Needham & Company Maintains a 'Hold' on JDS Uniphase (JDSU); Everything Hinges on Q4 Budget Flush
Tweet
Share
E-mailGet Alerts JDSU Hot Sheet
Price: $10.87 --0%
Rating Summary:
10 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
10 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Join SI Premium – FREE
Needham & Company maintains a 'Hold' on JDS Uniphase (NASDAQ: JDSU).
Analyst, Alex Henderson, said, "JDSU reported solid quarter and offered inline revenue but weak margin guidance...Modest pick up in the Optical Component Sector guide and a bit of firming cited on the call could help sentiment on comps Finisar (Nasdaq: FNSR), Oclaro (Nasdaq: OCLR), and Fabrinet (NYSE: FN)...The entire debate on these shares and most of the names in the sector hinge on the CY 4Q outlook. If carriers spend what they say they are going to spend there should be a decent budget flush.
Trimming Estimates for CY2012 and CY2013: CY2012 EPS to $0.61 from $0.66, CY 2013 Revenues to $1,923 from $1,935 million; and CY 2013 EPS to $0.86 from $0.89
For an analyst ratings summary and ratings history on JDS Uniphase click here. For more ratings news on JDS Uniphase click here.
Shares of JDS Uniphase closed at $10.68 yesterday.
Analyst, Alex Henderson, said, "JDSU reported solid quarter and offered inline revenue but weak margin guidance...Modest pick up in the Optical Component Sector guide and a bit of firming cited on the call could help sentiment on comps Finisar (Nasdaq: FNSR), Oclaro (Nasdaq: OCLR), and Fabrinet (NYSE: FN)...The entire debate on these shares and most of the names in the sector hinge on the CY 4Q outlook. If carriers spend what they say they are going to spend there should be a decent budget flush.
Trimming Estimates for CY2012 and CY2013: CY2012 EPS to $0.61 from $0.66, CY 2013 Revenues to $1,923 from $1,935 million; and CY 2013 EPS to $0.86 from $0.89
For an analyst ratings summary and ratings history on JDS Uniphase click here. For more ratings news on JDS Uniphase click here.
Shares of JDS Uniphase closed at $10.68 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- HSBC Downgrades Feng Tay Enterprises (9910:TT) to Hold
- AvidBank Holdings Inc. (AVBH) PT Lowered to $23 at Piper Sandler
- TD Cowen Resumes EQT Corp. (EQT) at Hold
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS ViewRelated Entities
Needham & CompanySign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
