Viavi Announces Third Quarter Fiscal 2017 Results

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Go back to Viavi Announces Third Quarter Fiscal 2017 Results

Viavi Solutions (VIAV) PT Raised to $9.50 at Stifel; Beat, But N.A. Service Provider Headwinds Remain

May 3, 2017 8:22 AM EDT

Stifel raised its price target on Viavi Solutions (NASDAQ: VIAV) to $9.50 (from $8.50) while maintaining a Hold rating following Q1 revenue below and EPS above expectations.

Analyst Patrick Newton notes North American service provider headwinds despite the beat. He is lowering FY17 and FY18... More

Viavi Solutions (VIAV) Tops Q3 EPS by 2c

May 2, 2017 4:21 PM EDT

Viavi Solutions (NASDAQ: VIAV) reported Q3 EPS of $0.09, $0.02 better than the analyst estimate of $0.07. Revenue for the quarter came in at $196 million versus the consensus estimate of $196.82 million.

GAAP and Non-GAAP net revenue of $196.0 million, down $24.4 million or (11.1)% year-over-yearGAAP operating margin of (7.8)%, down 1,110 bps... More