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Feb. 4, 2011, 10:26 a.m. EST
Shares of JDSU (JDSU 22.00, +4.07, +22.70%) , the Milpitas, Calif.-based company formerly known as JDS Uniphase, soared more than 20% to $22.08, rallying after financial results reported late Thursday showed it swinging to a profit on a big jump in sales for the second quarter of fiscal 2011.
“It’s back to a positive bias for JDSU,” RBC Capital analyst Mark Sue said in a note. “The company is pointing to increasing visibility driven by healthy demand for its key products.”
....
Techs advance as JDSU shares surge Tech Stocks - MarketWatch marketwatch/internet (MarketWatch.com - Internet Industry News)
Shares of JDSU (JDSU 22.00, +4.07, +22.70%) , the Milpitas, Calif.-based company formerly known as JDS Uniphase, soared more than 20% to $22.08, rallying after financial results reported late Thursday showed it swinging to a profit on a big jump in sales for the second quarter of fiscal 2011.
“It’s back to a positive bias for JDSU,” RBC Capital analyst Mark Sue said in a note. “The company is pointing to increasing visibility driven by healthy demand for its key products.”
....
Techs advance as JDSU shares surge Tech Stocks - MarketWatch marketwatch/internet (MarketWatch.com - Internet Industry News)