JDS Uniphase Canada Ltd JDUCF

some news

[west12]

JDS Uniphase to report tomorrow Angela Barnes 00:00 EST Tuesday, January 31, 2006 Investors will be watching with interest to see how JDS Uniphase Corp. (JDSU-Nasdaq) fared in the second quarter when the fibre optics components provider releases its figures after market close tomorrow. Daryl Armstrong, who follows the San Jose, Calif.-based company for Citigroup Global Markets Inc., is expecting a "solid" quarter, but thinks that the stock, which has soared recently, could pull back if the numbers are in line with expectations. The shares, which closed yesterday at $3.12 (U.S.), ended 2005 at $2.36. Last September, they were trading at about $1.50 to $1.60. Mr. Armstrong recommends purchase on any potential near-term weakness. He rates JDS a "buy-high risk," but stresses that that is not a call on the latest quarter, but rather on JDS's nine- to 12-month outlook. JDS is "a financial re-engineering story with operating leverage likely to drive higher earnings" in the second half of fiscal 2006 and in 2007, Mr. Armstrong said in a report yesterday. He raised his already above-consensus profit estimates and his 12-month target price to $4.25 a share from $2.85. On the Toronto Stock Exchange, JDS closed at $3.59 (Canadian).