MKM Partners Increases JDS Uniphase Corp. Price Target to $15.00 (JDSU)
Analysts at MKM Partners upped their price target on shares of JDS Uniphase Corp. (NASDAQ:JDSU) from $13.00 to $15.00 in a research report issued to clients and investors on Friday, AnalystRatings.NET reports. The firm currently has a “neutral” rating on the stock. MKM Partners’ target price would suggest a potential upside of 17.92% from the stock’s previous close.
Shares of JDS Uniphase Corp. (NASDAQ:JDSU) traded up 7.00% on Friday, hitting $13.61. The stock had a trading volume of 12,449,328 shares. JDS Uniphase Corp. has a one year low of $11.68 and a one year high of $16.61. The stock has a 50-day moving average of $12.42 and a 200-day moving average of $13.62. The company has a market cap of $3.169 billion and a price-to-earnings ratio of 44.48. JDS Uniphase Corp. also was the recipient of unusually large options trading on Thursday. Traders acquired 11,786 put options on the company. This represents an increase of approximately 613% compared to the average volume of 1,654 put options.
JDS Uniphase Corp. (NASDAQ:JDSU) last released its earnings data on Thursday, January 30th. The company reported $0.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.14 by $0.05. The company had revenue of $447.70 million for the quarter, compared to the consensus estimate of $433.70 million. Analysts expect that JDS Uniphase Corp. will post $0.59 EPS for the current fiscal year.
JDSU has been the subject of a number of other recent research reports. Analysts at B. Riley raised their price target on shares of JDS Uniphase Corp. from $17.00 to $17.50 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at William Blair upgraded shares of JDS Uniphase Corp. from a “market perform” rating to an “outperform” rating in a research note to investors on Friday. Finally, analysts at Zacks reiterated a “neutral” rating on shares of JDS Uniphase Corp. in a research note to investors on Friday, December 13th. They now have a $12.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $15.45.
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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