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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

JDS Uniphase Corp (CA ( JDSU) pushed the Telecommunications industry higher today making it today's featured telecommunications winner. The industry as a whole closed the day down 0.4%. By the end of trading, JDS Uniphase Corp (CA rose 20 cents (1.5%) to $13.65 on average volume. Throughout the day, four million shares of JDS Uniphase Corp (CA exchanged hands as compared to its average daily volume of 4.3 million shares. The stock ranged in a price between $13.40-$13.67 after having opened the day at $13.44 as compared to the previous trading day's close of $13.45. Other companies within the Telecommunications industry that increased today were: Novatel Wireless ( NVTL), up 13.7%, Dialogic ( DLGC), up 6.7%, NII Holdings ( NIHD), up 5.5%, and Sierra Wireless ( SWIR), up 4.7%.
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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 $3.05 billion and is part of the technology sector. Shares are down 0.7% year to date as of the close of trading on Friday. Currently there are seven analysts that rate JDS Uniphase Corp (CA a buy, no analysts rate it a sell, and four 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 revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself.

On the negative front, Powerwave Technologies ( PWAV), down 74.2%, Internet Gold Golden Lines ( IGLD), down 9.5%, 8x8 ( EGHT), down 8.1%, and Motricity ( MOTR), down 8%, were all laggards within the telecommunications industry with Sprint Nextel ( S) being today's telecommunications industry laggard.

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 ( IYZ) while those bearish on the telecommunications industry could consider ProShares Ult Sht Telecommunication ( TLL).

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