ support. Technically stock is now in a Bearish mode, stock price is now trading below 20,50,200 dma, MACD is back again below 0 indicating a bearish market. Major support now at 14$.Chart courtesy of stockchartsKeep an eye on ALEX tomorrow for a possible breakout over 55.20$.Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.That's All. Have a nice evening !!!AC
Chart courtesy of stockchartsShares of Vonage fell more than 25% closing at 3$ after a federal judge ordered Vonage Holdings Corp., the Internet-phone company, to stop using patented technology owned by Verizon. Vonage went public at $17/share and has been going down since. The Stock only found one way in stock market " Down ". I don't know what can I say looking at this chart, oversold but stock still falling.Chart courtesy of stockchartsShares of Nike was up 0.45 to 109.05 a day after its quarterly results that beat forecasts but its guidance was seen as disappointing. The technical chart looks Bullish with both 20,50 dma 200 dma going up and MACD on top of 0, RSI in a Bullish area too.Chart courtesy of stockchartsJDS Uniphase makes a range of fiber-optic components, modules, subsystems and optical test and measurement systems. Its products are deployed in optical networks for the telecom and cable industries, generally to increase speed and traffic-handling capacity versus convent
Analysts are lining up behind JDS Uniphase (JDSU/JDSUD) after the company posted its first non-GAAP earnings that were positive in longer than one can remember. It has been 5-years according to the company.
Shares have traded about 200,000 pre-market and are up almost 10% at $15.75.
Needham has raised the rating of Buy up to a Strong Buy, and it appears as though they have a $26 target assigned to the stock.
Deutsche Bank also raised their Hold rating up to a Buy, although their 12-month target only appears to be $19.00.
There have also been some boutique calls, but we'll probably get some more bulge-bracket firms out omn the name before the morning is over.
JDSUD will trade with the D on the ticker until November 14.
Jon C. OggNovember 3, 2006
JDS Uniphase (JDSUD) was actually trading up 5% at $15.00 in after-hours trading, despite some soft numbers and despite the sequential revenues not continuing higher. The street is focusing on guidance, and it is very likely that there is some short covering going on as well.
Net revenue for the first quarter was $318.1 million and GAAP net loss was $(17.4) million, or $(0.08) per share. The street was looking for $321+ million, but they aren't hitting the stock. This compares to net revenue of $318.2 million and GAAP net loss of $(45.8) million, or $(0.22) per share, reported for the fourth quarter of fiscal 2006, and to net revenue of $258.3 million and a GAAP net loss of $(67.0) million, or $(0.34) per share, for the first quarter of fiscal 2006.
On a non-GAAP basis, net income was $6.8 million, or $0.03 per share. On a non-GAAP EBITDA basis (non-GAAP Earnings Before Interest, Taxes, Depreciation and Amortization), the Company earned $9.6 million for the quarter. This is the first
JDS Uniphase (JDSUD) is actually trading up 5% at $15.00 in after-hours trading, despite some soft numbers and despite the sequential revenues not continuing higher. The street is focusing on guidance, and it is very likely that there is some short covering going on as well.
Net revenue for the first quarter was $318.1 million and GAAP net loss was $(17.4) million, or $(0.08) per share. The street was looking for $321+ million, but they aren't hitting the stock. This compares to net revenue of $318.2 million and GAAP net loss of $(45.8) million, or $(0.22) per share, reported for the fourth quarter of fiscal 2006, and to net revenue of $258.3 million and a GAAP net loss of $(67.0) million, or $(0.34) per share, for the first quarter of fiscal 2006.
On a non-GAAP basis, net income was $6.8 million, or $0.03 per share. On a non-GAAP EBITDA basis (non-GAAP Earnings Before Interest, Taxes, Depreciation and Amortization), the Company earned $9.6 million for the quarter. This is the fir
Chart courtesy of stockchartsShares of JDSU rose more than 6% today without any reported news but with a great volume. The stock closed above 20 and 50 dma, next resistances 18$ and 22$. Guys the DOG woke up again !!! MACD + RSI Indicators are Bullish. Like many friends and some visitors knows this stock is my top pick for 2007.Stocks to watch tomorrow : BEAS , ZVUE , GYMB , ZUMZ , IBIKeep in your radar the following stocks : AMD , ADCTThat's All. Have a nice evening !!AC
Chart courtesy of stockchartsShares of JSUD "D" surged nearly 16% today to 16.58$ per share after reporting good earnings and helped by an upgrade from Needham & Co. " John Harmon " - to "Strong Buy" from "Buy", noting factors such as JDSU's improving earnings. The technical chart shows a Big run followed by an anormal volume ( 4 x average volume ) that confirms the start of the rebound. The MACD is now on top of 0 and the fast line crossover slow line, RSI reached now the Bullish area. The stock have closed today above the major resistance $16 and it's above 20 dma now, the stock came back toward the previous channel.Keep in your wacth list these stocks : RAMBUS, GTW , ERTS , NOVL , THQI for a potential movements. That's All. Have a nice weekend !!!AC
Chart courtesy of stockchartsJDSU stock broke out a few days ago $18 resistance level, and has retraced to the support today with sucess. Could be a bullish stock if resistance becomes support, so keep this baby in your watch list for a possible rally from here "Resistance becomes support ".<ilayer width="468" height="60"><layer src="http%3A%2F%2Fadserver.itsfogo.com%2Fdefault.aspx%3Ftli%26amp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bv%3D1%26amp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bamp%3Bzoneid%3D23980"></layer></ilayer><nolayer><a href="http://adserver.itsfogo.com/click.aspx?t=i&
Chart courtesy of stockchartsShares of JDSU rose today more than 4% to 17.93$ after the company said that it planned to buy Casabyte, a company specializing in monitoring the service quality of mobile phone networks. According to JDSU this acquisition will help to bolster its position in the network quality assurance market. In my opinion I think that this acquisition could be very good for JDSU, Casabyte provide automated quality assessment technology to the wireless industry.The technical chart show that JDSU just broke out of downtrend line (from 22 Nov to 3 Jan 07) Volume is starting to pick up and RSI come back to the Bullish area.Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.That's all. Have a nice evening !!!AC
