Is It Time To Dump These Slumping NASDAQ Stocks? JDS Uniphase Corp(NASDAQ:JDSU) and Capstone Turbine Corporation(NASDAQ:CPST)
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JDS Uniphase Corp(NASDSAQ:JDSU) suffered an 8.48% decrease in value during yesterday’s trading as the stock lost $1.01 to finish the day at a closing price of $10.90. The stock, which traded within a range of $10.62 to $11.37 during the day, remains $0.61 above its 52 week low of $10.29. The California-based communications test and measurement solutions company saw its activity as the stock reaching a trading volume of 20,851,458.
After the markets closed on Aug. 12th, JDS Uniphase reported its fourth quarter financial results for fiscal year 2014. While JDS Uniphase reported a quarterly net revenue of $448.6 million, the company lowered its guidance for the first quarter of the 2015 fiscal year. As a result, the company saw its value decrease substantially during yesterday’s trading.
Capstone Turbine Corporation(NASDAQ:CPST) lost seven cents during yesterday’s trading, a 5.88% decrease in value that moved the stock to a closing price of $1.12. The stock, which has a market capitalization of $369.28 million, remains five cents above its 52 week low of $1.07 and $1.48 below its 52 week high of $2.60. The California-based microturbine technology solutions company reported its first quarter fiscal year 2015 results on Aug. 7th.
On Aug. 12th, Capstone announced that it had received an order to power a resort in the U.S. Virgin Islands. Secured by Energy Systems of the Carribean, Capstone will provide a one megawatt C1000 which will, according to the press release, “provide a clean and green” while also lowering the operating costs of the resort. The announcement has not resulted in a substantial improvement.
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I have alerted companies that rallied 100% or even 6,000% (not even joking) in under a week. Likewise, I have alerted companies that tanked 10, 20, sometimes even as much as 30 or 40%. However overall it is about the net result that delivers profits into your portfolio.
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