JDS Uniphase Corp (CA) (JDSU): Today's Featured Technology Winner

JDS Uniphase Corp (CA ( JDSU) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 0.3%. By the end of trading, JDS Uniphase Corp (CA rose 16 cents (1.5%) to $11.06 on heavy volume. Throughout the day, 7.7 million shares of JDS Uniphase Corp (CA exchanged hands as compared to its average daily volume of five million shares. The stock ranged in a price between $10.88-$11.38 after having opened the day at $11.27 as compared to the previous trading day's close of $10.90. Other companies within the Technology sector that increased today were: FSI International ( FSII), up 52.5%, Pervasive Software ( PVSW), up 23.2%, Ascent Solar Technologies ( ASTI), up 21.1%, and ARC Wireless Solutions ( ARCW), up 18.8%.

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 $2.45 billion and is part of the telecommunications industry. Shares are up 1.4% year to date as of the close of trading on Friday. Currently there are eight analysts that rate JDS Uniphase Corp (CA a buy, no analysts rate it a sell, and three rate it a hold.

TheStreet Ratings rates JDS Uniphase Corp (CA as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow.

On the negative front, Powerwave Technologies ( PWAV), down 23.1%, Internet Gold Golden Lines ( IGLD), down 16.9%, B Communications ( BCOM), down 14.1%, and Otelco ( OTT), down 12.1%, were all laggards within the technology sector with Juniper Networks ( JNPR) being today's technology sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).
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