Will This Analyst Downgrade Hurt JDS Uniphase (JDSU) Stock Today?

NEW YORK (TheStreet) -- Argus downgraded JDS Uniphase  (JDSU) to "hold" from "buy." The firm said the company has uncertain sales prospects for its network service enablement business.

The stock closed at $10.94 on Thursday.

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Separately, TheStreet Ratings team rates JDS UNIPHASE CORP as a "hold" with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate JDS UNIPHASE CORP (JDSU) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself."

You can view the full analysis from the report here: JDSU Ratings Report

JDSU Chart JDSU data by YCharts

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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