JDSU raises guidance: A sign optical is coming back

Posted Jan 19th 2007 7:41AM by Eric Buscemi
Filed under: Earnings Reports, Forecasts, Good news, Cisco Systems (CSCO), Ciena Corp (CIEN)

JDS Uniphase (NASDAQ: JDSU) raised its revenue guidance last night. The company had seen Q2 revenue of $332M-$352M and now sees revenue at $360M-$365M; consensus is for $343.29M.

The company cited strong performance by its communications test and measurement segment, which has been an area of focus for JDSU CEO, Kevin Kennedy, a former top executive at Cisco (NASDAQ: CSCO).

However, JDSU's test and measurement business is focused more on IP and optical traffic than the test and measure tools used in the semiconductor space. Two different businesses.

This is another data point that the optical business continues to improve. Ciena (NASDAQ: CIEN) should also benefit from this news.

Tags: cien, ciena, cisco, csco, guidance, jds uniphase, jdsu, JdsUniphase, kevin kennedy, KevinKennedy, raise, revenue