Jefferies Reiterates a 'Buy' on JDS Uniphase (JDSU); Cutting Estimates
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Price: $10.87 --0%
Rating Summary:
10 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 16 | New: 19
Rating Summary:
10 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 16 | New: 19
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Jefferies reiterates a 'Buy' on JDS Uniphase (NASDAQ: JDSU) price target of $13.00 (from $15.00).
Analyst, James Kisner, said, "We’re reducing our estimates for JDS Uniphase in light of our checks (and recent vendor results) suggesting that the Wireline capex environment, particularly in N. America, remains challenged. However, we believe the nearterm risk reward of JDSU shares remains positive as investors have potentially given too much weight to poor guidance form Adtran (Nasdaq: ADTN) and Finisar (Nasdaq: FNSR)."
FY13 EPS estimate cut from $1.00 to $0.90 and FY13 revenues from $1.903B to $1.814B.
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 $9.00 yesterday.
Analyst, James Kisner, said, "We’re reducing our estimates for JDS Uniphase in light of our checks (and recent vendor results) suggesting that the Wireline capex environment, particularly in N. America, remains challenged. However, we believe the nearterm risk reward of JDSU shares remains positive as investors have potentially given too much weight to poor guidance form Adtran (Nasdaq: ADTN) and Finisar (Nasdaq: FNSR)."
FY13 EPS estimate cut from $1.00 to $0.90 and FY13 revenues from $1.903B to $1.814B.
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 $9.00 yesterday.
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