Jefferies Defends JDS Uniphase (JDSU)
Tweet
Share
E-mailGet Alerts JDSU Hot Sheet
Price: $10.87 --0%
Rating Summary:
10 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
10 Buy, 9 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Join SI Premium – FREE
Jefferies reiterated a Buy rating on JDS Uniphase (NASDAQ: JDSU) following the company's Q1 earnings report. The report showed in line EPS, though guidance was disappointing.
"We were encouraged to hear that JDSU still expects to have the underlying structure in place to deliver their operating model in CommTest – which calls for dramatically higher profitability – in the December quarter even though revenues aren't yet expected to hit the level to deliver the full potential of that model," said analyst James Kisner.
He thinks JDS Uniphase can grow earnings at a faster rate than peers as they ramp new higher-margin products such as PacketPortal in CommTest and Fiber Lasers in CCOP.
Jefferies has a $13 price target on JDS Uniphase.
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 $10.33 yesterday.
"We were encouraged to hear that JDSU still expects to have the underlying structure in place to deliver their operating model in CommTest – which calls for dramatically higher profitability – in the December quarter even though revenues aren't yet expected to hit the level to deliver the full potential of that model," said analyst James Kisner.
He thinks JDS Uniphase can grow earnings at a faster rate than peers as they ramp new higher-margin products such as PacketPortal in CommTest and Fiber Lasers in CCOP.
Jefferies has a $13 price target on JDS Uniphase.
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 $10.33 yesterday.
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS ViewRelated Entities
Jefferies & Co, EarningsSign 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!
