JDS Uniphase (JDSU)

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JDS Uniphase Corp. Stock Rating Reaffirmed by Zacks (JDSU)

Posted by Nolan Pearson on Dec 16th, 2013 // No Comments

Zacks restated their neutral rating on shares of JDS Uniphase Corp. (NASDAQ:JDSU) in a report released on Friday, AnalystRatings.NET reports. Zacks currently has a $12.00 price objective on the stock.

Zacks’ analyst wrote, “JDS Uniphase reported mixed financial results for the first quarter of fiscal 2014. The bottom line was in line with the Zacks Consensus Estimate while the top line surpassed the same. Sluggish capital expenditure by the carriers and weaker outlook provided by JDS Uniphase may act as headwind for the company going forward. The stock price is fairly valued at current levels and is trading at a 52-week high. However, JDS Uniphase’s newly-launched products coupled with the acquisition of Network Instruments and Arieso are the long-term positives for the company. Moreover, higher Internet usage and associated applications has spurred demand for components and modules used in 3G/4G high-speed communication networks, benefiting JDSU in the long run. We expect this trend to continue and therefore, reiterate our long-term Neutral recommendation on JDS Uniphase.”

JDS Uniphase Corp. (NASDAQ:JDSU) traded up 1.10% during mid-day trading on Friday, hitting $11.95. The stock had a trading volume of 434,402 shares. JDS Uniphase Corp. has a 52 week low of $11.70 and a 52 week high of $16.61. The stock’s 50-day moving average is $12.66 and its 200-day moving average is $14.01. The company has a market cap of $2.782 billion and a price-to-earnings ratio of 41.33.


JDS Uniphase Corp. (NASDAQ:JDSU) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.12 by $0.01. The company had revenue of $429.00 million for the quarter, compared to the consensus estimate of $423.20 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. On average, analysts predict that JDS Uniphase Corp. will post $0.59 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on JDSU. Analysts at Stifel Nicolaus cut their price target on shares of JDS Uniphase Corp. from $19.00 to $17.00 in a research note to investors on Friday, November 1st. They now have a buy rating on the stock. Separately, analysts at RBC Capital reiterated an outperform rating on shares of JDS Uniphase Corp. in a research note to investors on Thursday, October 31st. They now have a $16.00 price target on the stock. Finally, analysts at Needham & Company cut their price target on shares of JDS Uniphase Corp. from $18.00 to $16.00 in a research note to investors on Thursday, October 31st. They now have a buy rating on the stock. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $15.25.
JDS Uniphase Corporation (NASDAQ:JDSU) 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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