MKM Partners Boosts Numbers on JDS Uniphase (JDSU) on Solid Report, Outlook

January 31, 2013 11:16 AM EST
Get Alerts JDSU Hot Sheet
Price: $10.87 --0%

Rating Summary:
    11 Buy, 14 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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MKM Partners raised its price target on JDS Uniphase (NASDAQ: JDSU) from $16 to $17 following solid q2 results, solid revenue guide and upbeat capex commentary regarding June and beyond.

Analyst Michael Genovese comments: "We view JDSU’s CY13 service provider exposure positively, especially on the CommTest side. There is also another consumer gesture recognition product cycle forming for 2HCY13. We expect the rising capex tide to lift all the market-leading boats in the optical components space in CY13. That said, it looks like JDSU may be losing share in Telecom components, but nicely gaining share in Datacom components."

FY13/FY14 EPS forecasts increase to $0.62/$0.89 from $0.61/$0.86.

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 $12.40 yesterday.

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