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JDS Uniphase Corp. (NASDAQ:JDSU) was upgraded by equities researchers at William Blair from a “market perform” rating to an “outperform” rating in a research report issued on Friday, TheFlyOnTheWall.com reports.

Shares of JDS Uniphase Corp. (NASDAQ:JDSU) traded up 4.48% during mid-day trading on Friday, hitting $13.29. 17,473,006 shares of the company’s stock traded hands. JDS Uniphase Corp. has a 1-year low of $11.68 and a 1-year high of $16.61. The stock’s 50-day moving average is $12.46 and its 200-day moving average is $13.61. The company has a market cap of $3.094 billion and a P/E ratio of 44.48. JDS Uniphase Corp. also saw unusually large options trading activity on Thursday. Stock traders acquired 11,786 put options on the stock. This represents an increase of 613% compared to the average volume of 1,654 put options.

JDS Uniphase Corp. (NASDAQ:JDSU) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the 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.

Separately, 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’s stock. The stock has a consensus rating of “Buy” and an average price target 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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