JDS Uniphase Corp Coverage Initiated by Analysts at JPMorgan Chase & Co. (JDSU)
Equities research analysts at JPMorgan Chase & Co. assumed coverage on shares of JDS Uniphase Corp (NASDAQ:JDSU) in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $12.50 price target on the stock. JPMorgan Chase & Co.’s target price points to a potential downside of 0.32% from the stock’s previous close.
JDS Uniphase Corp (NASDAQ:JDSU) traded up 0.56% on Wednesday, hitting $12.61. 1,586,370 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’s 50-day moving average is $11.3 and its 200-day moving average is $12.60. The company has a market cap of $2.960 billion and a P/E ratio of 30.07.
JDS Uniphase Corp (NASDAQ:JDSU) last issued its quarterly 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.
A number of other firms have also recently commented on JDSU. 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. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $14.73.
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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