JDS Uniphase Corp Given Consensus Recommendation of “Hold” by Brokerages (NASDAQ:JDSU)
JDS Uniphase Corp (NASDAQ:JDSU) has received a consensus recommendation of “Hold” from the thirteen ratings firms that are currently covering the stock, StockRatingsNetwork.com reports. Eight research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $47.96.
A number of analysts have recently weighed in on JDSU shares. Analysts at Argus downgraded shares of JDS Uniphase Corp from a “buy” rating to a “hold” rating in a research note on Friday. They now have a $438.00 price target on the stock. Separately, 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. Finally, 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.
JDS Uniphase Corp (NASDAQ:JDSU) opened at 10.865 on Wednesday. JDS Uniphase Corp has a one year low of $10.29 and a one year high of $16.61. The stock has a 50-day moving average of $11.9 and a 200-day moving average of $12.47. The company’s market cap is $2.546 billion.
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 $0.62 EPS 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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