JDS Uniphase Corp.’s Outperform Rating Reaffirmed at RBC Capital (JDSU)
JDS Uniphase Corp. (NASDAQ:JDSU)‘s stock had its “outperform” rating restated by RBC Capital in a research note issued on Thursday, Analyst Ratings Network.com reports. They currently have a $16.00 target price on the stock. RBC Capital’s price objective indicates a potential upside of 22.23% from the stock’s previous close.
In other JDS Uniphase Corp. news, EVP Alan S. Lowe sold 49,459 shares of JDS Uniphase Corp. stock on the open market in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $16.49, for a total value of $815,578.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
JDS Uniphase Corp. (NASDAQ:JDSU) traded down 11.25% on Thursday, hitting $13.09. The stock had a trading volume of 18,887,220 shares. JDS Uniphase Corp. has a 52 week low of $9.72 and a 52 week high of $15.63. The stock has a 50-day moving average of $15.02 and a 200-day moving average of $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 (EPS) for the quarter, beating the 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.
Other equities research analysts have also recently issued reports about the stock. Analysts at Needham & Company cut their price target on shares of JDS Uniphase Corp. from $18.00 to $16.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Evercore Partners cut their price target on shares of JDS Uniphase Corp. from $16.00 to $15.00 in a research note to investors on Thursday. They now have an “equal weight” rating on the stock. Finally, 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. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $15.73.
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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