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JDS Uniphase Corp (NASDAQ:JDSU) was downgraded by equities researchers at Piper Jaffray from an “overweight” rating to a “neutral” rating in a research report issued on Wednesday, TheFlyOnTheWall.com reports. They currently have a $12.00 price objective on the stock, down from their previous price objective of $14.00. Piper Jaffray’s price target points to a potential upside of 0.76% from the company’s current price.

Shares of JDS Uniphase Corp (NASDAQ:JDSU) opened at 11.05 on Wednesday. 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 $2.594 billion and a price-to-earnings ratio of 28.56. JDS Uniphase Corp also was the recipient of unusually large options trading activity on Tuesday. Investors acquired 10,817 call options on the company. This is an increase of 869% compared to the typical volume of 1,116 call options.

JDS Uniphase Corp (NASDAQ:JDSU) last posted its quarterly 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. Analysts expect that JDS Uniphase Corp will post $0.73 EPS for the current fiscal year.

JDSU has been the subject of a number of other recent research reports. Analysts at B. Riley downgraded shares of JDS Uniphase Corp from a “buy” rating to a “neutral” rating in a research note on Wednesday. They now have a $11.75 price target on the stock, down previously from $15.50. 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 equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. JDS Uniphase Corp currently has a consensus rating of “Hold” and a consensus target price 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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