JDS Uniphase Corp (CA Rises On Unusually High Volume (JDSU)
JDS Uniphase Corp (CA (Nasdaq:JDSU) is trading at unusually high volume Thursday with 12.9 million shares changing hands. It is currently at three times its average daily volume and trading up 48 cents (+3.8%).
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 12.9 million shares changing hands. It is currently at three times its average daily volume and trading up 48 cents (+3.8%) at $13 as of 4 p.m. ET.
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JDS Uniphase Corp (CA has a market cap of $3.12 billion and is part of the technology sector and telecommunications industry. Shares are down 7.3% 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 increase in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. 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. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.