Jefferies Reiterates a 'Buy' on JDS Uniphase (JDSU) on Strong Q4 Results

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Jefferies reiterates a 'Buy' on JDS Uniphase (NASDAQ: JDSU) price target of $13.00.

Analyst, James Kisner, said, "JDSU reported robust Q4 results. While Q1 guidance seems conservative, we were encouraged by the company’s strong performance in Optical Communications and commentary around key new growth opportunities in CommTest, Commercial Lasers, and Gesture Recognition." (FY13 EPS Estimate lowered from $0.90 to $0.85)

For an analyst ratings summary and ratings history on JDS Uniphase click here. For more ratings news on JDS Uniphase click here.

Shares of JDS Uniphase closed at $10.68 yesterday, with a 52 week range of $8.47-$15.17.

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