JDSU Buyback
OLI recorded this information on 5/27/2014
Company:
JDSU
Buyback:
JDSU buyback
$Amount Authorized:
$100,000,000
Buyback Details:
JDSU announced that its Board of Directors has authorized a program to repurchase up to $100 million of the Company's common stock through open market or private transactions between now and June 27, 2015, the end of the Company's fiscal year 2015. JDSU had $926.2 million in total cash as of March 29, 2014 and generated $58.3 million in free cash flow during the first nine months of fiscal year 2014. The timing of repurchases and the number of shares repurchased will depend upon business and financial market conditions.
JDS Uniphase is a provider of network and service enablement solutions and optical products for telecommunications service providers, wireless operators, cable operators, network-equipment manufacturers and enterprises. Co. is also engaged in providing anti-counterfeiting technologies for currencies and other documents and products. In addition, Co. delivers commercial lasers for manufacturing applications. To serve its markets, Co. operates the following business segments: Network and Service Enablement, Communications and Commercial Optical Products, and Optical Security and Performance Products.
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Buy (2.93 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data; powered by Xignite |