Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


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.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Roth Capital Downgrades JDS Uniphase

Roth Capital downgrades JDS Uniphase (JDSU) to neutral from buy.

Analyst Dave Kang says first-quarter sales were up 11.5% sequentially, and 32% year-over-year. He says the 1-cent, non-GAAP loss, compares to the 1-cent loss consensus. He notes gross margins declined to 22.7% from the fourth-quarter's 23.9%, due to stronger-than-expected communications sales. Operating expenses increased to $60.5 million, or 31.1% of sales, compared to 33.2% in the fourth-quarter of fiscal 2004.

Kang says JDS Uniphase expects second-quarter sales to be flat to down by 8% sequentially. He widens the 1-cent fiscal 2005 (June) loss estimate to a 2-cent loss, and cuts 5 cents fiscal 2006 earnings-per-share estimate to 4 cents. On reduced estimates, he cuts the $4.40 target to $3.60 and downgrades the stock.

blog comments powered by Disqus