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."
Let's hope this acquisition works to jdsu investors benefit finally.
"""While the company operates in a long term growth industry, JDSU appears to be not raping the fruits from doing so. It states that more complex telecommunication devices, combined with the increased needs from vendors should benefit the company, yet shareholders are hardly seeing this."""
jdsu is run and managed with the air of "American Exceptionalism." They are the heroes of their own dreams. Every quarter you hear about how wonderful they all are and are doing but the bottom line tells the real story. jdsu is full of itself, bloated with selfconfidence but lacking the skills to succeed.
I agree with you. jdsu is a mess. A mess created by its leadership or should I say LACK of leadership.
It will offset a bunch of gains elsewhere.
Felt good to sell some of this POS.
I have an opportunity to offset this loss.
I am happy with the write off.
My question to you is ... do you really think jdus will go up $18 share?????
I wish I had your faith.
(I still own over 10K of this monster loss)
I understand the wash sale to be that I can not involve myself with any investment that deals with jdsu whether it be options or another similar stock. I sold GDX (of course it is up big today) and can not now get into another gold stock ETF until the wash sale rules allow me too.
AM I thinking about this incorrectly????????
My $18 per share loss is taking into account the RS from years ago.
Martin ... if you are addressing me, pasdechat...
If you mean by whining… that I was issuing a complaint or whimpering about selling jdsu, you are, of course, incorrect.
Nor was I sniveling, guzzling, yammering, yawping, kvetching or quetching.
I simply stated that I was selling a position I have had for 10 years and am very fortunate to be able to use jdsu as a tax write-off.
I am lucky that other investments are paying off.
Now, you like Orange, must still be hurting from investing in jdsu. And you have not recovered elsewhere. Hopefully that will change for you this coming year. (What I see coming up for the stock market this year is a very DOWN year. And I am positioning myself for the drop. But good luck to you and have a great day!)
If so then jdsu would want to protect what ever small gains they can claim per share.
LOL... what a poor investor Ii have been in the FO biz.
I guess this is a sign they didn't do well financially AGAIN.
jdsu managements upcoming speech, " jdsu is proud of its meeting all of its goals. We see into the future that jdsu will have its turn around in another 6 months to a year. We have made incredible transformation and have set ourselves up for the turn around. Unfortunately one of our sectors is dragging. We had no idea. It was a complete surprise. We are continuing to speak out of both sides of your mouths and are looking to teach our ears to talk also. Better than that then to speak out our tushie. Remember have faith in us because we know what we are doing. It just will take another decade for the next major build out. Remember LTE was the way but we weren't able to ride the wave.
BUT - We are now at the forefront of 5G/Advanced LTE and we are positioned to miss that buildout also. So trust to us to screw it up once again. And to finish my speech please look at our beauty awards on the jdsu fireplace mantle. IF a higher stock price will not warm your heart than these meaningless awards should. Thank you. I will take all simple and easy questions now from our fine list of BS analysts.
So any real questions from this list of pretend experts??????
Mark Sue - RBC Capital Markets, LLC, Research Division
Kent Schofield - Goldman Sachs Group Inc., Research Division
Alexander B. Henderson - Needham & Company, LLC, Research Division
James M. Kisner - Jefferies LLC, Research Division
Tavy Rosner - Barclays Capital, Research Division
Troy D. Jensen - Piper Jaffray Companies, Research Division
Michael Genovese - MKM Partners LLC, Research Division
Patrick M. Newton - Stifel, Nicolaus & Co., Inc., Research Division
Amitabh Passi - UBS Investment Bank, Research Division
Mark McKechnie - Evercore Partners Inc., Research Division
Jorge Rivas - Craig-Hallum Capital Group LLC, Research Division
I will say I was WRONG. I will shout it from the top of my house. I WAS WRONG!!! It will FEEL glorious!
But no insider buying... and when was the last time a jdsu executive bought a share??????, their history of missing markets, their total bungling of nearly everything, the Board of Directors being hand picked to gloss over their missteps, tells me I won't have to do that.
So why am I invested here. Because years ago I believed that jdsu was a leader. They are not. And now I use them to offset tax gains for other stocks that are busting out for me.
jdsu is a tax loss only any more.
If jdsu has any employees that come on to this board, I would like to say that you are part of a bunch of unfortunately loser companies. But think God you have a job in todays environment. I am happy for you to be working. But being part of a cutting edge company I don't see that as being the case. They all talk the talk but not walk the walk.
Just look at the stock price trading close to the 52 week low. jdsu rightful place!!!!!!!!