JDS Uniphase Corp (JDSU) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS
JDS Uniphase Corp (NASDAQ:JDSU) announced its earnings results on Tuesday. The company reported $0.14 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.13 by $0.01, StockRatingsNetwork reports. The company had revenue of $448.60 million for the quarter, compared to the consensus estimate of $437.09 million.
On the ratings front, analysts at JPMorgan Chase & Co. initiated coverage on shares of JDS Uniphase Corp in a research note on Wednesday, July 2nd. They set a “neutral” rating and a $12.50 price target on the stock. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $14.80.
JDS Uniphase Corp (NASDAQ:JDSU) traded down 0.50% during mid-day trading on Tuesday, hitting $11.91. The stock had a trading volume of 4,806,247 shares. JDS Uniphase Corp has a 1-year low of $10.29 and a 1-year high of $16.61. The stock has a 50-day moving average of $12.06 and a 200-day moving average of $12.50. The company has a market cap of $2.795 billion and a price-to-earnings ratio of 28.71.
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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