Insider Selling: JDS Uniphase Corp. EVP Sells 49,459 Shares of Stock (JDSU)
JDS Uniphase Corp. (NASDAQ:JDSU) EVP Alan Lowe sold 49,459 shares of JDS Uniphase Corp. stock on the open market in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $16.49, for a total transaction of $815,578.91. Following the sale, the executive vice president now directly owns 147,014 shares of the company’s stock, valued at approximately $2,424,261. The sale was disclosed in a document filed with the SEC, which is available at this link.
JDS Uniphase Corp. (NASDAQ:JDSU) traded down 2.28% during mid-day trading on Wednesday, hitting $15.84. 2,808,146 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 has a 50-day moving average of $14.14 and a 200-day moving average of $14.0. The company has a market cap of $3.763 billion and a P/E ratio of 67.54.
JDS Uniphase Corp. (NASDAQ:JDSU) last announced its earnings results 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 in the prior year, the company posted $0.15 earnings per share. The company’s quarterly revenue was down 2.9% on a year-over-year basis. On average, analysts predict that JDS Uniphase Corp. will post $0.67 earnings per share for the current fiscal year.
A number of research firms have recently commented on JDSU. Analysts at Evercore Partners initiated coverage on shares of JDS Uniphase Corp. in a research note to investors on Friday, October 4th. They set an “equal weight” rating and a $17.00 price target on the stock. Separately, analysts at Barclays initiated coverage on shares of JDS Uniphase Corp. in a research note to investors on Wednesday, September 11th. They set an “equal weight” rating and a $16.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of JDS Uniphase Corp. in a research note to investors on Friday, August 30th. They now have a $14.00 price target on the stock. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. JDS Uniphase Corp. has a consensus rating of “Buy” and a consensus target price of $16.42.
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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