Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

BMO Nesbitt Cuts JDS Uniphase Estimates


BMO Nesbitt lowered its estimates and price target on JDS Uniphase (JDSU).

Analyst Brian Piccioni says JDS is clearly the leading supplier of photonic components, a market position that he thinks the company will retain for many years. He believes the current chaos in the telecom-equipment market is transient in nature, although aftershocks may last several quarters. Because this industry slowdown is likely transient, he thinks the negative impact on JDS's EPS growth also is short-lived.

Nevertheless, Piccioni thinks that all negative news is not yet out in this sector, and he lowered his $0.74 fiscal 2001 (June) EPS estimate to $0.69, lowered his $0.91 fiscal 2002 estimate to $0.75, and cut his $1.09 fiscal 2003 estimate to $0.89. He also cut the $66 target to $45.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus