JDS Uniphase Corp Insider David W. Heard Sells 1,711 Shares (JDSU)
JDS Uniphase Corp (NASDAQ:JDSU) Insider David W. Heard unloaded 1,711 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $10.97, for a total value of $18,769.67. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on JDSU. 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 equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average 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 1-year low of $10.29 and a 1-year 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 posted its quarterly earnings results on Tuesday, August 12th. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters 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 $0.62 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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