Stock News Summary: VIAVI (NASDAQ:VIAV)

VIAVI (NASDAQ:VIAV) spotted trading -2.42% off 52-week high price. On the other end, the stock has been noted 62.38% away from the low price over the last 52-weeks. The stock changed 1.36% to recent value of $14.89. The stock transacted 2993625 shares during most recent day however it has an average volume of 1985.23K shares. The company has 230.13M of outstanding shares and 228.18M shares were floated in the market.

On Oct. 30, 2019, VIAVI (NASDAQ:VIAV) disclosed results for its first fiscal quarter ended September 28, 2019.

First quarter of fiscal 2020 net revenue was $299.8 million. GAAP net income was $6.8 million, or $0.03 per share. Non-GAAP net income was $42.9 million, or $0.18 per share.

Fourth quarter of fiscal 2019 net revenue was $289.7 million. GAAP net income was $12.5 million or $0.05 per share. Non-GAAP net income was $40.1 million, or $0.17 per share.

First quarter of fiscal 2019 net revenue was $268.5 million. GAAP net loss was $(15.3) million, or $(0.07) per share. Non-GAAP net income was $35.2 million, or $0.15 per share.

VIAVI executed well in fiscal Q1 2020 with revenue, non-GAAP operating margin, and non-GAAP EPS exceeding the updated guidance from our September 2019 Analyst Day event, said Oleg Khaykin, VIAVI’s President and Chief Executive Officer.  Both NSE and OSP business segments exceeded our expectations, driven by strong customer demand.

Financial Overview:

The tables below (in millions, except percentage, and per share data) provide comparisons of quarterly results to prior periods, including sequential quarterly and year-over-year changes. A full reconciliation between the GAAP and non-GAAP measures included in the tables is contained in this release under the section titled Use of Non-GAAP (Adjusted) Financial Measures.

Its earnings per share (EPS) expected to touch remained 115.80% for this year while earning per share for the next 5-years is expected to reach at 15.00%. VIAV has a gross margin of 57.60% and an operating margin of 6.00% while its profit margin remained 0.50% for the last 12 months.

According to the most recent quarter its current ratio was 3.2 that represents company’s ability to meet its current financial obligations. The price moved ahead of 3.40% from the mean of 20 days, 4.49% from mean of 50 days SMA and performed 12.33% from mean of 200days price. Company’s performance for the week was -1.00%, 9.81% for month and YTD performance remained 48.16%.

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