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Viavi Solutions Inc (VIAV.OQ)

VIAV.OQ on NASDAQ Stock Exchange Global Select Market

8.82USD
8 Dec 2017
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Latest Key Developments (Source: Significant Developments)

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

Viavi Solutions Inc appoints Oleg Khaykin as Chief Executive Officer
Tuesday, 2 Feb 2016 

Viavi Solutions Inc:Appointed Oleg Khaykin as its new President and Chief Executive Officer, effective February 3, 2016.Oleg Khaykin will replace interim President and CEO Richard E. Belluzzo, who will continue his position as Chairman of the Board of Directors.  Full Article

Viavi Solutions Inc gives Q3 2016 guidance in line with analysts' estimates
Tuesday, 2 Feb 2016 

Viavi Solutions Inc:Says for Q3 2016 ending April 2, 2016, expects non-GAAP net revenue to be $210 million to $226 million and non-GAAP earnings per share to be $0.07 to $0.09.Q3 2016 revenue of $213 million and EPS of $0.07 - Thomson Reuters I/B/E/S.  Full Article

Viavi Solutions Inc board of directors has authorized a program to repurchase up to $100 million of the company's common stock
Tuesday, 2 Feb 2016 

Viavi Solutions Inc:Board of directors has authorized a program to repurchase up to $100 million of the company's common stock through open market or private transactions between now and February 1, 2017.  Full Article

BRIEF-Viavi Solutions says ‍MTS 5800-100g network testing solution has been selected by Telstra​

* Viavi Solutions Inc - ‍mts 5800-100g network testing solution has been selected by Telstra​ Source text for Eikon: Further company coverage: