Insider Selling: Andrew R. Pollack Sells 1,800 Shares of JDS Uniphase Corp Stock (JDSU)
JDS Uniphase Corp (NASDAQ:JDSU) SVP Andrew R. Pollack sold 1,800 shares of the company’s stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $10.81, for a total value of $19,458.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of JDS Uniphase Corp (NASDAQ:JDSU) traded up 1.94% on Monday, hitting $11.05. 3,223,405 shares of the company’s stock traded hands. JDS Uniphase Corp has a 52 week low of $10.29 and a 52 week high of $16.61. The stock has a 50-day moving average of $12.56 and a 200-day moving average of $12.85. The company has a market cap of $2.594 billion and a price-to-earnings ratio of 26.00.
JDS Uniphase Corp (NASDAQ:JDSU) last released its earnings data on Wednesday, April 30th. The company reported $0.10 EPS for the quarter, missing the Thomson Reuters 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 $0.55 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of JDS Uniphase Corp in a research note on Thursday, May 1st. They now have a $16.00 price target on the stock. Separately, analysts at MKM Partners cut their price target on shares of JDS Uniphase Corp from $18.00 to $15.00 in a research note on Thursday, May 1st. They now have a “buy” rating on the stock. Finally, analysts at Evercore Partners cut their price target on shares of JDS Uniphase Corp to $14.00 in a research note on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $14.95.
JDS Uniphase Corporation is a provider of communications test and measurement solutions and optical products for telecommunications service providers, wireless operators, cable operators, network-equipment manufacturers (NASDAQ:JDSU), and enterprises.
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