Insider Selling: Andrew R. Pollack Sells 1,568 Shares of JDS Uniphase Corp Stock (JDSU)
JDS Uniphase Corp (NASDAQ:JDSU) SVP Andrew R. Pollack sold 1,568 shares of JDS Uniphase Corp stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $11.63, for a total value of $18,235.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of JDS Uniphase Corp (NASDAQ:JDSU) traded up 2.62% during mid-day trading on Tuesday, hitting $11.94. The stock had a trading volume of 3,048,546 shares. 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 $11.79 and its 200-day moving average is $12.41. The company’s market cap is $2.798 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. On average, analysts predict that JDS Uniphase Corp will post $0.62 earnings per share for the current fiscal year.
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, 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 investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus 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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