JDSU is far more diversified. FNSR is an optical components pure play. JDSU outsources manufacturing and FNSR has its own facilities. In datacom components FNSR has significant cost and time to market advantages over everyone except Avago. That puts FNSR in the drivers seat for big volume sells to data centers and web2.0 giants like Google, Amazon, Facebook, Microsoft, etc. The 10G optical upgrades in the data centers accounts for the bulk of FNSR revenue gains.
In telco JDSU and FNSR are market leaders in WSS/ROADM units, and go head with transceivers for metro networks.I am not necessarily buying Kisner's remarks that FNSR is capturing share from JDSU, but its possible. Many times, due to the lumpy nature of telecom ordering, it is a matter of projects, once a large project is complete sells may taper off until the next project ramps while a competitor may be still be having strong sells in a different project. The results can really be misleading when telco is as sluggish as it has been this year. Finisar was flat qtr before last and only up 5% recently. It sounds more likely a matter of a lump here and there rather than share gains.
Maybe that's why FNSR had a nice run through the summer months, while JDSU struggled. By the time the average investor hears about it, the information is already priced into the stock.
Jason Kisner, an analyst at Jefferies & Co., said Finisar is taking customers from JDS Uniphase.
"Based on the (management) commentary and our checks, we believe the growth here is due almost entirely to share gain from JDSU, not a broader strengthening in telecom spending," he said in a report.
JDS Uniphase last month gave a weaker-than-expected revenue forecast for the quarter ending this month, sending its stock falling."
It could be they are losing share but do you have any information on this or are you making an educated guess? Over the years I see JDSU consistently bringing good products to market. Not that great management would not have bought better products. I think things get a bit more macro here and there are in a sense factors at play in a cyclical fashion which account for the ebb and flow. I take fnsr results as indicating the cycle is now getting more favorable for the industry. Any feedback appreciated.
How good to hear from you. Bring us up to date on what is going on with you.
Are you still in China?
pas - you have to be kidding 10 years - your been holding this pig / loser for more than 10 years - you've been lurking around this site posting the same pathetic post for many years -
what a loser - pas its time to get a life - do something - go volunteer as a navigator for obamacare - anything is better than trolling around yahoo boards.
re-read your post from years gone by - same stuff years ago as now -
pathetic - yes - you and JDSU -
for a bit and then we see, Only fly in this ointment is the fact they apparently had fnsr earnings in hand about 3 days ago and traded as usual on illegal inside info. So the illegal traders now want out so may for a time limit upside on fnsr.
I am honestly considering it.
I have been waiting 10 years and you are right it it may be time that I take the huge loss. It will definitely help with my gains on DDD, NEE and AAPL.
They gave a very insipid presentation.
This management is very poor in my view.
They should hold their meetings at Starbuck's and only drink quad venti lattes so they can wake up and "smell the coffee." They are asleep at the wheel. They have been asleep at the wheel for quite a while. They missed the whole TV light engine market. They got best reviews for their line of light engines but couldn't make them in a production line. So what good are the great reviews IF YOU CAN'T SELL THEM?????
Now they are doing the same type of thing. Great reviews but their competitors are selling and growing and jdsu is cutting back on its forecasts.
They are out of their depth and management should be shaken up.
It would be odd to see FSNR dwarfing jdsu's market cap.
jdsu the 800lb gorilla (in jdsu's imagination only) in reality they are going down.
Iguess the only way jdsu will go up is riding on someone elses coat tail.
I read the transcript of "JDS Uniphase's Management Presents at the Credit Suisse Technology Conference." It is the same tired speach they give over and over and over.