JDS Uniphase (JDSU) stock fell 8.5% Wednesday after the company’s current-quarter earnings guidance missed Wall Street expectations, with company CEO citing a “challenging telecom spending period” for the maker of fiber-optics components. JDS stock closed at 10.90 in the stock market today, near the 10.29 it hit in May, which had been the stock’s lowest price since November 2012. The Milpitas, Calif.-based company said it expects earnings per
JDS Uniphase (JDSU) late Thursday reported fiscal Q2 results above views and cited growing demand for fiber-optic parts and testing in China for 4G LTE wireless networks, sending its shares rising. JDS Uniphase stock was up 7% in midday trading in the stock market today, near 13.50, a three-month high. The stock plunged more than 11% three months ago, when the company’s outlook lagged Wall Street expectations. For the quarter ended Dec. 28, JDSU
Ciena (CIEN) stock fell Thursday after the fiber-optics parts maker missed fiscal Q4 earnings estimates and forecast current-quarter revenue below views. Ciena stock was down 3.3% in early trading in the stock market today. Fiber-optics rival Finisar (FNSR), however, was up 2% in early trading Thursday, while JDS Uniphase (JDSU) was down 1%. Finisar last week beat expectations, sending its stock rising, as IBD reported. IBD’s Telecom-Fiber Optics