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Research analysts at RBC Capital lowered their target price on shares of JDS Uniphase Corp. (NASDAQ:JDSU) from $15.00 to $13.00 in a report released on Thursday, American Banking reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price target would indicate a potential upside of 19.60% from the company’s current price.

Shares of JDS Uniphase Corp. (NASDAQ:JDSU) traded down 14.21% during mid-day trading on Thursday, hitting $10.87. 27,088,464 shares of the company’s stock traded hands. JDS Uniphase Corp. has a 52-week low of $10.53 and a 52-week high of $16.61. The stock has a 50-day moving average of $13.64 and a 200-day moving average of $13.21. The company has a market cap of $2.538 billion and a P/E ratio of 40.87. JDS Uniphase Corp. also was the recipient of some unusual options trading on Wednesday. Stock investors purchased 5,566 put options on the stock. This is an increase of 377% compared to the average volume of 1,168 put options.

JDS Uniphase Corp. (NASDAQ:JDSU) last released its earnings data on Wednesday, April 30th. The company reported $0.10 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.11 by $0.01. The company had revenue of $418.00 million for the quarter, compared to the consensus estimate of $431.73 million. Analysts expect that JDS Uniphase Corp. will post $0.59 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on JDSU. Analysts at UBS AG cut their price target on shares of JDS Uniphase Corp. from $16.00 to $14.00 in a research note on Thursday. Separately, analysts at Piper Jaffray cut their price target on shares of JDS Uniphase Corp. from $16.00 to $14.00 in a research note on Thursday. Finally, analysts at MKM Partners upgraded shares of JDS Uniphase Corp. from a “neutral” rating to a “buy” rating in a research note on Friday, March 21st. They now have a $18.00 price target on the stock, up previously from $15.00. Four equities research analysts have rated the stock with a hold rating and six 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 $14.86.

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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