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

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 ( JDSU) pushed the Telecommunications industry lower today making it today's featured Telecommunications laggard. The industry as a whole closed the day up 0.1%. By the end of trading, JDS Uniphase Corp (CA fell $0.16 (-1.3%) to $12.25 on average volume. Throughout the day, 4,790,130 shares of JDS Uniphase Corp (CA exchanged hands as compared to its average daily volume of 5,160,400 shares. The stock ranged in price between $12.19-$12.50 after having opened the day at $12.50 as compared to the previous trading day's close of $12.41. Other companies within the Telecommunications industry that declined today were: Inteliquent ( IQNT), down 9.2%, Barracuda Networks ( CUDA), down 6.5%, Pendrell ( PCO), down 6.1% and Gogo ( GOGO), down 6.0%.

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 $3.1 billion and is part of the technology sector. The company has a P/E ratio of 47.0, above the S&P 500 P/E ratio of 17.7. Shares are down 4.4% year to date as of the close of trading on Thursday. Currently there are 7 analysts that rate JDS Uniphase Corp (CA a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates JDS Uniphase Corp (CA as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, China TechFaith Wireless Comm Tech ( CNTF), up 13.7%, Oi ( OIBR), up 7.0%, Numerex ( NMRX), up 5.4% and Telekomunikasi Indonesia (Persero) Tbk ( TLK), up 5.0% , were all gainers within the telecommunications industry with LM Ericsson Telephone Company ( ERIC) 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 ( IYZ) while those bearish on the telecommunications industry could consider ProShares Ult Sht Telecommunication ( TLL).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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