Entering text into the input field will update the search result below

Viavi +5.3% as strong revenues lead to Q2 beat

Feb. 05, 2019 5:05 PM ETViavi Solutions Inc. (VIAV) StockBy: Jason Aycock, SA News Editor1 Comment
  • Viavi Solutions (NASDAQ:VIAV) is up 5.3% postmarket after revenues jumped nearly 50% and topped consensus and the company jumped to a GAAP profit vs. a break-even quarter a year ago.
  • Net income/share rose to $0.07 from last quarter's -$0.07 and $0.00 a year ago.
  • Gross margin was near flat at 58% vs. a year-ago 58.1% (and up from last quarter's 56%).
  • Operating margin however jumped 730 basis points to 10.7%, and operating income rose 377% to $32.9M.
  • Revenue by segment: Network Enablement, $195.5M (up 60.2%); Service Enablement, $28.2M (down 19.9%); Optical Security and Performance Products, $83.2M (up 72.6%).
  • As of Dec. 29, it had $502.7M in cash and investments; for the quarter it generated $41.5M in cash from operations.
  • It's guiding to Q3 revenues of $247M-$267M (vs. consensus for $256.6M) and EPS of $0.11-$0.13 (in line with consensus for $0.12).
  • Previously: Viavi Solutions beats by $0.06, beats on revenue (Feb. 05 2019)
  • Press release

Recommended For You

About VIAV Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
VIAV--
Viavi Solutions Inc.