JDS Uniphase (NASDAQ: JDSU)‘s stock had its “buy” rating reaffirmed by equities research analysts at Jefferies Group (NYSE: JEF) in a research note issued to investors on Thursday.
Separately, analysts at Miller Tabak raised their price target on shares of JDS Uniphase to $17.00 in a research note to investors on Thursday. Analysts at Credit Suisse (NYSE: CS) raised their EPS on shares of JDS Uniphase in a research note to investors on Thursday. They now have a “neutral” rating and a $15.00 price target on the stock. Also, analysts at Stifel Nicolaus raised their price target on shares of JDS Uniphase to $19.00 in a research note to investors on Thursday.
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. The Company is also a provider of communications test and measurement solutions and optical products for telecommunications service providers, wireless operators, cable operators, and network equipment manufacturers. The Company operates in three segments: Communications Test and Measurement (CommTest), Communications and Commercial Optical Products (CCOP) and Advanced Optical Technologies (AOT). During the fiscal year ended July 3, 2010, (fiscal 2010), these segments accounted for approximately 47%, 37% and 16% of its revenues respectively. In May 2010, JDSU completed the acquisition of the Network Solutions Division (NSD) of Agilent Technologies, Inc. (Agilent).
Shares of JDS Uniphase traded down 7.16% during mid-day trading on Thursday, hitting $12.1899. JDS Uniphase has a one year low of $8.59 and a one year high of $29.12. The stock’s 50-day moving average is $11.45 and its 200-day moving average is $11.59. The company has a market cap of $2.793 billion and a P/E ratio of 46.89.
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