JDS Uniphase (JDSU) (QCOR) (SAP) (SD) (HNRG) (IGTE) Get New Coverage

JDS Uniphase Co. (NASDAQ: JDSU), Questcor Pharmaceuticals, Inc. (NASDAQ: QCOR), SAP Aktiengesellschaft (NYSE: SAP), SandRidge Energy Inc. (NYSE: SD), Hallador Energy (NASDAQ: HNRG) and iGATE Co. (NASDAQ: IGTE) getting new coverage from analysts.

UBS AG (NYSE:UBS) initiated coverage on JDS Uniphase Co. (JDSU). They placed a “Buy” rating on the company.

WJB Capital initiated coverage on Questcor Pharmaceuticals, Inc. (QCOR). They placed a “Buy” rating on the company.

ThinkEquity initiated coverage on SAP Aktiengesellschaft (SAP). They placed a “Buy” rating on the company.

Deutsche Bank (NYSE:DB) initiated coverage on SandRidge Energy Inc. (SD). They placed a “Hold” rating and a price target of $9.00 on the company.

BB&T (NYSE:BBT) initiated coverage on Hallador Energy (HNRG). They placed a “Buy” rating and a price target of $12.00 on the company.

RBC Capital initiated coverage on iGATE Co. (IGTE). They placed an “Outperform” rating on the company.

LDK Solar (LDK) (JDSU) (JNPR) (LCAPA) Price Targets Changed

LDK Solar (NYSE: LDK), JDS Uniphase Co. (NASDAQ: JDSU), Juniper Networks (NASDAQ: JNPR) and Liberty Media Capital (NASDAQ: LCAPA) had price targets adjusted by analysts.

LDK Solar (LDK) had its price target lowered by Kaufman Brothers from $6.00 to $5.00. They have a “Hold” rating on the company.

JDS Uniphase Co. (JDSU) had its price target raised by RBC Capital from $16.00 to $18.00. They have an “Outperform” rating on the company.

Juniper Networks (JNPR) had its price target lowered by UBS AG (UBS) from $31.00 to $24.00. They have a “Neutral” rating on the company.

Liberty Media Capital (LCAPA) had its price target lowered by Wunderlich from $95.00 to $84.00. They have a “Buy” rating on the company.

Parkway (PKY) (GM) (IRF) (JDSU) (PBR) (LEA) (NWL) Price Targets Changed

Parkway Properties (NYSE: PKY), General Motors (NYSE: GM), International Rectifier (NYSE: IRF), JDS Uniphase Co. (NASDAQ: JDSU), Petroleo Brasileiro SA (NYSE: PBR), Lear Co. (NYSE: LEA) and Newell Rubbermaid (NYSE: NWL) price targets adjusted by analysts.

Parkway Properties (PKY) had its price target lowered by Robert W. Baird from $19.00 to $16.00. They have a “Neutral” rating on the company.

General Motors (GM) had its price target lowered by Barclays Capital from $40.00 to $38.00. They have an “Overweight” rating on the company.

International Rectifier (IRF) had its price target lowered by FBR Capital from $34.00 to $31.00. They have an “Outperform” rating on the company.

JDS Uniphase Co. (JDSU) had its price target lowered by Stifel Nicolaus from $28.00 to $23.00. They have a “Buy” rating on the company.

Petroleo Brasileiro SA (PBR) had its price target lowered by Barclays Capital from $53.00 to $43.00. They have an “Overweight” rating on the company.

Lear Co. (LEA) had its price target lowered by Barclays Capital from $67.00 to $64.00. They have an “Overweight” rating on the company.

Newell Rubbermaid (NWL) had its price target lowered by Citigroup (NYSE:C) to $18.00. They have a “Buy” rating on the company.

Staples (SPLS) (PG) (JDSU) (IBM) (ANF) EPS Estimates Changed

Procter & Gamble (NYSE: PG), Staples, Inc. (NASDAQ: SPLS), JDS Uniphase Co. (NASDAQ: JDSU), IBM (NYSE: IBM) and Abercrombie & Fitch (NYSE: ANF) have EPS estimates adjusted by analysts.

Jefferies (NYSE:JEF) lowered its EPS estimates on Procter & Gamble (PG). They have a “Hold” rating and a price target of $69.00 on the company.

Jefferies boosted its EPS estimates on Staples, Inc. (SPLS). They have a “Hold” rating and a price target of $14.00 on the company.

Citigroup (NYSE:C) cut its EPS estimates on JDS Uniphase Co. (JDSU). They have a “Buy” rating and a price target of $14.50 on the company.

