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JDS Uniphase Corp (NASDAQ:JDSU) Insider David W. Heard sold 1,711 shares of the stock on the open market in a transaction dated 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 Securities & Exchange Commission, which can be accessed through this link.

Shares of JDS Uniphase Corp (NASDAQ:JDSU) opened at 11.045 on Wednesday. JDS Uniphase Corp has a 52 week low of $10.29 and a 52 week high of $16.61. The stock’s 50-day moving average is $11.90 and its 200-day moving average is $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 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.

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, August 15th. 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 given a buy rating to the company’s stock. JDS Uniphase Corp presently has an average rating of “Hold” and an average target price of $47.96.

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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