Raymond James Cuts JDS Uniphase to Outperform (JDSU)

By admin | 6 years ago

JDS Uniphase (NASDAQ: JDSU) was downgraded by equities research analysts at Raymond James (NYSE: RJF) from a “strong-buy” rating to an “outperform” rating in a research note issued to investors on Thursday.

JDSU has been the subject of a number of other recent research reports. Analysts at MKM Partners initiated coverage on shares of JDS Uniphase in a research note to investors on Wednesday, March 28th. They set a “buy” rating and a $18.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of JDS Uniphase in a research note to investors on Wednesday, March 14th. They now have a $15.00 price target on the stock. Finally, analysts at Citigroup (NYSE: C) raised their price target on shares of JDS Uniphase to $19.00 in a research note to investors on Tuesday, February 21st.

JDS Uniphase traded down 4.31% on Thursday, hitting $11.09. JDS Uniphase has a 52-week low of $8.59 and a 52-week high of $22.30. The company’s market cap is $2.557 billion.

The company last announced its quarterly results on Wednesday, May 2nd. It reported $0.11 earnings per share (EPS) for the previous quarter, meeting the Thomson Reuters consensus estimate of $0.11 EPS. The company’s quarterly revenue was down 9.9% on a year-over-year basis. Analysts expect that JDS Uniphase will post $0.20 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.

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