Credit Suisse (NYSE:CS) slashed its EPS estimates on IBM (IBM). They have a “Neutral” rating and a price target of $175.00 on the company.

Goldman Sachs (NYSE:GS) raised its EPS estimates on Abercrombie & Fitch (ANF). They have a “Buy” rating and a price target of $90.00 on the company.

QUALCOMM (QCOM) (JDSU) (MAR) (VRX) (HANS) EPS Estimates Changed

QUALCOMM, Inc. (NASDAQ: QCOM), JDS Uniphase Co. (NASDAQ: JDSU), Marriott (NYSE: MAR), Valeant Pharmaceuticals (NYSE: VRX) and Hansen Natural Co. (NASDAQ: HANS) EPS estimates changed by analysts.

Hansen Natural (HANS) had its EPS estimate boosted by Goldman Sachs (NYSE:GS). They have a “neutral” rating and a price target of $75.00 on the company.

JDS Uniphase Co. (JDSU) had its EPS estimate cut by Credit Suisse (NYSE:CS). The analysts now have a “neutral” rating and a $15.50 price target on the company.

Marriott (MAR) had its EPS estimate cut by Morgan Stanley (NYSE:MS). They have an “equal weight” rating and a price target of $38.00 on the company.

QUALCOMM, Inc. (QCOM) had its EPS estimate raised by UBS AG (NYSE:UBS). They have a “buy” rating and a price target of $70.00 on the company.

Valeant Pharmaceuticals (VRX) had its EPS estimate raised by analysts at UBS AG. They have a “buy” rating and a price target of $63.00 on the company.

Apple (AAPL) (AEO) (CI) (JDSU) (MS) Have Price Targets Adjusted by Analysts

Apple, Inc (NASDAQ: AAPL), American Eagle (NYSE: AEO), CIGNA Co. (NYSE: CI), JDS Uniphase Co. (NASDAQ: JDSU) and Morgan Stanley (NYSE: MS) have price targets changed by analysts.

Canaccord Genuity raised their price target on Apple, Inc (AAPL) from $485.00 to $500.00. They have a “buy” rating on the company.

Piper Jaffray (NYSE:PJC) cut their price target on American Eagle (AEO) to $14.00.

Jefferies (NYSE:JEF) raised their price target on CIGNA Co. (CI) to $64.00. They have a “buy” rating on the company.

Piper Jaffray cut their price target on JDS Uniphase Co. (JDSU) to $21.00. They have an “overweight” rating on the company.

Ticonderoga cut their price target on Morgan Stanley (MS) from $31.00 to $26.00. They have a “buy” rating on the company.

Apple closed Friday at $359.71, gaining $2.51, or 0.70 percent. American Eagle Outfitters closed at $13.88, falling $0.07, or 0.50 percent. CIGNA closed at $51.85, dropping $0.01, or 0.02 percent. JDS Uniphase closed at $15.94, down $0.76, or 4.55 percent. Morgan Stanley ended the day at $22.30, losing $0.70, or 3.04 percent.

Ratings on (G) (JDSU) (KNDL) (MAC) (MFC) Upgraded

Ratings on Genpact Limited (NYSE: G), JDS Uniphase Co. (NASDAQ: JDSU), Kendle International (NASDAQ: KNDL), The Macerich Company (NYSE: MAC) and Manulife Financial (NYSE: MFC) were upgraded by analysts today.

BGB Securities upgraded Genpact Limited (G) from a “sell” rating to a “hold” rating. They have a price target of $16.00 on the company, up from $11.00.

Argus upgraded JDS Uniphase Co. (JDSU) from a “hold” rating to a “buy” rating. They have a price target of $27.00 on the company.

Goldman Sachs (NYSE:GS) upgraded Kendle International (KNDL) from a “sell” rating to a “neutral” rating.

Keefe, Bruyette & Woods, Inc upgraded The Macerich Company (MAC) from a “market perform” rating to an “outperform” rating. They have a price target of $58.00 on the company.

RBC Capital upgraded Manulife Financial (MFC) from a “sector perform” rating to an “outperform” rating. They have a price target of $19.00 on the company.

Price Targets on (HCA) (HCC) (JDSU) (GRMN) (EXPD) Updated by Analysts

Price targets on HCA Holdings Inc (NYSE: HCA), HCC Insurance Holdings, Inc. (NYSE: HCC), JDS Uniphase Co. (NASDAQ: JDSU), Garmin Ltd. (NASDAQ: GRMN) and Expeditors International (NASDAQ: EXPD) were updated by analysts.

