JDS Uniphase Rating Reiterated by RBC Capital (JDSU)

Posted by: Pezhman Azimi Posted date: March 12, 2013 In: Analyst Articles - US, Investing

JDS Uniphase (NASDAQ: JDSU)‘s stock had its “outperform” rating reiterated by equities research analysts at RBC Capital in a research note issued to investors on Tuesday. They currently have a $18.00 price target on the stock.

A number of other firms have also recently commented on JDSU. Analysts at Needham & Company raised their price target on shares of JDS Uniphase from $18.00 to $20.00 in a research note to investors on Tuesday, February 19th. They now have a “buy” rating on the stock. Separately, analysts at MKM Partners raised their price target on shares of JDS Uniphase from $17.00 to $18.00 in a research note to investors on Friday, February 15th. They now have a “buy” rating on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of JDS Uniphase in a research note to investors on Friday, February 15th. They now have a $19.00 price target on the stock.

Ten investment analysts have rated the stock with a buy rating, and six have given a hold rating to the stock. JDS Uniphase currently has an average rating of “overweight” and an average price target of $17.15.

JDS Uniphase traded down 0.39% on Tuesday, hitting $15.34. JDS Uniphase has a 52-week low of $8.47 and a 52-week high of $15.63. The stock’s 50-day moving average is currently $14.50. The company’s market cap is $3.607 billion.

JDS Uniphase last announced its earnings results on Wednesday, January 30th. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.14 by $0.04. The company had revenue of $429.40 million for the quarter, compared to the consensus estimate of $424.19 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. Analysts expect that JDS Uniphase will post $0.63 EPS for the current fiscal year.

JDS Uniphase Corporation (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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