guidance that stemmed from margin pressure. A slew of other firms with strong telecom capex exposure are also trading lower. JDSU -1.8% . INFN -1.6% . CYNI -2.4% . AFOP -1.5% . CAVM -1.4% . ZHNE -1.6% . Juniper and multiple component
Top gainers, as of 5:15 p.m.: AMSC +11.9% . TFM +7.6% . QUNR +7.1% . GME +6.9% . ROST +5.9% . Top losers, as of 5:15 p.m.: ARO -9.2% . BORN -8.9% . HGSH -3.4% . JDSU -3.0% . FCSC -2.7% . Post your comment!
Optical component vendors JDS Uniphase ( JDSU +4.3% ), Finisar ( FNSR +3.4% ), Oplink ( OPLK +3.2% ), Oclaro ( OCLR +3.6% ), and Alliance Fiber ( AFOP
Several peers and suppliers with strong carrier exposure are selling off. Cisco's numbers follow a soft outlook from JDS Uniphase , and coincide with light guidance from Oclaro . ALU -1.6% . JNPR -1.8% . FN -7.4% . ZHNE -2.1% . EZCH
ticked higher after selling off earlier in the wake of Cisco and Oclaro's reports. Shares fell yesterday in response to JDS Uniphase 's guidance. IAC has moved slightly higher. Shares were already up following news the company has bought Ask.fm . Post
July quarter, and stated it expects carrier demand to remain soft for several quarters. Ciena fell yesterday in response to JDS Uniphase 's weak guidance and cautious CC commentary. Its FQ3 report is due on Sep. 4. Post your comment!
The optical component vendor says a "decline in 40G and lower-speed legacy products" is expected to hurt FQ1 sales. JDS Uniphase offered weak guidance yesterday (soft carrier spending was blamed ), and Cisco reported an 11% Y/Y drop in service provider
B. Riley and Piper have downgraded JDS Uniphase ( JDSU -8.9% ) following its light Sep. quarter outlook . Each cites the impact of soft carrier spending. B. Riley's Dave Kang
Gainers: LIVE +26% . CSIQ +10% . HPJ +8% . Losers: SEAS -28% . KING -23% . CREE -9% . ARWR -8% . DNDN -8% . RIGL -8% . JDSU -6% . Post your comment!
Aug 12 (Reuters) - Network equipment maker JDS Uniphase Corp forecast first-quarter adjusted revenue and profit below market expectations, sending the company's shares down as much as 7.6 percent in extended trading.