JDS Uniphase Corp (CA Rises On Unusually High Volume (JDSU)

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.

NEW YORK ( TheStreet) -- JDS Uniphase Corp (CA (Nasdaq: JDSU) is trading at unusually high volume Thursday with 17.4 million shares changing hands. It is currently at 4.2 times its average daily volume and trading up $2.23 (+18%) at $14.63 as of 1:20 p.m. ET.

  • EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.

JDS Uniphase Corp (CA has a market cap of $3.14 billion and is part of the technology sector and telecommunications industry. Shares are down 3.3% year to date as of the close of trading on Wednesday.

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.

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. You can view the full JDS Uniphase Corp (CA Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

It's Official: Action Alerts PLUS beats the S&P 500 with Dividends Reinvested! Cramer and Link were up 16.72% in 2012. Were you? See what they are trading for 14-days FREE.
null

If you liked this article you might like

When Maids Quit to Trade Stocks

When Maids Quit to Trade Stocks

Market Rides a Chinese Seesaw

Market Rides a Chinese Seesaw

NetScout, Danaher Postpone Deal's Closing Date to Give Regulators More Time

4 Big-Volume Stocks to Trade for Breakouts: Big Lots, Fresh Market and More

JDS Uniphase (JDSU) Stock Gains on Competitor's Quarterly Results and Strong Guidance