JDS Uniphase shares fell 0.85 percent to $11.62 yesterday. The company reported earnings recently, beating on both the top and bottom lines despite challenging economic conditions. The valuation of forward earnings is fair and management has been navigating in a tough environment.
CEO Tom Waechter is also scheduled to make a presentation at the 2012 Citi Global Technology Conference on Wednesday, Sept. 5.
Calls outpaced puts (learn more) in the stock by about 12,000 to 1,900 yesterday. Total volume was 4 times greater than average.
—By CNBC Contributor Pete Najarian
Additional News: JDS Uniphase Posts Quarterly Loss on Impairment Charge
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Pete Najarian is a professional investor, CNBC contributor, regular co-host of CNBC’s “Fast Money” and co-founder of OptionMonster.com. Najarian owns JDSU calls.