Stocks in Focus: JDS Uniphase, Rite Aid, VMware, MEMC Electronic Materials

Lakeway, TX -- (SBWIRE) -- 03/14/2013 -- Bestdamnpennystocks, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-

JDS Uniphase Corp (NASDAQ:JDSU) went up 1.13% to $15.22 on a traded volume of 1.40 million shares. Zacks recommendation neutral on JDS Uniphase Corp based on the company’s high level of current valuation and the cyclical nature of the optical control industry. JDS Uniphase Corporation is a provider of communications test and measurement solutions and optical products for telecommunications service providers, wireless operators, cable operators, and network equipment manufacturers.

How Should Investors Trade JDSU After The Recent Movement? Find Out Here

Rite Aid Corporation (NYSE:RAD) moved up 4.57% to $1.83 on a traded volume of 6.92 million shares. Recently, the Company announced sales result for February. The same store sales decreased 3.6% over the prior-year period. February front-end same store sales decreased 1.3% while February front-end same store sales attributable to flu-related over-the-counter products were flat. Pharmacy same store sales decreased 4.7%. Total drugstore sales for the five-week period decreased 3.7% to $2.457 billion compared to $2.551 billion for the same period last year.

Is RAD Strong Buy After The Recent Strong Gains? Get Free Trend Analysis Here

VMware, Inc. (NYSE:VMW) jumped up 3.04% to $83.84 on a traded volume of 1.64 million shares. The company announced that its annual revenue growth could be as high as 20% by 2016. The company also announced along with EMC Corp. that they are planning to create a new company called Pivotal, which would be 69% owned by EMC and 31% owned by VMware.

Is VMW a Buying Opportunity After The Recent Plunge? Don’t Miss Out Our Latest Report Here

MEMC Electronic Materials, Inc. (NYSE:WFR) went up 2.02% to $4.80 on a traded volume of 2.03 million shares. The company said that revenue from its semiconductor business, which makes wafers used in semiconductor devices, is expected to be in the range of $228 million to $235 million compared with $228.5 million in the fourth quarter. The Company expects Capex between $30 million and $40 million for the first quarter of 2013 and between $120 million and $140 million for the full year 2013.

The Company announced the formation of SunEdison Capital, a new division within its SunEdison subsidiary and has appointed Carlos Domenech to the newly created position of President.

How Should Investors Trade WFR After The Latest Earnings Report? Find Out Here

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