Finisar Bad News Crunching Ciena, JDSU, Other Networking Stocks

Print This!

 Finisar Bad News Crunching Ciena, JDSU, Other Networking Stocks

OB MY185 junipe E 20110309110700 Finisar Bad News Crunching Ciena, JDSU, Other Networking Stocks
Bloomberg
Rough day for Juniper and friends.

Finisar’s weaker-than-expected forecast is creating some mighty nasty waves in the previously scorching hot optical networking sector and rippling out to singe bigger networking stocks, too.

As Matt wrote earlier, Finisar’s bad news is slamming high-flyer JDS Uniphase. Finisar is down a whopping 35% on heavy volume while JDSU (Just Do Sell Us?) is skidding more than 12%. Finisar is now down about 13% year-to-date while JDSU is still boasting a 52% gain since the start of the year.

Radiating outward, the carnage is nasty for Oclaro and Oplink Communications. Oclaro is down about 17%, though still up about 5% this year. Oplink is sliding more than 16% and is still up about 16% year-to-date.

Pages: Next

Be kind & share...Share on Facebook0Tweet about this on Twitter0Share on LinkedIn0Pin on Pinterest0Share on Google+0Digg this
.

Disclaimer: The content included herein is for educational and informational purposes only, and readers agree to Wall Street Sector Selector's Disclaimer, Terms of Use, and Privacy Policy before accessing or using this or any other publication by Wall Street Sector Selector or Ridgeline Media Group, LLC.

Go to Wall Street Sector Selector Home or Check our Special Wall Street News Section

Visit Us On TwitterVisit Us On FacebookVisit Us On YoutubeVisit Us On Linkedin
Make sure you create your redirects.txt file and that it's readable by the redirect script.