Orlando, FL -- (SBWIRE) -- 09/09/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On JDS Uniphase Corp(NASDAQ:JDSU), Walter Energy, Inc. (NYSE:WLT).
JDS Uniphase Corp(NASDAQ:JDSU) shares gained 3.19% to $14.40. The company on August 15 announced that it has priced $575 million aggregate principal amount of its 0.625% Senior Convertible Debentures due 2033 (the "notes") in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. JDSU has granted the initial purchasers a 30-day option to purchase up to an additional $75 million aggregate principal amount of the notes. The sale of the notes is expected to close on August 21, 2013, subject to customary closing conditions.
Additionally, the company on August 13 reported a lower quarterly revenue on weak demand for optical components from telecom customers. The company reported a profit of $92.5 million, or 38 cents per share, in the fourth quarter, compared with a loss of $22.2 million, or 10 cents per share, a year earlier. Excluding one-time items, it earned 13 cents per share. Net revenue fell 3 percent to $421.3 million in the three months ended June 29.
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Walter Energy, Inc. (NYSE:WLT) shares increased 2.58% to $14.69. Standard & Poor's Ratings Services said on Sept. 5 that it lowered its corporate credit rating on Walter Energy Inc. to 'B-' from 'B'. Standard & Poor's also lowered the ratings on the existing senior secured debt to 'B' from 'B+' and the senior unsecured debt to 'CCC+' from 'B-'.
Additionally, WLT’s Director David Beatty acquired 10,000 shares of Walter Energy stock on the open market in a transaction dated August 9. The shares were purchased at an average price of $12.49 per share, for a total transaction of $124,900.00.
Is WLT going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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