JDS Uniphase Corp. Sees Unusually Large Options Volume (JDSU)
Shares of JDS Uniphase Corp. (NASDAQ:JDSU) saw unusually large options trading on Monday. Traders acquired 10,124 call options on the company, Analyst Ratings.Net reports. This is an increase of 248% compared to the typical volume of 2,909 call options.
A number of analysts have recently weighed in on JDSU shares. Analysts at MKM Partners raised their price target on shares of JDS Uniphase Corp. from $13.00 to $15.00 in a research note to investors on Friday, January 31st. They now have a “neutral” rating on the stock. Separately, 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, January 31st. They now have a “buy” rating on the stock. Finally, 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, January 31st. Five 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 “Buy” and a consensus price target of $15.45.
JDS Uniphase Corp. (NASDAQ:JDSU) traded up 0.90% on Monday, hitting $13.39. The stock had a trading volume of 7,399,232 shares. JDS Uniphase Corp. has a 52 week low of $11.68 and a 52 week high of $16.61. The stock’s 50-day moving average is $12.57 and its 200-day moving average is $13.53. The company has a market cap of $3.120 billion and a P/E ratio of 42.81.
JDS Uniphase Corp. (NASDAQ:JDSU) last announced its earnings results 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 $0.60 EPS 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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