JDS Uniphase Corp (JDSU) Misses Q3 EPS by 1c

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JDS Uniphase (JDSU) Target, Estimates Cut at Piper Jaffray on 'Disappointing' Q3

May 1, 2014 7:32 AM EDT

Piper Jaffray analyst Troy Jensen reiterated an Overweight rating on JDS Uniphase (NASDAQ: JDSU) but cut his price target to $14.00 (from $16.00) following weak Q3 results.

Jensen commented, "JDSU reported disappointing March quarter results and issued guidance that was below consensus for the June quarter.... More