At $11/shr, JDSU shares are cheap -Barron’s

NEW YORK, Nov 7 (BestGrowthStock) – JDS Uniphase Corp (JDU.TO: )
(JDSU.O: ) shares are a bargain after a recent sell-off,
according to Barron’s.

The company has cut payroll and outsourced most of its
manufacturing and is poised to benefit from the hunger for
high-speed Internet access, which means demand for the
optical-networking components and testing equipment it makes,
Barron’s said.

The shares are down 13 percent after rival Infinera
(INFN.O: ) gave cautious forth-quarter outlook, but JDSU said it
is not seeing that weakness, Barron’s said.

Backing out its $620 million in cash, its shares are
trading at barely more than one times expected June 2011
revenue, which makes them a steal, according to Barron’s.

At $11/shr, JDSU shares are cheap -Barron’s