Needham & Company Starts JDS Uniphase (JDSU) at Hold; Strong Products In A Weak Sector - Challenging Conditions

Needham & Company initiates coverage on JDS Uniphase (NASDAQ: JDSU) with a Hold.

Analyst, Alex Henderson, said, "While we would like to recommend JDSU, recognizing that the stock looks cheap, we are hesitant due to the slowing business conditions and the realization that there are a lot of cheap stocks currently assuming the “E” in their “P/Es” are right...On the Telecom side, 100G coherent is strong but the rest of the market seems stuck in neutral. While we see pockets of strength, we see as many offsetting pockets of weakness."

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 $9.03 yesterday.

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