JDS Uniphase Upgraded by Credit Suisse to “Outperform” (JDSU)

JDS Uniphase (NASDAQ: JDSU) was upgraded by research analysts at Credit Suisse (NYSE: CS) from a “neutral” rating to an “outperform” rating in a report issued on Friday. They currently have a $17.00 price target on the stock, up from their previous price target of $15.00.

Separately, analysts at Jefferies Group (NYSE: JEF) reiterated a “buy” rating on shares of JDS Uniphase in a research note to investors on Thursday, February 2nd. Analysts at Miller Tabak raised their price target on shares of JDS Uniphase to $17.00 in a research note to investors on Thursday, February 2nd. 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, February 2nd.

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. The Company is also a provider of optical solutions for gesture-recognition, biomedical and environmental instrumentation, semiconductor processing, aerospace and defense, brand authentication, display systems, and custom color product differentiation applications. The Company operates in three segments: Communications Test and Measurement (CommTest), Communications and Commercial Optical Products (CCOP) and Advanced Optical Technologies (AOT).

Shares of JDS Uniphase traded up 1.23% during mid-day trading on Friday, hitting $13.96. 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 $12.07 and its 200-day moving average is $11.53. The company has a market cap of $3.202 billion and a P/E ratio of 96.43.

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Posted by Web Inquirer Staff on 10 Feb 2012. Filed under Markets. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.