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Jds Uniphase Corporation
JDS Uniphase Corporation, with the stock ticker JDSU, was a public company based in the United States that focused on providing communication test and measurement solutions, as well as communications components and subsystems. However, it's important to note that JDS Uniphase Corporation no longer exists as a separate entity. In 2015, the company completed a separation into two independent, publicly traded companies: Luna Innovations Incorporated (LUNA) and Viavi Solutions Inc. (VIAV).
Prior to the separation, JDS Uniphase Corporation had a mixed track record in terms of earnings and growth. The company experienced significant growth in the early 2000s, driven by the demand for optical components and network infrastructure during the dot-com boom. However, it also faced challenges, including a decline in revenue and earnings following the dot-com crash and several acquisitions that did not meet expectations.
The two spun-off companies, Luna Innovations and Viavi Solutions, have different focuses and financial profiles.
Luna Innovations Incorporated (LUNA) specializes in developing and manufacturing fiber-optic sensing technology, photonics-based products, and test and measurement solutions. As a smaller entity, Luna Innovations has reported lower revenues compared to JDS Uniphase Corporation's heydays. However, Luna has shown consistent revenue growth in recent years. In Q4 2021, Luna Innovations reported revenue of $16.8 million, representing a 40.6% year-over-year increase.
Viavi Solutions Inc. (VIAV) is a provider of network test, monitoring, and assurance solutions for communication service providers, enterprises, and network equipment manufacturers. Viavi Solutions is a larger entity, and its financials are more comparable to JDS Uniphase Corporation's. Viavi Solutions has reported mixed financial results in recent years, with fluctuations in revenue and earnings. In Q2 2022, Viavi Solutions reported revenue of $294.6 million, which was a 1.4% year-over-year decrease.
Investors interested in JDS Uniphase Corporation's business should consider looking into Luna Innovations and Viavi Solutions, as they are the successor companies. It's crucial to conduct thorough research and analysis, as the performance and prospects of the two companies differ significantly.