JDSU (JDSU-NASDAQ) is perhaps one of the largest thorns out there are far as tech blow-ups that survived the tech bubble in 2000. The company just announced that it expects revenue for its fiscal 2007 second quarter to exceed the Company’s previously issued revenue guidance of $332 to $352 million to be within a new range of $360 to $365 million. Consensus estimates were roughly $342 million.
The company said that its Communications Test and Measurement segment performed particularly well during the quarter from seasonal strength associated with customer spending patterns and improved execution relative to the previous quarter. Strong revenue growth in Communications Test and Measurement more than offset a small sequential revenue decline in the Optical Communications segment, associated with customer supply chain and inventory rationalization.
Shares closed down 2.6% at $15.79, and shares are up over 12% at $17.80 in after-hours trading. Its adjusted 52-week trading after the reverse split is $13.93 to $34.40. Maybe not all of the tech companies are being treated poorly after all.
Jon C. Ogg
January 18, 2007
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