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Viavi Solutions Inc (VIAV.OQ)

VIAV.OQ on NASDAQ Stock Exchange Global Select Market

9.66USD
22 Feb 2018
Change (% chg)

$-0.15 (-1.53%)
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Latest Key Developments (Source: Significant Developments)

Viavi Announces Q2 GAAP Loss Per Share $0.02
Thursday, 1 Feb 2018 

Feb 1 (Reuters) - Viavi Solutions Inc ::VIAVI ANNOUNCES SECOND QUARTER FISCAL 2018 RESULTS.SEES Q3 2018 NON-GAAP EARNINGS PER SHARE $0.08 TO $0.10.Q2 GAAP LOSS PER SHARE $0.02.SEES Q3 2018 REVENUE $190 MILLION TO $210 MILLION.Q2 REVENUE FELL 2.3 PERCENT TO $201.8 MILLION.Q2 NON-GAAP EARNINGS PER SHARE $0.09."ANTICIPATE CONTINUED STRENGTH IN NETWORK TEST SPENDING AND BROADER 3D SENSING PRODUCT ADOPTION IN CALENDAR 2018".Q2 EARNINGS PER SHARE VIEW $0.07, REVENUE VIEW $185.8 MILLION -- THOMSON REUTERS I/B/E/S.Q3 EARNINGS PER SHARE VIEW $0.09, REVENUE VIEW $193.4 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Sandell Asset Management Corp releases open letter to CEO of Viavi solutions
Tuesday, 16 Aug 2016 

Sandell Asset Management Corp : Viavi should pursue sale of service enablement (se) business segment . "it is our belief that company would benefit from having additional members on board of directors" . "believe that there may be substantial private equity interest" in Viavi . Released a letter to Oleg Khaykin, ceo and president of Viavi solutions . Believe viavi should allocate "meaningful amount" of funds towards accelerated share repurchase program .Take-Private deal may be one path to consider for Viavi; alternatives involving equity sponsor should also be considered.  Full Article

Viavi Solutions Q4 GAAP loss per share $0.29 from Cont Ops
Thursday, 11 Aug 2016 

Viavi Solutions Inc : Q4 gaap loss per share $0.29 from continuing operations . Viavi announces fourth quarter and year end fiscal 2016 results . Sees Q1 2017 non-gaap earnings per share $0.06 to $0.08 . Q4 non-gaap earnings per share $0.10 from continuing operations . Q4 gaap loss per share $0.29 from continuing operations . Sees q1 2017 revenue $201 million to $217 million . Q4 revenue $224.1 million versus i/b/e/s view $220.4 million . Q4 earnings per share view $0.09 -- Thomson Reuters I/B/E/S . Will restate its previously issued financial statements for each of quarters ended october 3, 2015, january 2, 2016 and april 2, 2016 . Management determined that an error had occurred in company's calculation of income taxes . Tax calculation error did not impact previously reported cash from operating activities or non-gaap results . Qtrly gaap gross margin 60.7 percent versus 59.6 percent last year .Will amend its quarterly reports on form 10-q for quarters ended october 3, 2015, january 2, 2016 and april 2, 2016.  Full Article

Viavi Solutions Inc gives Q4 2016 guidance
Tuesday, 3 May 2016 

Viavi Solutions Inc:For Q4 2016, the Company expects non-GAAP net revenue to be $212 million to $228 million and non-GAAP earnings per share to be $0.08 to $0.10.  Full Article

BRIEF-VIAVI Increases Common Stock Repurchase Program From $150 Mln To $200 Mln

* VIAVI INCREASES COMMON STOCK REPURCHASE PROGRAM FROM $150 MILLION TO $200 MILLION