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William and others, a little more on JDSU from Briefing.Com,
hopefully not posted already:
JDS Uniphase Corp. (JDSU) 169 3/8 +16 15/16: Nothing but net! That's how one could describe the latest earnings report from this supplier of fiberoptic communications equipment components. JDS Uniphase not only posted fiscal Q1 earnings of $0.29 a share which were four cents above the First Call mean estimate and well above year-ago net of $0.14, but also upped its sales growth estimate for the coming year. If this doesn't spell success, nothing does. Sales for the latest period were 104% above year-ago pro forma combined sales of $113 million and 20% higher than in the prior quarter as the company enjoyed strong growth in its component and module business segments. The very positive news has not been lost on Wall Street as already at least three firms have issued positive comments about the blow-out quarter and the outlook ahead. According to JDSU, the strong demand for fiberoptic communications components is prompting management to raise sales growth estimates for the fiscal year ending in June to 80-90 percent above the fiscal 1999 level of $282.828 million. This means that JDSU expects to record sales of half a billion dollars ($509.09-$537.37 mln) in the current fiscal year. This is exceptional growth made possible by the unrelenting demand from its communications customers, who themselves are experiencing strong demand for broader Internet capacity. At present, sales and earnings could be even better if only JDSU could meet the strong demand for its products. Thus, JDS Uniphase is considering increasing its manufacturing capacity by two-to-three times its current rate in order to meet growing product demand. Not a bad problem to have, but execution is the key and management deserves much of the credit as JDSU has managed to grow its business even when dealing with merger related issues. For many, biting off more than they can chew has proven to be a problem. So far, JDSU management is showing that they can walk and chew at the same time. - RN
I'm late to the party, yet I should stay long as the future
looks incredible.
Regards,
Marty |
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