MKM Partners Reiterates a 'Buy' on JDS Uniphase (JDSU); Solid Reports Helps Investor Ease
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Price: $13.07 -0.76%
Rating Summary:
12 Buy, 8 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
12 Buy, 8 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade JDSU Now!
MKM Partners reiterates a 'Buy' on JDS Uniphase (NASDAQ: JDSU) price target of $14.00.
Analyst, Michael Genovese, said, "JDSU’s earnings and comments constructively addressed two key investors concerns, which are Optical Components market share and 2H12 North American service provider capex trends. The company turned in 8.5% q/q growth in Optical Communications revenues and guided Optical Products up another 3%-7% in the current quarter. This is evidence of solid optical market demand, and JDSU market share gains rather than losses."
"Our new FY13/CY13 EPS forecasts of $0.75/$0.93 are very similar to our previous $0.76/$0.93 estimates. We are introducing FY14/CY14 EPS at $1.04 and $1.14, respectively."
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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Analyst, Michael Genovese, said, "JDSU’s earnings and comments constructively addressed two key investors concerns, which are Optical Components market share and 2H12 North American service provider capex trends. The company turned in 8.5% q/q growth in Optical Communications revenues and guided Optical Products up another 3%-7% in the current quarter. This is evidence of solid optical market demand, and JDSU market share gains rather than losses."
"Our new FY13/CY13 EPS forecasts of $0.75/$0.93 are very similar to our previous $0.76/$0.93 estimates. We are introducing FY14/CY14 EPS at $1.04 and $1.14, respectively."
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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