JDS Uniphase Corporation’s (JDSU) Coverage Initiated With Buy Rating

Analyst Chandan Sarkar at Auriga has initiated coverage of JDS Uniphase Corporation (NASDAQ: JDSU) with Buy rating. The price target for JDS Uniphase Corporation stock has been set at $15.

According to Auriga, the company is a market leader in the optical component space, compared to its competitors. The company provides investors with greater liquidity compared with other companies in the optical component space and has an operating model that already supports GAAP earnings.

JDS Uniphase is valued at a slight premium to its peers. However, Auriga believes that the premium is justified given the company’s position as a clear market leader in many optical component categories.