Goldman Sachs Starts JDS Uniphase (JDSU) at Buy
Tweet Send to a FriendGet Alerts JDSU Hot Sheet
Price: $13.85 -0.29%
Rating Summary:
12 Buy, 8 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Rating Summary:
12 Buy, 8 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Trade JDSU Now!
Goldman Sachs initiates coverage on JDS Uniphase (NASDAQ: JDSU) with a Buy and $14 price target, suggesting 30% upside.
"We view JDSU as a way to invest into a snap-back in North American carrier capex and improving customer inventories, with some upside potential from currency note redesigns in major currencies," the analyst said.
Given the high high correlation of JDSU CommTest and CCOP revenues with North American carrier capex, Goldman sees 2HCY12 non-GAAP EPS 8% above consensus, and estimate a CY2011-14E EPS CAGR of 15%.
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 $10.77 yesterday, with a 52 week range of $8.47-$15.17.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
"We view JDSU as a way to invest into a snap-back in North American carrier capex and improving customer inventories, with some upside potential from currency note redesigns in major currencies," the analyst said.
Given the high high correlation of JDSU CommTest and CCOP revenues with North American carrier capex, Goldman sees 2HCY12 non-GAAP EPS 8% above consensus, and estimate a CY2011-14E EPS CAGR of 15%.
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 $10.77 yesterday, with a 52 week range of $8.47-$15.17.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Topeka Capital Sees Attractive Entry in Ducommun (DCO); Starts at Buy
- Deutsche Bank Starts Taylor Morrison Home (TMHC) at Hold, Says 'Risks Downplayed'
- UPDATE: Michael Kors (KORS) Under-Appreciated; Canaccord Genuity Starts at Buy
Create E-mail Alert Related Categories
Hot New Coverage, New CoverageRelated Entities
Goldman Sachs
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
