JDSU (Update)
JDS Uniphase Corporation
TMT
04/10/2014
Presented
| Date | 04/08/2014 |
| Price | $13.51 |
| Market Cap | $3.16B |
| Ent Value | $2.65B |
| P/E Ratio | N/A |
| Book Value | $4.88 |
| Div Yield | N/A |
| Shares O/S | 233.50M |
| Ave Daily Vol | 4,440,000 |
| Short Int | 3.08% |
Current
| Price | $9.20 |
| Market Cap | $2.05B |
| JDS Uniphase Corporation provides communications test and measurement solutions, and optical products for telecommunications service providers, wireless operators, cable operators, network-equipment manufacturers, original equipment manufacturers, enterprises, government organizations, distributors, and strategic partners worldwide. The company’s Network and Service Enablement segment offers network and service enablement solutions that enable the design, development, deployment, and maintenance of communication equipment and networks. This segment’s product portfolio consists of test tools, platforms, microprobes, software, and services for wireless and fixed networks. Its Communications and Commercial Optical Products segment provides components, modules, subsystems, and solutions to communications equipment providers for telecommunications and enterprise data communications. This segment’s products comprise transmitters, receivers, amplifiers, ROADMs, optical transceivers, multiplexers and demultiplexers, switches, optical-performance monitors and couplers, splitters, and circulators that enable the transmission of video, audio, and text data through fiber-optic cables. It also provides laser products, such as diode, direct-diode, diode-pumped solid-state, fiber, and gas lasers for micromachining, materials processing, bioinstrumentation, consumer electronics, graphics, medical/dental, and optical pumping applications. The company’s Optical Security and Performance Products segment offers optical security solutions for serving the anti-counterfeiting market for the currency, pharmaceutical, and consumer electronic segments; and thin-film coating solutions for 3D and gesture-recognition applications. JDS Uniphase Corporation was founded in 1979 and is headquartered in Milpitas, California. |
Please note, this is an update to LONG — JDS Uniphase Corporation (JDSU), which was originally presented on 9/13/2013.
Highlights
The presenter remains long shares of JDS Uniphase (JDSU), and said the long thesis remains intact. Telecom and datacom spend have been ok, with the latter being stronger of late. JDSU’s upside remains levered to China’s 4G expansion and the base station build out by the likes of China Mobile. The backhaul that needs to be put up will provide a lot of exposure for the JDSU in the future.
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