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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

JDS Uniphase Corp (CA



) pushed the Telecommunications industry lower today making it today's featured Telecommunications laggard. The industry as a whole closed the day up 0.7%. By the end of trading, JDS Uniphase Corp (CA fell $0.20 (-1.6%) to $12.67 on average volume. Throughout the day, 5,418,368 shares of JDS Uniphase Corp (CA exchanged hands as compared to its average daily volume of 3,704,200 shares. The stock ranged in price between $12.58-$12.86 after having opened the day at $12.83 as compared to the previous trading day's close of $12.87. Other companies within the Telecommunications industry that declined today were:

Ikanos Communications



), down 29.5%,




), down 12.7%,

Knowles Corporation



), down 5.4% and

Technical Communications



), down 4.8%.

JDS Uniphase Corporation provides communications test and measurement solutions, and optical products for telecommunications service providers, wireless operators, cable operators, network-equipment manufacturers, and enterprises worldwide. JDS Uniphase Corp (CA has a market cap of $2.9 billion and is part of the technology sector. The company has a P/E ratio of 46.8, above the S&P 500 P/E ratio of 17.7. Shares are down 1.7% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate JDS Uniphase Corp (CA a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Ratings rates

JDS Uniphase Corp (CA

as a


. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including relatively poor performance when compared with the S&P 500 during the past year and weak operating cash flow.

On the positive front,

Straight Path Communications



), up 16.7%,

GTT Communications



), up 8.3%,

Allot Communications



), up 8.2% and

Sonus Networks



), up 7.9% , were all gainers within the telecommunications industry with

Level 3 Communications



) being today's featured telecommunications industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the telecommunications industry could consider

iShares Dow Jones US Telecom



) while those bearish on the telecommunications industry could consider

ProShares Ult Sht Telecommunication




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