RBC Capital raised their price target on HCA Holdings Inc (HCA) from $38.00 to $40.00. They have an “outperform” rating on the company.

Wunderlich raised their price target on HCC Insurance Holdings, Inc. (HCC) from $34.00 to $37.00. They have a “buy” rating on the company.

Credit Suisse (NYSE:CS) cut their price target on JDS Uniphase Co. (JDSU) to $21.00. They have a “neutral” rating on the company.

RBC Capital raised their price target on Garmin Ltd. (GRMN) from $33.00 to $35.00. They have a “sector perform” rating on the company.

RBC Capital raised their price target on Expeditors International (EXPD) from $53.00 to $55.00. They have a “sector perform” rating on the company.

Coverage on (DNDN) (DTLK) (EXEL) (HSNI) (JDSU) and (MERC) Initiated

Coverage on Dendreon Co. (NASDAQ: DNDN), Datalink Corporation (NASDAQ: DTLK), Exelixis, Inc. (NASDAQ: EXEL), HSN, Inc. (NASDAQ: HSNI), JDS Uniphase Co. (NASDAQ: JDSU) and Mercer International Inc. (NASDAQ: MERC) initiated by analysts.

Credit Suisse (NYSE:CS) initiated coverage on Dendreon Co. (DNDN). They placed an “underperform” rating on the company.

Canaccord Genuity initiated coverage on Datalink Corporation (DTLK). They placed a “buy” rating and a price target of $10.00 on the company.

Goldman Sachs (NYSE:GS) initiated coverage on Exelixis, Inc. (EXEL). They placed a “neutral” rating and a price target of $13.00 on the company.

Piper Jaffray (NYSE:PJF) initiated coverage on HSN, Inc. (HSNI). They placed an “overweight” rating and a price target of $45.00 on the company.

Pacific Crest initiated coverage on JDS Uniphase Co. (JDSU). They placed an “outperform” rating on the company.

Canaccord Genuity initiated coverage on Mercer International Inc. (MERC). They placed a “buy” rating on the company.

JDS Uniphase (JDSU) Getting Crushed in New Quarter

JDS Uniphase (NASDAQ:JDSU) has a stellar first quarter, soaring 44 percent during that time, but that was then and this is now, and in the first day of the second quarter the share price is getting crunched after the company announced again there will be a delay in anticipated networking upgrade spending.

Shares plummeted over 8 percent on the news for most of the trading day.

Stifel Nicolaus noted, “we would see any weakness in the stock as an opportunity for long-term investors to build positions.”

That was after Stifel lowered their fully year 2011 earnings estimate on the company, while raising its full year 2012 EPS.

The company said they believe the sector will “gather momentum over the next several quarters.”

JDS was trading at $19.22, falling $1.62, or 7.77 percent, as of 1:34 PM EDT. Stifel Nicolaus reiterated its "Buy" rating on JDS.

Techs Jabil (JBL) ( AOL) (DELL) (HPQ) (JDSU) Jump on Otherwise Down Day

Shares of technology stocks Jabil (NYSE:JBL), AOL Inc. (NYSE:AOL), Dell Inc. (NASDAQ:DELL), Hewlett-Packard Co. (NYSE:HPQ) and JDS Uniphase Corp. (NASDAQ:JDSU) are all trading up today, even though the overall sector has been under pressure.

Jabil (JBL) soared over 11% after the electronics contract manufacturer gave an upbeat second-quarter report and third-quarter forecast.

AOL Inc. (AOL) climbed 3.3% after UBS (NYSE:UBS) analyst Bryan Pitz raised his rating on the stock to buy from neutral.

Other gains came from Dell Inc. (DELL), Hewlett-Packard Co. (HPQ) and JDS Uniphase Corp. (JDSU).

However, the Nasdaq Composite Index (COMP) fell 18 points to 2,665, and the Philadelphia Semiconductor Index (SOX) was also in the red.

Much of the performance was blamed on negative broad-market reaction to the rising price of oil, which reached the $105-a-barrel range, and a big decline in U.S. new-home sales in February.




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Opticals (JDSU) (FNSR) (OPXT) Correction Will Continue

Finisar (NASDAQ:FNSR), JDS Uniphase (NASDAQ:JDSU) and Opnext (NASDAQ:OPXT), among other optical companies will continue to experience a correction at minimum until the end of summer, according to Stifel Nicolaus analyst Ajit Pai.

