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JDS Uniphase Corp (NASDAQ:JDSU) was downgraded by stock analysts at Argus from a “buy” rating to a “hold” rating in a report issued on Friday, TheFlyOnTheWall.com reports.

JDS Uniphase Corp (NASDAQ:JDSU) opened at 10.94 on Friday. 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 $12.01 and its 200-day moving average is $12.48. The company’s market cap is $2.563 billion. JDS Uniphase Corp also saw unusually large options trading on Tuesday. Stock investors purchased 10,817 call options on the company. This represents an increase of approximately 869% compared to the average daily 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 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. Analysts expect that JDS Uniphase Corp will post $0.65 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at S&P Equity Research raised their price target on shares of JDS Uniphase Corp from $0.11 to $0.24 in a research note on Wednesday. They now have a “hold” rating on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of JDS Uniphase Corp in a research note on Wednesday. They now have a $11.00 price target on the stock, down previously from $12.50. Finally, analysts at Needham & Company LLC reiterated a “buy” rating on shares of JDS Uniphase Corp in a research note on Wednesday. They now have a $14.50 price target on the stock, down previously from $16.00. Eight equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $12.50.

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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