JDSU is one to watch for potential next-day wider movement as the stock has seen more aggressive next-day action following 18 of its last 22 after-hours earnings events, or more than 80% of the time.
The near-term performance favors widening, as the issue has expanded its after-hours move in next-day regular session trade in seven of the last eight quarters.
On April 29, 2009, JDSU shed 12.9% in after-hours action after missing Q3 revenue expectations and setting its Q4 guidance below the Street view. The stock tumbled further the following day, losing 17.2% in the April 30 regular session.
On Feb. 5, 2009, JDSU declined 7% in after-hours trade after missing revenue expectations and setting its guidance below the Street view. It cut its downside slightly the following regular session, closing with a 6.5% decline.
On Oct. 29, 2008, the stock fell 5% after it beat with Q1 earnings but set Q2 revenue view well below the Street's estimate. The loss extended to 8.5% the next day.
On Aug. 20, 2008, the stock dropped 10.2% during evening trading after a Q4 miss and Q1 revenue guidance below the Street view. The loss expanded to 12.4% the next day.
On April 30, 2008, the stock lost 9.8% in evening trading after reporting a Q3 revenue miss and guiding below the Street for Q4. The loss fattened to 16.1% by the closing bell the next day.
On Feb. 5, 2008, the stock jumped 19.6% as JDSU beat with Q2 results. The gain expanded the next day, to 26%.
On Oct. 31, 2007, the stock fell 1.7% in evening trading despite a beat with the latest results; revenue guidance straddled the Street mean. The loss widened to 3.9% the next day.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment