JDS Uniphase Corp. (NASDAQ:JDSU) on 2 June announced that they would be engaging in a $100 million share buyback program. This move has been prompted by the steady decline of the share value at the courses. JDS Uniphase Corp (NASDAQ:JDSU) net profit margin is 5.80% and weekly performance is 4.82%. On last trading day company shares ended up $11.53. Analysts mean target price for the company is $14.36. JDS Uniphase Corp (NASDAQ:JDSU) distance from 50-day simple moving average (SMA50) is -3.72%.
Ciena Corp. (NYSE:CIEN) on 10 June introduced its 8700 Packetwave platform, which integrates 100 Gigabit Ethernet and MPLS-TP packet switching with 100G coherent optics and photonics technologies. The platform also can be used with Ciena’s V-WAN software for on-demand cloud service connectivity. Ciena Corporation (NYSE:CIEN) shares fell -1.03% in last trading session and ended the day on $22.19. CIEN gross Margin is 41.40% and its return on assets is -3.10%.Ciena Corporation (NYSE:CIEN) quarterly performance is -5.13%.
On 5 June Polycom Inc. (NASDAQ:PLCM) has found a replacement for Mike Conlon, who served as global channel chief for just 10 months before leaving the company. Mark Arman now steps in as vice president of worldwide channel sales at the equipment and software vendor. Polycom Inc. (NASDAQ:PLCM) shares moved down -0.87% in last trading session and was closed at $13.03, while trading in range of $12.95 – $13.24. Polycom Inc. (NASDAQ:PLCM) year to date (YTD) performance is 16.03%.
Finisar Corporation (NASDAQ:FNSR) issued an update on its first quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.30-0.34 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.41, AmericanBankingNews.com reports. The company issued revenue guidance of $320-335 million, compared to the consensus revenue estimate of $313.41 million. Finisar Corporation (NASDAQ:FNSR) ended the last trading day at $25.25. Company weekly volatility is calculated as 2.04% and price to cash ratio as 4.40.Finisar Corporation (NASDAQ:FNSR) showed a positive weekly performance of 1.61%.
Shares of SunPower Corporation (NASDAQ:SPWR) are up 2.36% on Thursday after the company announced on Wednesday it closed $400 million in debt, selling $250 million of the convertible debentures to Total Energies Nouvelles Activities USA, a subsidiary of Total S.A. (TOT), Bloomberg reported. SunPower Corporation (NASDAQ:SPWR) net profit margin is 8.40% and weekly performance is 1.78%. On last trading day company shares ended up $34.83. Analysts mean target price for the company is $37.32. SunPower Corporation (NASDAQ:SPWR) distance from 50-day simple moving average (SMA50) is 9.28%.