Viavi Solutions, formerly JDSU, announced the completion of the spinoff of its Communications and Commercial Optical Product business segment on August 1, 2015.
With the spinoff complete, JDSU’s Network Enablement, Service Enablement and Optical Security and Performance Products businesses were renamed Viavi.
Viavi will commence “regular-way” trading on the NASDAQ Stock Market on August 4, 2015 under the ticker symbol VIAV. The JDSU ticker symbol will be retired from trading at the close of market today, August 3, 2015.
“This is an important milestone as we mark the successful completion of the spinoff,” said Tom Waechter, Viavi’s President and CEO. “Viavi is poised to capture the opportunities created by the industry’s transition to new network architectures and the need for increased network and application visibility. We believe that the spinoff will improve Viavi’s agility and increase focus, allowing us to accelerate our progress and deliver for our customers and shareholders.”
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