Insider Selling: JDS Uniphase Corp. SVP Sells 1,822 Shares of Stock (JDSU)
JDS Uniphase Corp. (NASDAQ:JDSU) SVP Andrew R. Pollack sold 1,822 shares of the stock on the open market in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $13.50, for a total transaction of $24,597.00. The sale was disclosed in a filing with the SEC, which is available at this link.
JDS Uniphase Corp. (NASDAQ:JDSU) traded down 1.40% during mid-day trading on Wednesday, hitting $13.38. 3,753,722 shares of the company’s stock traded hands. JDS Uniphase Corp. has a 52 week low of $11.68 and a 52 week high of $16.61. The stock has a 50-day moving average of $12.70 and a 200-day moving average of $13.46. The company has a market cap of $3.124 billion and a price-to-earnings ratio of 43.77.
JDS Uniphase Corp. (NASDAQ:JDSU) last posted its quarterly earnings results 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.
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 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 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 on Friday, January 31st. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus 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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