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Shares of JDS Uniphase Corp (NASDAQ:JDSU) have received an average recommendation of “Hold” from the eleven ratings firms that are covering the stock, AnalystRatingsNetwork reports. Six research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $13.88.

A number of research firms have recently commented on JDSU. Analysts at Needham & Company LLC cut their price target on shares of JDS Uniphase Corp from $16.00 to $14.50 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Piper Jaffray downgraded shares of JDS Uniphase Corp from an “overweight” rating to a “neutral” rating in a research note on Wednesday. They now have a $12.00 price target on the stock, down previously from $14.00. Finally, 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.

Shares of JDS Uniphase Corp (NASDAQ:JDSU) traded down 9.74% on Wednesday, hitting $10.75. 10,889,877 shares of the company’s stock traded hands. 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 $2.523 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 bought 10,817 call options on the stock. This represents an increase of 869% compared to the typical daily volume of 1,116 call options.

JDS Uniphase Corp (NASDAQ:JDSU) last posted its quarterly earnings data on Tuesday, August 12th. The company reported $0.14 earnings per share for the quarter, beating the analysts’ 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.

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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