JDS Uniphase Breathes Some Life Into Optical Networking Shares (JDSU, GLW, FNSR, OPLK, INFN, NPTN)

Tickerspy’s Optical Networking Index

OPTICAL NETWORKING INVESTING IDEAS

• Popular long ideas: GLW, JDSU, FNSR
• Popular short ideas: GLW, JDSU, OCLR
• Top dividend plays: GLW
• Pro favorites: GLW, JDSU, EMKR

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OPTICAL NETWORKING COVERAGE

These firms are focused on the fiberoptic aspect of networking

• Corning's LCD Forecast Not Worth Tuning Into; Shares Plunge (GLW, FNSR, EMKR, JDSU, OCLR, MRVC)
• After Upgrade, Finisar Leads Optical Networking Stocks Higher (FNSR, JDSU, EXFO, NPTN, OPLK, GLW, OCLR)
• Analysts Drill Down On Optical Networking Stocks (INFN, OCLR, FNSR, JDSU, GLW, EXFO, NPTN, OPXT)

OPTICAL NETWORKING CHART

OPTICAL NETWORKING METRICS

Avg. Market Cap:	$3.0B
Avg. P/E Ratio:	48.0
Avg. Div Yield:	0.2%

Shares of JDS Uniphase (JDSU) are surging 10% after the company reported fiscal third-quarter results that topped Wall Street estimates and raised its fourth-quarter revenue guidance as telecom companies are looking to boost spending on the high-end laser products used to efficiently move data traffic, one of the products California-based JDS Uniphase produces.

The company forecast fourth-quarter revenue of $455-$475 million while analysts were expecting revenue of $469.8 million, an outlook that appears to be helping the Optical Networking Stocks Index to a gain of 2.9%.

Analysts didn’t seem too impressed with the guidance from JDS Uniphase. RBC Capital merely reiterated a “sector perform” rating on the stock, saying it’s too early to jump on the optical bandwagon, while Stifel Nicolaus said the company could gain market share.

Corning (GLW) is the only Index member that is lower today after “Mad Money” host Jim Cramer said “Corning is too inconsistent. I’m a seller of Corning. We have a lot of better stocks to choose from.” Shares of Corning are just fractionally lower.

Finisar (FNSR) and Oplink Communications (OPLK) are both up 3% while Infinera (INFN) and NeoPhotonics (NPTN) are higher by 2%.

Investors can track the Optical Networking Stocks Index for performance trends and a suite of other metrics at tickerspy.com.

Tags: FNSR, GLW, INFN, JDSU, NPTN, OPLK