JDS Uniphase target raised to $10 from $7 at RBC Capital
RBC Capital believes that JDS Uniphase's multiple can increase due to its improving service provider visibility and operating expense controls. However, the firm maintains a Sector Perform rating on the stock. :theflyonthewall.com
News For JDSU From The Last 14 Days
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JDSU February and March 15 calls are active on total call volume of 7K contracts (1K puts) following renewed takeover speculation. February call option implied volatility is at 52, March is at 49; below its 26-week average of 63 according to Track Data. Elevated volume and volatility suggests larger price movement. :theflyonthewall.com
Today's noteworthy downgrades include: Autoliv (ALV) downgraded to Sell from Buy at Citigroup...JDSU (JDSU) downgraded to Neutral from Buy at UBS...Vanguard Health (VHS) downgraded to Market Perform from Outperform at Wells Fargo...Steel Dynamics (STLD) downgraded to Neutral from Buy at BofA/Merrill...AK Steel (AKS) downgraded to Underperform from Neutral at BofA/Merrill...Northrop Grumman (NOC) downgraded to Underperform from Neutral at BofA/Merrill...Sykes Enterprises (SYKE) downgraded to Neutral from Outperform at RW Baird...NYSE Euronext (NYX) downgraded to Market Perform from Outperform at BMO Capital...QuinStreet (QNST) downgraded to Hold from Buy at ThinkEquity...Edwards Lifesciences (EW) downgraded to Neutral from Outperform at Credit Suisse...Ann Inc. (ANN) downgraded to Underweight from Neutral at Piper Jaffray...Johnson & Johnson (JNJ) downgraded to Market Perform from Outperform at First Global. :theflyonthewall.com
JDSU February volatility increases into Q2 results and outlook
JDSU February put option implied volatility is at 71, March is at 58; compared to its 26-week average of 64 according to Track Data, suggesting larger near term price movement into the expected release of Q2 results today after the market close. :theflyonthewall.com