& cplSiteName &

JDSU's Not Down

Craig Matsumoto

5:45 PM -- JDSU (Nasdaq: JDSU; Toronto: JDU) shares appear to be up slightly after-hours -- up 8 cents (1.3%) at $6.08 -- even though the company's second-quarter forecast looks slim.

In fact, the book-to-bill ratio was less than 1.0 for every product segment, CEO Kevin Kennedy is saying on the earnings call, going on now. Which means revenues might be poised to drop across the board.

That's not good in any event, but it's especially disappointing going into the December quarter. Customers usually give the test-and-measurement sector a boost late in the year as they try to use up their budgets.

Ain't happening this time, apparently. JDSU says second-quarter revenues will be $360 million to $390 million, compared with the $417 million analysts were expecting, according to Reuters Research .

In the here-and-now: pro forma earnings for JDSU's first quarter, which ended in September, were 11 cents, beating the Reuters estimate by 2 cents. Revenues of $386.7 million met the shrunken forecast JDSU gave a few months ago. (See JDSU's Down and Doink! JDSU Hits Capacity Ceiling.)

— Craig Matsumoto, West Coast Editor, Light Reading

(1)  | 
Comment  | 
Print  | 
Related Stories
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Pete Baldwin
Pete Baldwin
12/5/2012 | 3:28:31 PM
re: JDSU's Not Down
Okaaaay.... book to bill? NOT the big news.

More Blogs from Craig's A-List
If there isn't a master plan behind Google's creation of Kubernetes, maybe there ought to be.
Already replaced as CEO, John Chambers is fully detaching as he plans to step down as Cisco chairman, truly ending his time as the face and voice of the company.
The network must be automated. And Light Reading must write about it.
Comcast joins Google in asking for a flexible-rate optical standard, rather than 400G or terabit, but that's easier said than done
Cisco, Juniper and other more traditional Interop speakers might get overshadowed by the forces of virtualization
Featured Video
Upcoming Live Events
March 16-18, 2020, Embassy Suites, Denver, Colorado
May 18-20, 2020, Irving Convention Center, Dallas, TX
All Upcoming Live Events