JDSU price target lowered to $12 from $14 at Piper Jaffray Piper Jaffray reduced its target on JDSU after the company provided lower than expected Q2 revenue guidance. However, the firm thinks the company is gaining share and views current levels in JDSU and other optical stocks as attractive entry points. The firm maintains an Overweight rating on the shares.
JDSU issues statement in response to Sandell Asset Management JDSU ssued the following statement: "The JDSU Board of Directors remains committed to acting in the best interest of all shareholders and to strong corporate governance. Consistent with the Board's historical approach of regularly reviewing corporate governance best practices, and after discussions with many of the company's shareholders both before and after the December 2014 Annual Meeting, the company undertook an evaluation of potential changes to the advance notice provisions of the company's bylaws. The Board expects to finalize its decision on any such changes in this calendar quarter following additional shareholder outreach. As JDSU continues to execute on its previously announced separation, the Board remains committed to evaluating all opportunities for additional or greater value creation. Goldman Sachs and Centerview Partners are serving as financial advisors and DLA Piper is serving as legal counsel to JDSU."