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Last $5.61 USD
Change Today +0.10 / 1.81%
Volume 517.1K
As of 11:10 AM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

viavi solutions inc (VIAV) Snapshot

Open
$5.54
Previous Close
$5.51
Day High
$5.61
Day Low
$5.51
52 Week High
12/19/14 - $8.10
52 Week Low
08/24/15 - $4.99
Market Cap
1.3B
Average Volume 10 Days
3.3M
EPS TTM
$-0.17
Shares Outstanding
235.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for VIAVI SOLUTIONS INC (VIAV)

viavi solutions inc (VIAV) Related Businessweek News

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viavi solutions inc (VIAV) Details

Viavi Solutions Inc. engages in the network enablement, service enablement, and communications and commercial optical products businesses. The company’s Network Enablement segment provides an integrated portfolio of testing solutions that access the network to perform build out and maintenance tasks. This segment’s solutions include instruments, software, and services to design, build, turn-up, certify, troubleshoot, and optimize networks. Its Service Enablement segment offers embedded systems and enterprise performance management solutions for global service providers, enterprises, and cloud operators. These solutions primarily consist of instruments, microprobes, and software, which monitor, collect, and analyze network data to reveal the actual customer experience and to identify opportunities for new revenue streams and network optimization. The company’s Communications and Commercial Optical Products segment provides optical components, modules, subsystems, and solutions for telecom and data communications, network equipment manufacturers, and traditional and cloud/data center service providers. This segment’s transmission products primarily consist of optical transceivers, optical transponders, and their supporting components, such as modulators and source lasers; and transport products comprise modules or sub-systems containing optical amplifiers, reconfigurable optical add/drop multiplexers or wavelength selective switches, optical channel monitors, and their supporting components. The company was formerly known as JDS Uniphase Corporation and changed its name to Viavi Solutions Inc. in August 2015. Viavi Solutions Inc. was founded in 1979 and is headquartered in Milpitas, California.

4,900 Employees
Last Reported Date: 08/25/15
Founded in 1979

viavi solutions inc (VIAV) Top Compensated Officers

Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $433.8K
President of Communications & Commercial Opti...
Total Annual Compensation: $555.2K
Senior Vice President and General Manager of ...
Total Annual Compensation: $313.8K
Consultant
Total Annual Compensation: $800.0K
Compensation as of Fiscal Year 2014.

viavi solutions inc (VIAV) Key Developments

Viavi Solutions Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended June 27, 2015; Provides Earnings Guidance for the First Quarter Ending October 3, 2015

Viavi Solutions announced unaudited consolidated earnings results for the fourth quarter and full year ended June 27, 2015. GAAP net revenue for fiscal 2015 fourth quarter was $427.7 million, with net loss of $37.3 million, or $0.16 per share. Prior quarter GAAP net revenue was $410.7 million, with net loss of $13.2 million, or $0.06 per share. GAAP net revenue for fiscal 2014 fourth quarter was $448.6 million, with net loss of $25.4 million, or $0.11 per share. Non-GAAP net revenue for fiscal 2015 fourth quarter was $427.7 million, with net income of $29.8 million, or $0.13 per share. Prior quarter non-GAAP net revenue was $410.7 million, with net income of $27.6 million, or $0.12 per share. Non-GAAP net revenue for fiscal 2014 fourth quarter was $448.6 million, with net income of $34.2 million, or $0.14 per share. Loss from operations was $23.2 million against $16.5 million a year ago. Loss before income taxes was $29.6 million against $24.8 million a year ago. EBITDA was $9.5 million against $18.2 million a year ago. Adjusted EBITDA was $55.7 million against $57.7 million a year ago. GAAP net revenue for fiscal 2015 was $1,709.1 million, with net loss of $85.3 million, or $0.37 per share. GAAP net revenue for fiscal 2014 was $1,743.2 million, with net loss of $17.8 million, or $0.08 per share. Non-GAAP net revenue for fiscal 2015 was $1,709.1 million, with net income of $126.6 million, or $0.53 per share. Non-GAAP net revenue for fiscal 2014 was $1,743.2 million, with net income of $133.1 million, or $0.56 per share. Loss from operations was $49.5 million against $1.7 million a year ago. Loss before income taxes was $80.1 million against $30.9 million a year ago. EBITDA was $90.5 million against $129.8 million a year ago. Adjusted EBITDA was $229.9 million against $223.3 million a year ago. For first quarter ending October 3, 2015, as a whole, the company expects fiscal first quarter revenue to be $212 million, plus or minus $8 million, and non-GAAP operating margin to be approximately 9%, plus or minus 1.5 percentage points. On a non-GAAP EPS basis, the company’s guidance is $0.06 per share, plus or minus $0.02. Meanwhile, the company is clear, it will need to continue to focus on and deliver higher profitability. The company’s operating margin for fiscal 2013 to 2015 has been steady at 8.7%. The company expects to beat that slightly as Viavi in the first quarter despite much lower revenue for NSE and the fact that the first quarter is a 14-week quarter, with approximately $8 million of additional OpEx with its correspondingly higher revenue. The company expects to improve further through fiscal 2016 to a second half range of 12% to 14%, with further improvements thereafter coming from its cost-reduction programs.

Viavi Solutions Inc. Announces Executive Changes

Viavi Solutions Inc. has appointed Amar Maletira as its new Executive Vice President and Chief Financial Officer, effective September 9, 2015. Mr. Maletira will replace Rex S. Jackson, who announced earlier this year his planned departure on September 30, 2015 following the completion of the separation of Viavi and Lumentum. Mr. Maletira brings more than 20 years of experience in the technology industry to Viavi. He most recently served as Vice President and Chief Financial Officer of Americas Enterprise Services group at Hewlett-Packard.

Viavi Solutions Inc. Files Certificate of Amendment to the Fourth Restated Certificate of Incorporation

Effective as of the Effective Time on August 1, 2015, Viavi Solutions Inc. filed a Certificate of Amendment to the Fourth Restated Certificate of Incorporation of JDS Uniphase Corporation to change its name from JDS Uniphase Corporation to Viavi Solutions Inc. Effective upon the filing of the Amendment, the company amended and restated its Bylaws to reflect the change of the company’s name from JDSU to Viavi. The Amended Bylaws do not include any changes other than the change to the Company’s name.

 

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VIAV

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Valuation VIAV Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.7x
Price/Book 1.2x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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