JDS Uniphase (JDSU -3.6%) is lower after receiving a downgrade to Market Perform from Raymond...

|By:, SA News Editor

JDS Uniphase (JDSU -3.6%) is lower after receiving a downgrade to Market Perform from Raymond James: the firm cites valuation, high consensus estimates, and vertical integration efforts among customers. The decline comes even though rival Finisar (FNSR +4%) is rallying in response to its FQ2 results and FQ3 guidance. Oclaro (OCLR) is also down.