The Sterne Agee analysts responded to the news by cutting ratings on Oclaro, JDSU and Opmext.
FORBES: Optical Stks Fall As Thai Floods Hit Key Supplier Fabrinet
Waechter has been moving JDSU from selling individual components to increasingly complex systems that carry higher margins.
The Optical group has a little life in the form of Finisar (FNSR) and JDS Uniphase (JDSU).
At the closing bell, NNN is down about 0.1%, while JDSU is up about 1.9% on the day Friday.
FORBES: National Retail Properties Larger Than S&P 500 Component JDS Uniphase Corp
Leading the way is JDSU (JDSU), a company I actually profiled in a bullish column in the last print edition of Forbes.
Newton in a separate notes that the deal should be a long-term positive for the optical sector, with the most upside likely for JDSU and Finisar.
One of our erstwhile companies that has been solving problems for the last five years is JDSU. It has been cutting back, and pruning, and shrinking costs.
In the latest sign of weak demand for telecom infrastructure, optical networking supplier JDSU this afternoon posted mixed results for the fiscal first quarter ended September 29.
FORBES: JDSU Posts Mixed FY Q1; Q2 Guidance Misses; Blame Telcos
Optical networking equipment is almost entirely all JDSU does.
Although the company did not detail the connection with Thailand, JDSU is a customer of the optical products contract manufacturer Fabrinet, which has suffered considerable flood damage as its facilities in Thailand.
FORBES: JDSU FY Q1 Tops Estimates; Sees Q2 Hit From Thai Floods
Shares of optical networking component and test equipment provider JDSU are trading lower Thursday after Raymond James analyst Simon Leopold cut his rating on the stock to Market Perform from Outperform.
FORBES: JDSU: Raymond James Cuts Rating, Trims Ests After Rally
According to the ETF Finder at ETF Channel, NNN and JDSU collectively make up 1.43% of the Fundamental Pure Small Growth Portfolio ETF (PXSG) which is up by about 0.9% on the day Friday.
FORBES: National Retail Properties Larger Than S&P 500 Component JDS Uniphase Corp
Shares of optical networking components company JDSU, which had rallied after hours on stronger-than-expected results for its fiscal second quarter ended December 31, have reversed course this morning and now trade in the red.
FORBES: JDSU Off Despite Big FY Q2; Margin Woes; UBS Cuts Rating
The company makes two pieces of the system: a laser diode that shoots a signal at the player, recognizes her motions and reflects them back to the console, at which point they hit a second JDSU part, an optical filter.
But JDSU elaborated on the call.
FORBES: JDSU Off Despite Big FY Q2; Margin Woes; UBS Cuts Rating
During a recent visit to the FORBES bureau in San Francisco, JDSU Chief Executive Thomas Waechter noted that in order to meet demand, companies making telecommunications equipment and their carrier customers are buying truckloads of the esoterica sold by JDSU and rivals.
In addition to losing its digital subscriber line business, Nortel Networks (nyse: NT - news - people), a JDS Uniphase (nasdaq: JDSU - news - people) competitor, is losing its chief operating officer, Clarence Chandran .
Update : JDSU CEO Tom Waechter said in an interview with Forbes this afternoon that the company has been benefiting from a steady stream of new products, with the optical components group generating 65% of revenue from products two years old or less.
FORBES: JDSU Rallies On Q3 Beat; Rebound For Optical Parts (Update)
Irrational exuberance and irrational pessimism is more pronounced in momentum investing whereby investors chase after popular stocks networking in the late 1990s like JDS Uniphase (NASDAQ:JDSU), Ciena (NASDAQ:CIEN), Cisco Systems (NASDAQ:CSCO), and Lucent-Alcatel (NYSE:ALU) that now trade at a fraction of their 2001 highs.
After almost a decade of fast growth, the leadership of Cisco Systems (NASDAQ: CSCO), Ciena Corp ( CIEN), JDS Uniphase ( JDSU), Corning ( GLW) and Ariba Inc. ( ARBA), and Lucent-Alcatel (NYSE: ALU) became complacent and arrogant with success, setting the stage for the eventual slow-down and downfall to irrelevance.
This means that, unless Netflix finds some magic way to fix its model or being acquired by someone, it is doomed to follow the path to irrelevance, as did Dell Computer (NASDAQ: Dell), Cisco Systems (NASDAQ:CSCO), JDS Uniphase (NASDAQ:JDSU), Ciena Corporation (NASDAQ:CIEN), and Lucent Alcatel (NYSE:ALU) in the last decade.
FORBES: Netflix's Strategy Flip-Flops: Courage or Recklessness?
Fund manager Rajiv Kaul has focused on a handful of relatively new companies, including high-speed router maker Juniper Net (nasdaq: JUNI) at 8.98% of holdings, semiconductor manufacturer JDS Uniphase (nasdaq: JDSU - news - people) at 6.09% and optical networking vendor Sycamore Networks (nasdaq: SCMR - news - people) at 3.14%.
应用推荐