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December 26, 2012
12:16 EDTJDSU, FNSR, OPLKJDS Uniphase up after analyst predicts better 2013 for optical sector
Optical products maker JDS Uniphase (JDSU) and two of its peers are advancing after Piper Jaffray analyst Troy Jensen forecast that the optical sector's demand trends are likely to improve in 2013. In a note to investors earlier today, Jensen wrote that telecom companies' capital spending is at low levels and some of the largest telecom companies plan to increase their capital expenditures in the future. As a result, optical products makers' sales should be higher than expected in the second half of 2013 as telecom companies expand or upgrade their network infrastructure, the analyst believes. JDS Uniphase should also benefit from market share gains, added Jensen, who increased his price target on the stock to $16 from $12. The analyst reiterated his Overweight rating on the shares. In early afternoon trading, JDS Uniphase climbed 24c, or 1.82%, to $13.40, while Finisar (FNSR) advanced 1.66% to $15.93 and Oplink (OPLK) rose 0.89% to $15.23.
News For JDSU;FNSR;OPLK From The Last 14 Days
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July 29, 2014
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