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Stock analysts at Needham & Company LLC decreased their price target on shares of JDS Uniphase Corp (NASDAQ:JDSU) from $16.00 to $14.50 in a report issued on Wednesday. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s price target would suggest a potential upside of 21.75% from the stock’s previous close.

A number of other analysts have also recently weighed in on JDSU. 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. Separately, 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. Finally, 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 analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. JDS Uniphase Corp currently has an average rating of “Hold” and a consensus target price of $13.88.

Shares of JDS Uniphase Corp (NASDAQ:JDSU) opened at 11.91 on Wednesday. JDS Uniphase Corp has a one year low of $10.29 and a one year high of $16.61. The stock’s 50-day moving average is $12.06 and its 200-day moving average is $12.50. The company has a market cap of $2.795 billion and a price-to-earnings ratio of 28.56.

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.

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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