Though it beat FQ4 estimates, JDS Uniphase (NASDAQ:JDSU) is guiding for FQ1 revenue of $405M-$425M and EPS of $0.08-$0.12, below a consensus of $440.9M and $0.14.
FQ4 gross margin was 50%, +240 bps Q/Q and +390 bps Y/Y. Opex rose 17% Y/Y to $226M. $160M was spent on buybacks in FY14.
Network service & enablement revenue (test equipment/software) +10.2% Y/Y to $209.1M; optical communications (components/modules) +1.4% to $156.2M; lasers +44.3% to $40.7M; optical security/performance -13.4% to $42.6M. Test equipment and laser sales were respectively boosted by the Trendium and Time-Bandwidth acquisitions.
Finisar (NASDAQ:FNSR) is following JDS lower.
FQ4 results, PR