JDS Uniphase Hit By Profit Taking (JDSU)

JDS Uniphase JDSU has been hit by profit taking during Tuesday's trading session. The shares have lost nearly 8% to $25.70, but the good news for JDSU shareholders is that there are some very hefty profits to be taken. Those that still have a long position in the stock probably aren't too disheartened either, given the massive run in the name. Year-to-date, JDSU is up over 77%, which is quite frankly, unbelievable. Over the last 52-weeks, the stock has climbed 178%. Despite the tremendous move in the shares, valuation is still not unreasonable. JDSU trades at a forward P/E of 23 and a PEG ratio of around 1.4. JDS Uniphase Corporation (JDSU) is a provider of communications test and measurement solutions and optical products for telecommunications service providers, wireless operators, cable operators, and network equipment manufacturers.