Pai said that “the inventory correction and slowdown for the optical communications industry is likely to last at least until the end of the summer.”

While the Japan disaster won't won't affect demand in the industry, it will have an effect on making the slowdown worse because of increased uncertainty in general, added Pai, citing “rising inflation in emerging markets” and “uncertainty regarding upgrade/deployment plans at developed world tier one carriers.”

Pai estimates EPS for Finisar of $1.54 in the fiscal year ending in April, down 2 cents from his prior estimate, and $1.70 for 2012, down 8 cents. His price target on the company was lowered from $39 to $34.

For JDSU’s fiscal year ending in June 2011, Pai sees the company making 95 cents a share in 2011, down from 99 cents before, and $1.20 for 2012.

He maintains a "Buy" on Finisar and JDSU,, saying the long-term these remains in place for both of them.

JDS Uniphase closed Friday at $18.93, dropping $1.23, or 6.10 percent. Opnext closed at $2.25, down $0.16, or 6.64 percent. Finisar closed at $21.14, falling $0.70, or 3.21 percent.

Citigroup (C) Says Buy JDS Uniphase (JDSU)

After taking a beating last week, performing among the worst of the stocks listed on the S&P 500, JDS Uniphase (NASDAQ:JDSU) is slowly moving back into favor, getting an upgrade from Evercore recently, and today getting a boost from Citigroup (NYSE:C), which says it's time to buy the company.

Citigroup analyst Kevin Dennean wrote in a note, “Following a nearly 25% pullback in JDSU shares post-Analyst Day, we upgrade shares back to Buy as we believe the company’s positioning, management execution and market opportunity remain sound, while valuation is much less demanding.”

The giant bank also moved the company from “hold/high risk" to “buy/high risk," along with its "Buy" rating. Last week Evercore increased its rating on JDS Uniphase to "Overweight."

JDS Uniphase was trading at $21.59, up $0.33, or 1.55 percent, as of 2:33 PM EDT.

Finisar (FNSR), Ciena (CIEN), JDS Uniphase (JDSU), Oclaro (OCLR) Crunched Wednesday on Low Guidance

With the optical sector being extremely volatile, when one company announces something important, the rest usually will rise or fall on that news, as Ciena (NASDAQ:CIEN), JDS Uniphase (NASDAQ:JDSU) and Oclaro (NASDAQ:OCLR) did when Finisar (NASDAQ:FNSR) lowered their guidance recently.

Optical-networking companies got hit hard Wednesday, with Finisar Corp. (FNSR) leading the disaster. Finisar’s shares closed with a loss of $15.43,or 38.5%, at $24.61 in the heels of the company’s weaker-than-expected fourth-quarter forecast.

Finisar said it expects to earn 31 cents to 35 cents a share on revenue of $235 million to $250 million. Analysts surveyed by Thomson Reuters had forecast a profit of 48 cents a share on $268.6 million in sales for that quarter.

Oclaro closed Wednesday at $13.53, losing $3.09, or 18.59 percent. Ciena closed at $24.33, down $1.35, or 5.27 percent. JDS Uniphase closed at $21.14, plunging $4.24, or 16.71 percent. Finisar ended the session at $24.61, down $15.43, or 38.54 percent.

Blood in the Streets for (JDSU) (OCLR) (OPLK) (CIEN) (INFN) After Finisar (FNSR) Earnings Warning

Shares of JDS Uniphase Corporation (Nasdaq:JDSU), Oclaro, Inc. (Nasdaq:OCLR), Oplink Communications Inc. (Nasdaq:OPLK), CIENA Corp. (Nasdaq:CIEN) and Infinera Corp. (Nasdaq:INFN) are getting crushed today on the weak earnings guidance of Finisar Corp. (Nasdaq:FNSR).

While the third quarter results of Finisar were in line with expectations, its fourth quarter earnings guidance of $0.31-$0.35 was so far below analyst estimates of $0.48 a share that it spoke of probably sector problems.

Finisar said, "the Company will be impacted by the full three months of the annual price negotiations with telecom customers that typically take effect on January 1, the 10-day long shutdown at certain customers for Chinese New Year in February, the adjustment of inventory levels at some telecom customers, particularly for products which had previously been on allocation and long lead times, including WSS and ROADM line cards, and a slowdown in business in China overall."

JDS Uniphase Corporation was trading at $22.31, falling $3.07, or 12.10 percent, as of 11:48 AM EST. Oclaro was at $13.86, dropping $2.76, or 16.61 percent. Infinera Corp. was at $8.15, down $0.20, or 2.40 percent, recovering some from earlier in the session. CIENA Corp. was trading at $24.75, losing $0.93, or 3.63 percent. Oplink Communications Inc. was down to $21.79, plunging $3.83, or 14.95 percent. Finisar was getting crushed at $25.67, down $14.37, or 35.89 percent.

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.

Ciena (NASDAQ:CIEN) Reaches Another High Today

Now that Ciena (NASDAQ:CIEN) has reached another high today, it could be time for investors to re-access their strategy with the company, as it's been moving up fast; too fast.

On Friday the provider of equipment which helps Internet congestion relief, jumped 15 percent, and today again moved to a 52-week high, although it has pulled back some in mid-day trading.

In the last couple of months the share price has doubled, also making it better to tighten things up as the stock could be ready for a healthy correction.

The recent surge in share price for Ciena came in response to JDS Uniphase Corporation (Nasdaq:JDSU) big quarter. That's important because JDSU provides companies like Ciena the components used to battle Web congestion. If they're seeing strong growth in demand, the assumption is that's because companies like Ciena are also seeing strong growth in demand.

With growing pressure on the Internet, Ciena should be a good long-term play, but with its recent run-up in share price, it may be time to take a breather and wait for dips.

Ciena was trading at $26.92, up $0.02, or 0.07 percent, as of 1:05 PM EST.

JDSU (NASDAQ:JDSU) Shares Explode As They Blast Past Earnings Expectations

JDS Uniphase (NASDAQ:JDSU) turned things around in their latest quarter, surging to a profit after a big loss in the same quarter last year, as they handily beat analysts' expectations.

Investors rewarded the company, pushing up the share price by over 22 percent in mid-day trading, at point reaching over 24 percent.

Part of the big turnaround is the huge success of Microsoft's (NASDAQ:MSFT) Kinect device, which exploded in sales for the software giant, and of which JDSU supplies two of the components for.

With Microsoft sure to enhance and expand Kinect, JDSU is positioned to ride the Kinect success going forward.

Also of note was the demand for JDSU testing products in relationship to the burgeoning traffic on the Internet, as telecommunications companies grow their networks.

Net income for the second fiscal quarter reached $23.6 million, or 10 cents a share, up from the loss of $19.5 million, or 9 cents a share, in the same quarter last year. Revenue came in at $473.5 million, a big gain over the $342.9 million in revenue generated last year.

After adjustments, income was 29 cents a share, far above the 19 cents a share analysts had estimated. Analysts were looking for revenue to reach $438.4 million for the quarter.

Guidance for the current quarter from JDSU was for revenue to come in at a range of $400 million to $460 million.

JDS Uniphase was trading at $22.00, gaining $4.07, or 22.70 percent, as of 12:23 PM EST.

Nvidia (Nasdaq:NVDA), ARM (Nasdaq:ARMH), Marvell (Nasdaq:MRVL), JDS Uniphase (Nasdaq:JDSU), Dell (Nasdaq:DELL), Ciena (Nasdaq:CIEN), Microsoft (Nasdaq:MSFT) All Up on CES Boost

The Consumer Electronics Show has given tech stocks like Nvidia (Nasdaq:NVDA), ARM (Nasdaq:ARMH), Marvell (Nasdaq:MRVL), JDS Uniphase (Nasdaq:JDSU), Dell (Nasdaq:DELL), Ciena (Nasdaq:CIEN) and Microsoft (Nasdaq:MSFT) a nice boost, as the overall sector rose on the excitement generated from the show.

As far as some of the substance, one of those creating a lot of buzz was the announcement that Nvidia Corp. would be partnering with ARM Holdings to develop central processors for PCs, a direct challenge to Intel Corp. (Nasdaq:INTC). While it's not a short-term play, it did generate a lot of talk.

One of the huge products of the Christmas season was Microsoft's Kinect, which CEO Steve Ballmer said in a keynote address that the company had sold about 8 million units since November. Ballmer also revealed plans to expand Windows operating system platform reach.

Ciena closed Thursday at $23.99, gaining $1.06, or 4.62 percent. Dell closed at $14.26, up $0.39, or 2.81 percent. JDS Uniphase ended the session at $16.04, increasing $1.01, or 6.72 percent. Marvell closed the day at $19.56, up $1.00, or 5.39 percent. ARM closed at $21.78 down $0.10, or 0.46 percent, plunging after opening high. Nvidia soared to $19.33, gaining $2.35, or 13.84 percent. Microsoft closed at $28.82, up $0.82, or 2.93 percent.