Goldman Sachs Assumes Coverage on JDS Uniphase (JDSU)
Posted by Zach Kirkland on Aug 10th, 2012
Goldman Sachs initiated coverage on shares of JDS Uniphase (NASDAQ: JDSU) in a research report sent to investors on Friday morning. The firm issued a buy rating on the stock.
A number of other analysts have also recently weighed in on JDSU. Analysts at Zacks reiterated a neutral rating on shares of JDS Uniphase in a research note to investors on Wednesday. They now have a $11.00 price target on the stock. Separately, analysts at Jefferies Group cut their EPS estimates on shares of JDS Uniphase in a research note on Monday. They now have a buy rating and a $13.00 price target on the stock. Finally, analysts at Needham & Company initiated coverage on shares of JDS Uniphase in a research note to investors on Friday, July 13th. They set a hold rating on the stock. They noted that the move was a valuation call.
Shares of JDS Uniphase opened at 10.77 on Friday. JDS Uniphase has a one year low of $8.47 and a one year high of $15.17. The company’s market cap is $2.493 billion.
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.