JDS Uniphase (JDSU) Still Has a Ways to Go! - Cramer

JDS Uniphase Corp. (Nasdaq: JDSU) is trading higher following a positive mention by TheStreet's Jim Cramer.

Cramer, and colleague Ken Shreve, made several key points about the stock:

• shares have moved 217% higher since November 2009, meeting many investors with caution;
  
  
• Last week, the stock made an even bigger move, shooting up 27% last week following earnings which saw record revenues for the company;
  
  
• Shreve noted that many companies have gapped up following earnings, and have continued the trend higher. Stock mentioned include lululemon (Nasdaq: LULU) and priceline.com (Nasdaq: PC:LN), among others;
  
  
• Shreve also said that the increase in share price came along with stronger volume levels, which is a signal that bigger institutions are accumulating shares;
  
  
• Cramer continued that JDSU's growth is on fire, with both revs and gross margins on the rise; and
  
  
• JDS also has technology in Microsoft's (Nasdaq: MSFT) hot-selling Kinect device, along with their standard test and measurement offerings.

JDSU shares are up 7.5% today on the mention.

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