JDS Uniphase Corp. Price Target Cut to $15.00 (JDSU)
Equities researchers at Evercore Partners lowered their price objective on shares of JDS Uniphase Corp. (NASDAQ:JDSU) from $16.00 to $15.00 in a research report issued on Thursday, Analyst Ratings Network.com reports. The firm currently has an “equal weight” rating on the stock. Evercore Partners’ target price suggests a potential upside of 14.59% from the stock’s previous close.
In other JDS Uniphase Corp. news, EVP Alan S. Lowe unloaded 49,459 shares of JDS Uniphase Corp. stock 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group downgraded shares of JDS Uniphase Corp. from a “buy” rating to a “hold” rating in a research note to investors on Thursday. Separately, analysts at Barclays reiterated a “hold” rating on shares of JDS Uniphase Corp. in a research note to investors on Thursday. They now have a $16.00 price target on the stock. Finally, analysts at MKM Partners cut their price target on shares of JDS Uniphase Corp. from $14.00 to $13.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $15.73.
JDS Uniphase Corp. (NASDAQ:JDSU) traded down 11.25% on Thursday, hitting $13.09. 18,887,220 shares of the company’s stock traded hands. JDS Uniphase Corp. has a one year low of $9.72 and a one year high of $15.63. The stock’s 50-day moving average is $15.02 and its 200-day moving average is $14.23. The company has a market cap of $3.109 billion and a P/E ratio of 61.46.
JDS Uniphase Corp. (NASDAQ:JDSU) last released its earnings data on Wednesday, October 30th. The company reported $0.13 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.12 by $0.01. The company had revenue of $429.00 million for the quarter, compared to the consensus estimate of $423.20 million. During the same quarter last year, the company posted $0.15 earnings per share. JDS Uniphase Corp.’s revenue was up 1.9% compared to the same quarter last year. On average, analysts predict that JDS Uniphase Corp. will post $0.68 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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