UBS AG Raises JDS Uniphase to Buy (JDSU)

By admin | 6 years ago

JDS Uniphase (NASDAQ: JDSU) was upgraded by equities researchers at UBS AG (NYSE: UBS) from a “neutral” rating to a “buy” rating in a report issued on Thursday. The firm currently has a $14.50 target price on the stock.

JDS Uniphase traded down 0.47% on Thursday, hitting $10.69. JDS Uniphase has a 52-week low of $8.59 and a 52-week high of $22.04. The company’s market cap is $2.465 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.

A number of other firms have also recently commented on JDSU. 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. Separately, analysts at Citigroup (NYSE: C) cut their price target on shares of JDS Uniphase to $16.50 in a research note to investors on Thursday, May 3rd. They now have a “buy” rating on the stock. Finally, analysts at Piper Jaffray (NYSE: PJC) cut their price target on shares of JDS Uniphase from $16.00 to $14.00 in a research note to investors on Thursday, May 3rd.

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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