Insider Selling: JDS Uniphase Corp. Insider Sells 100,486 Shares of Stock (JDSU)
JDS Uniphase Corp. (NASDAQ:JDSU) Insider Thomas Waechter unloaded 100,486 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $14.80, for a total transaction of $1,487,192.80. Following the completion of the sale, the insider now directly owns 48,735 shares in the company. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on JDSU. Analysts at Barclays Capital initiated coverage on shares of JDS Uniphase Corp. (NASDAQ:JDSU) in a research note to investors on Wednesday. They set an “equal weight” rating and a $16.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of JDS Uniphase Corp. (NASDAQ:JDSU) in a research note to investors on Friday, August 30th. They now have a $14.00 price target on the stock. Finally, analysts at RBC Capital cut their price target on shares of JDS Uniphase Corp. (NASDAQ:JDSU) from $17.00 to $16.00 in a research note to investors on Wednesday, August 14th. They now have an “outperform” rating on the stock.
Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $16.36.
Shares of JDS Uniphase Corp. (NASDAQ:JDSU) traded down 0.33% on Wednesday, hitting $15.08. 4,793,176 shares of the company’s stock traded hands. JDS Uniphase Corp. has a 52-week low of $9.42 and a 52-week high of $15.63. The stock’s 50-day moving average is $14.10 and its 200-day moving average is $13.9. The company has a market cap of $3.582 billion and a price-to-earnings ratio of 63.04.
JDS Uniphase Corp. (NASDAQ:JDSU) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.13 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.13. The company had revenue of $421.30 million for the quarter, compared to the consensus estimate of $430.64 million. During the same quarter last year, the company posted $0.15 earnings per share. JDS Uniphase Corp.’s revenue was down 2.9% compared to the same quarter last year. On average, analysts predict that JDS Uniphase Corp. will post $0.67 earnings per share for the current fiscal year.
JDS Uniphase Corporation (NASDAQ:JDSU) is a provider of communications test and measurement solutions and optical products for telecommunications service providers, wireless operators, cable operators, and network equipment manufacturers.
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