JDSU, formerly known as JDS Uniphase, is a company that specializes in providing fiber-optic technology, test and measurement solutions and services to communications service providers, network equipment manufacturers, and enterprise customers. The company was founded in 1997 and is headquartered in Milpitas, California. As of 2021, JDSU is part of Lumentum, a global leader in optical and photonic products.
JDSU’s Stock Price History
JDSU’s stock price has had a long and varied history. It has seen highs and lows, but overall it has been a steadily growing stock. When the company first went public in 1997, the stock price opened at $22.50 and steadily increased over the years. By the time the company merged with Lumentum in 2017, the stock price had risen to $14.77, representing a 547% increase in just 20 years. After the merger, the stock price rose to $20.02 and has continued to increase from there.
Factors Affecting JDSU’s Stock Price
The stock price of JDSU has been influenced by a variety of factors. The company’s success and growth in the fiber-optic technology market, its ability to innovate and develop new products and services, and its ability to expand into new markets have all helped to drive the stock price up over the years. Additionally, JDSU’s merger with Lumentum in 2017 has had a positive impact on the stock price, as the combined company is now a global leader in optical and photonic products.
JDSU’s Stock Price Outlook for 2023
JDSU’s stock price is expected to continue to rise in 2023. The company is continuing to expand its reach in the fiber-optic technology market and is well-positioned to capitalize on the growing demand for 5G infrastructure. Additionally, the merger with Lumentum has created a powerful global leader in optical and photonic products, which should continue to drive the stock price up. Overall, analysts are predicting that JDSU’s stock price will continue to increase steadily in 2023.
Investing in JDSU Stock
Given the positive outlook for JDSU’s stock price in 2023, it may be a good idea for investors to consider investing in the company’s stock. It is important to note, however, that investing in any stock carries some risk and investors should do their own research before investing. Additionally, investors should also consider diversifying their portfolios to reduce the risk of investing in any one stock.
Conclusion
JDSU’s stock price history has been one of steady growth over the years, driven by the company’s success in the fiber-optic technology market and its merger with Lumentum in 2017. Analysts are predicting that the stock price will continue to rise in 2023, making it a good investment option for investors looking to diversify their portfolios. However, investors should always do their own research before investing in any stock.