Insider Selling: Andrew R. Pollack Unloads 1,801 Shares of JDS Uniphase Corp Stock (JDSU)
JDS Uniphase Corp (NASDAQ:JDSU) SVP Andrew R. Pollack sold 1,801 shares of JDS Uniphase Corp stock on the open market in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $11.00, for a total transaction of $19,811.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. 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, August 13th. 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, August 13th. They now have a $11.00 price target on the stock, down previously from $12.50. Eight analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $47.96.
JDS Uniphase Corp (NASDAQ:JDSU) traded up 0.50% during mid-day trading on Tuesday, hitting $11.045. 7,021,929 shares of the company’s stock traded hands. JDS Uniphase Corp has a 52-week low of $10.29 and a 52-week high of $16.61. The stock has a 50-day moving average of $11.90 and a 200-day moving average of $12.45. The company’s market cap is $2.588 billion.
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. 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.