Needham & Company Lifts Numbers on JDS Uniphase (JDSU) After Analyst Day

February 19, 2013 8:46 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: 24 | Down: 17 | New: 14
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Needham & Company raised estimates and its price target on Buy-rated JDS Uniphase (NASDAQ: JDSU) from $18 to $20 as the company's analyst day reaffirmed the positive tone and improving outlook.

The firm raised CY13 estimate to $0.73 from $0.68 and CY14 estimate to $0.99 from $0.87.

Some key take-aways, according to the firm, were: Capex Visibility Reaffirmed; Improved visibility a positive indicator for JDSU and other Comm Equipment/Optical names such as EMKR, FNSR, NPTN, FN, CIEN; Optical Target Model Should Be Attainable Through New Products Alone; Optical Products Growth Target Model Should Be Attainable Through Improved Market Conditions; Strengthening Product Line Should Drive Comm Test; T&M Morphing into Service Enablement—Demand Shifting from Capex to OPEX Driven.

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 $15.17 yesterday.

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