JDS Uniphase Corp. Receives New Coverage from Analysts at Barclays Capital (JDSU)
Equities research analysts at Barclays Capital assumed coverage on shares of JDS Uniphase Corp. (NASDAQ:JDSU) in a research note issued to investors on Wednesday, StockRatingsNetwork.com reports. The firm set an “equal weight” rating on the stock.
JDS Uniphase Corp. (NASDAQ:JDSU) opened at 15.13 on Wednesday. JDS Uniphase Corp. has a one year low of $9.42 and a one year 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 $3.594 billion and a P/E ratio of 63.04.
JDS Uniphase Corp. (NASDAQ:JDSU) last released its 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.
A number of other analysts have also recently weighed in on JDSU. 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. Separately, 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. Finally, analysts at MKM Partners cut their price target on shares of JDS Uniphase Corp. (NASDAQ:JDSU) from $15.00 to $14.00 in a research note to investors on Wednesday, August 14th. They now have a “neutral” rating on the stock.
Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. JDS Uniphase Corp. currently has a consensus rating of “Buy” and a consensus target price of $16.40.
In other JDS Uniphase Corp. news, SVP Luke M. Scrivanich sold 6,617 shares of the stock on the open market in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $14.87, for a total transaction of $98,394.79. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.