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.”

Default image
William Wall
William Wall is a self-taught investor and follows the value investing approach to picking stocks. He possesses over 10 years of investment experience, an M.B.A. from Louisiana State University, and is also certified in Risk Management Assurance. William is a Certified Internal Auditor, Data Miner, and author with a career broadly spanning over multiple business areas. He has exploited those observations and developed investment tactics within a fundamentally sound long-term investment strategy. He currently covers Earnings News category for our site. Address: 4188 Spadafore Drive, Erie, Pennsylvania Phone number: 814-705-9247 Email: WilliamWall@thepostwired.com   
Articles: 81

Leave a Reply

Physical Address

304 North Cardinal St.
Dorchester Center, MA 02124