Bullish Agilent (A) Gives JDS Uniphase (JDSU) Shares a Boost

When Agilent Technologies Inc. (NYSE:A) said they are bullish on their outlook for test-and-measurement market, shares of JDS Uniphase Corp. (JDSU) soared by almost 9 percent, as it's the largest revenue source of the company.

Agilent Chief Executive Officer Bill Sullivan said, “All the evidence suggests that growth that we say in our first quarter is continuing.”

Sales for Agilent climbed 25 percent in the last quarter. They said the market growth continues to hold.

JDS Uniphase develops machinery that tests network equipment to see whether it is working properly.

Agilent closed Friday at $46.75, up $3.93, or 9.18 percent. JDS Uniphase closed at $27.37, gaining $2.23, or 8.87 percent.