Citigroup (C) Analysts Reiterate a "Buy" Rating on JDS Uniphase Co. (JDSU)
Friday, July 08, 2021 12:10 PM

Equities research analysts at Citigroup (NYSE: C) reiterated a "buy" rating on shares of JDS Uniphase Co. (NASDAQ: JDSU) in a research note to investors on Friday.

Separately, analysts at Piper Jaffray (NYSE: PJC) cut their price target on shares of JDS Uniphase Co. to $21.00 in a research note to investors on Friday. They now have an "overweight" rating on the stock. Also, analysts at Zacks Investment Research downgraded shares of JDS Uniphase Co. from a "neutral" rating to an "underperform" rating in a research note to investors on Monday, June 13rd.

Shares of JDS Uniphase Co. traded down 4.55% during mid-day trading on Monday, hitting $15.94. JDS Uniphase Co. has a 52 week low of $9.05 and a 52 week high of $29.12. The stock's 50-day moving average is $17.71 and its 200-day moving average is $19.30. The company has a market cap of $3.618 billion and a price-to-earnings ratio of 59.86.

JDS Uniphase Co. last announced its quarterly results on Thursday, May 5th. The company reported $0.22 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.20 EPS by $0.02. During the same quarter in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was down 4.60% on a year-over-year basis. On average, analysts predict that JDS Uniphase Co. will post $0.24 EPS next quarter.

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).

Stay on top of analysts' coverage with American Banking & Market News' daily email newsletter that provides a concise list of analysts' upgrades, analysts' downgrades and analysts' price target changes for each day.Click here to register.


 

Sponsors

Advertisement


Advertisement