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JDS Uniphase Corp (NASDAQ:JDSU) was downgraded by investment analysts at B. Riley from a “buy” rating to a “neutral” rating in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports. They currently have a $11.75 price target on the stock, down from their previous price target of $15.50. B. Riley’s target price indicates a potential downside of 1.34% from the company’s current price.

Shares of JDS Uniphase Corp (NASDAQ:JDSU) traded down 9.66% on Wednesday, hitting $10.76. The stock had a trading volume of 8,411,413 shares. 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 $12.06 and a 200-day moving average of $12.50. The company has a market cap of $2.525 billion and a P/E ratio of 28.56. JDS Uniphase Corp also was the target of some unusual options trading on Tuesday. Traders acquired 10,817 call options on the company. This is an increase of approximately 869% compared to the average daily volume of 1,116 call options.

JDS Uniphase Corp (NASDAQ:JDSU) last announced its earnings results on Tuesday, August 12th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.01. The company had revenue of $448.60 million for the quarter, compared to the consensus estimate of $437.09 million. On average, analysts predict that JDS Uniphase Corp will post $0.73 earnings per share for the current fiscal year.

Separately, 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. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $13.88.

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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