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JDSU Mixed Signals

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By Douglas A. McIntyre Updated Published
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JDSU (JDSU-NASDAQ) gave earnings today, but remember that it had already guided higher.

It posted revenues at $366.3M and GAAP net income $0.10 EPS, non-GAAP EPS $0.13 versus $0.10 estimates.  On JAN 18 it raised its 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.

JDSU expects net revenue for the third quarter of fiscal 2007, ending March 31, 2007, to be in the range of $333 to $353 million; although estimates are $351 million.  So they raised two weeks ago, but guidance looks soft here for the coming quarter at the mid-point of the range.  Maybe they are just trying to be conservative, but after its history traders don’t like giving JDSU the benefit of the doubt.

JDSU closed up almost 3% at $17.21 (versus $13.93 adjusted 52-week lows) and it is now indicated back down to $17.21.

Jon C. Ogg
January 31, 2007

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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