Single Column Posts

3 min read

Jeff Horn and Tim Tszyu will be aired live in the United States, as ESPN+ have picked up the fight, which will stream at 5...

5 min read

Indy 500 live: In a normal season is that the finale of what is commonly known as the Month of May in IndyCar racing. The...

4 min read

PSG vs RB Leipzig Live :Are two clubs which have made many enemies among football fans, but maybe not to the way they playwith. On...

4 min read

RB Leipzig v Paris Saint-Germain live stream: How to watch Champions League clash for free – kick-off time, TV Channel and radio coverage.Semifinals start Tuesday...

4 min read

Nets vs Raptors live :After two weeks of seeding games, the action inside the bubble at Disney World will continue with the 2020 NBA Playoffs....

3 min read

Raptors vs Nets Live : After Fourteen Days of seeding Matches, the action in the bubble at Disney World will last using the 2020 NBA...

4 min read

The Utah Jazz do Not have a Solid track record Contrary to the Denver Nuggets this season. Denver won all three matchups this season, all...

5 min read

Barcelona player talks about tonight's Champions League quarter-final against his former club Bayern Munich. The midfielder is well-known for his self-sacrificing style of drama and...

5 min read

Present Barcelona player talks about tonight's Champions League quarter-final against his former team -- Bayern Munich. The midfielder is well-known for his self-sacrificing style of...

6 min read

Current Barcelona player talks about tonight's Champions League quarter-final against his former team -- Bayern Munich. The midfielder is well known for his self-sacrificing manner...

October 24, 2020

The Post Wired

News On Trending

Earnings Spotlight: VIAVI (NASDAQ: VIAV)

Spread the love

VIAVI (NASDAQ: VIAV) augmented 0.36% to trade at $ 11.03 in the recent trading session and its total traded volume was 2262562 shares versus to an average volume of 2.04M. The company has market cap of $2.50B. The stock has positive monthly performance of 7.40% while its yearly performance remained 7.98%.

The stock demonstrated a positive move of 3.96% in previous 5 days graph. Its quarterly performance remained in the green with the percentage of 9.53%, while its year to date performance showed that the stock jumped overall 26.20% The 52 week range of the stock was $8.34 – 11.18.The Company has an insider ownership of 0.20% and institutional ownership remained 93.80%. Its return on investment (ROI) for the last 12 month was -0.50% and its return on equity (ROE) of 4.10% for the last 12 months while return on assets (ROA) is at 1.60%.

VIAVI (NASDAQ: VIAV) recently reported results for its fourth fiscal quarter ended June 30, 2018.

Fourth quarter of fiscal 2018 net revenue was $264.0 million. GAAP net loss was $(28.8) million, or $(0.13) per share. Non-GAAP net income was $31.7 million, or $0.14 per share.

Third quarter of fiscal 2018 net revenue was $219.4 million. GAAP net loss was $(8.7) million or $(0.04) per share. Non-GAAP net income was $29.2 million, or $0.13 per share.

Fourth quarter of fiscal 2017 net revenue was $198.1 million. GAAP net income was $12.1 million, or $0.05 per share. Non-GAAP net income was $26.9 million, or $0.12 per share.

Oleg Khaykin, VIAVI’s President and Chief Executive Officer said “VIAVI executed well on its strategic priorities in fiscal year 2018.  We improved NSE revenue quality, resulting in operating margin expansion, and increased revenue scale with the acquisitions of Trilithic and the recent T&M businesses of Cobham. We also diversified OSP’s profit profile with the successful launch of 3D Sensing products. The 3D Sensing revenue is expected to see continued strong growth in fiscal year 2019”.  “Q4 had a strong finish as revenue, non-GAAP operating margin and EPS exceeded the midpoint guidance range.”

Khaykin added, “Looking ahead to fiscal 2019, we are optimistic on several macro industry trends that is expected to further drive revenue and profitability growth for VIAVI through increased Fiber-to-the-Home deployment, 5G wireless deployment and further adoption of 3D Sensing on mobile devices.”