Back to top

Analyst Blog

JDS Uniphase Corp. (JDSU - Analyst Report), the leading provider of communications test and measurement solutions, declared that it has completed the sale of its holographic security business to OpSec Security Inc. The deal, which was announced on September 19 this year, marks an exit of JDSU from the holographic security business as the company intends to concentrate on its core businesses.

The holographic security product line primarily addresses the transaction card market segment and generated revenues of approximately $5.0 million per quarter for JDSU. As part of the deal, 75 employees of JDSU, who are associated with the Hologram business will be transferred to OpSec Security Inc. However, the financial terms of the deal were not disclosed by either of the companies.

Apart from serving the communication industry, JDSU is emphasizing on serving the anti-counterfeiting market primarily through advanced security pigments, thread substrates and printed features for the currency, pharmaceutical and consumer electronic segments. Management believes exiting the holographic business will allow it to focus on innovating and developing new products for the anti-counterfeiting market.

The company is increasing its presence in the Communication Test and Measurement segment as it faces stiff competition in the Optical Networking component sector from the likes of Finisar Corp. (FNSR - Snapshot Report), Oplink Communications Inc. (OPLK - Snapshot Report) and Oclaro Inc. (OCLR - Snapshot Report). The divesture of the holographic business will allow the company to focus more on its Wireless backhaul services and Long Term Evolution (LTE) test solutions to the telecom carriers.

We maintain our long-term Neutral recommendation on JDS Uniphase Corp. The company also retains a Zacks #3 Rank, implying a short-term Hold rating.

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
TRIQUINT SE… TQNT 20.67 +6.52%
RF MICRO DE… RFMD 12.47 +6.04%
VASCO DATA… VDSI 14.77 +4.68%
STRATTEC SE… STRT 80.24 +3.00%
PATTERSON-U… PTEN 34.54 +2.98%