JDS Uniphase Corp. Insider David Heard Sells 24,719 Shares (JDSU)
JDS Uniphase Corp. (NASDAQ:JDSU) Insider David Heard sold 24,719 shares of JDS Uniphase Corp. stock on the open market in a transaction dated Monday, September 9th. The stock was sold at an average price of $14.82, for a total value of $366,335.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. JDS Uniphase Corp. currently has a consensus rating of “Buy” and a consensus price target of $16.36.
Shares of JDS Uniphase Corp. (NASDAQ:JDSU) traded down 0.33% during mid-day trading on Wednesday, hitting $15.08. 4,793,176 shares of the company’s stock traded hands. JDS Uniphase Corp. has a one year low of $9.42 and a one year high of $15.63. The stock has a 50-day moving average of $14.10 and a 200-day moving average of $13.9. The company has a market cap of $3.582 billion and a P/E ratio of 63.04.
JDS Uniphase Corp. (NASDAQ:JDSU) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $0.13 earnings per share (EPS) for the quarter, meeting the 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 in the previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. Analysts expect that JDS Uniphase Corp. will post $0.67 EPS 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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