JDS Uniphase Corp Given “Neutral” Rating at Zacks (JDSU)
JDS Uniphase Corp (NASDAQ:JDSU)‘s stock had its “neutral” rating reissued by Zacks in a research report issued on Wednesday. They currently have a $12.00 target price on the stock. Zacks‘s price target points to a potential upside of 6.67% from the stock’s previous close.
Zacks’ analyst wrote, “JDS Uniphase reported strong financial results for the fourth quarter of fiscal 2014 wherein both its top and bottom line outpaced the Zacks Consensus Estimate. A series of acquisitions along with strong revenue and cash flow are likely to spur growth for the company. Moreover, higher Internet usage and associated applications have boosted demand for components and modules used in 3G/4G high-speed communication networks. This is expected to benefit JDS Uniphase over the long term. However, sluggish economic growth coupled with lower capital spending by most carriers may act as headwinds for the company going forward. Meanwhile, the stock price is fairly valued at current levels. We, therefore, maintain our Neutral recommendation on JDS Uniphase.”
Several other analysts have also 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. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. JDS Uniphase Corp presently has an average rating of “Hold” and an average target price of $45.19.
Shares of JDS Uniphase Corp (NASDAQ:JDSU) traded up 0.09% on Wednesday, hitting $11.26. 2,428,689 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’s 50-day moving average is $11.68 and its 200-day moving average is $12.33. The company’s market cap is $2.590 billion.
JDS Uniphase Corp (NASDAQ:JDSU) last posted its quarterly 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. On average, analysts predict that JDS Uniphase Corp will post $0.62 earnings per share for the current fiscal year.
In other JDS Uniphase Corp news, Insider David W. Heard unloaded 3,614 shares of the company’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $11.64, for a total value of $42,066.96. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
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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