Jefferies Group Reiterates Buy on JDS Uniphase (JDSU)
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of JDS Uniphase in a research note to investors on Thursday, May 10th. They now have a $11.00 price target on the stock. Separately, analysts at UBS AG (NYSE: UBS) upgraded shares of JDS Uniphase from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, May 10th. They now have a $14.50 price target on the stock. Finally, analysts at Stifel Nicolaus cut their price target on shares of JDS Uniphase to $17.00 in a research note to investors on Thursday, May 3rd.
JDS Uniphase opened at 9.83 on Friday. JDS Uniphase has a 52-week low of $8.59 and a 52-week high of $22.40. The company’s market cap is $2.276 billion.
JDS Uniphase last posted its quarterly earnings results on Wednesday, May 2nd. The company reported $0.11 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.11. JDS Uniphase’s revenue was down 9.9% compared to the same quarter last year. Analysts expect that JDS Uniphase will post $0.16 EPS next quarter.
JDS Uniphase Corporation (JDSU), incorporated in 1979, is a provider of communications test and measurement solutions and optical products for telecommunications service providers, wireless operators, cable operators, and network equipment manufacturers.