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VIAV

Viavi

$14.92

0.81 (5.74%)

07:03
09/12/19
09/12
07:03
09/12/19
07:03

Viavi raises Q1 non-GAAP EPS view to 15c-17c from 14c-16c, consensus 15c

Raises Q1 revenue view to $282M-$294M from $273M-$293M, consensus $283.2M.

VIAV Viavi
$14.92

0.81 (5.74%)

04/22/19
JPMS
04/22/19
NO CHANGE
JPMS
JPMorgan a buyer of Ciena and Lumentum into Q1 results, downgrades Sensata
JPMorgan analyst Samik Chatterjee names Ciena (CIEN) and Lumentum (LITE) his top Networking Equipment picks into the Q1 reporting season. The analyst is a buyer of both stocks into the prints. Following the rallies year-to-date, investors might need to be more selective relative to opportunities for further share price upside heading into earnings, Chatterjee tells investors in a pre-earnings research note. He believes the overall capital expenditure environment remains positive and that momentum into 5G investment spend appears to be building, particularly in North America. This is likely provide greater visibility to companies relative to their already stated full-year targets, says Chatterjee. However, with investor optimism around 5G infrastructure investment as well as the positive impact on growth from a potential U.S.-China trade deal, the analyst expects share price performances to be largely muted on the back of Q1 earnings. Nonetheless, he sees upside opportunity in both Ciena and Lumentum. Chatterjee also reinstated coverage of CommScope (COMM) and upgraded the shares to Overweight from Neutral, upgraded Viavi Solutions (VIAV) to Neutral from Underweight, and downgraded Sensata (ST) to Neutral from Overweight. A further multiple re-rating of Sensata shares appears unlikely in an environment of moderating auto production this year, contends the analyst.
04/22/19
04/22/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. IPG Photonics (IPGP) upgraded to Buy from Neutral at BofA/Merrill. 2. Caleres (CAL) upgraded to Buy from Hold at Needham with analyst Rick Patel saying that his recent meeting with its CEO and CFO have given him an added confidence about the FY19 EPS guidance being "achievable and likely beatable." 3. Viavi (VIAV) upgraded to Neutral from Underweight at JPMorgan with analyst Samik Chatterjee saying the "buildup of industry tailwinds" in the form of 5G network deployments as well as fiber densification and adoption of 3D Sensing should drive medium-term growth above expectations. 4. Alcoa (AA) upgraded to Buy from Hold at Gabelli. 5. Lam Research (LRCX) upgraded to Buy from Neutral at B. Riley FBR with analyst Craig Ellis saying he sees "increasingly visible recent signs" of a cyclical trough in Q1. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/16/19
JPMS
07/16/19
NO CHANGE
JPMS
JPMorgan favors Ciena, Lumentum and Viavi into Q2 reports
JPMorgan analyst Samik Chatterjee previewed the Q2 earnings reports for the Networking Equipment/IT Hardware space. The analyst favors suppliers with greater exposure to service provider customers, as he's increasingly confident of a spending ramp towards 5G preparedness, relative to suppliers with higher than average exposure to either cable customers or cloud customers, where he believes visibility relative to timing of recovery in customer capex remains low. Chatterjee's top picks going into Q2 earnings are Ciena (CIEN), Lumentum (LITE), and Viavi (VIAV). He's cautious on Arista Networks (ANET) and F5 Networks (FFIV) due to "company-specific challenges" relative to the competitive landscape with the entry of VMware (VMW) into the application delivery controllers market.
08/16/19
STFL
08/16/19
NO CHANGE
Target $15
STFL
Buy
Viavi guidance appears conservative, says Stifel
Stifel analyst John Marchetti said Viavi management "struck a conservative tone" on expectations for the year, but he expects positive 2020 estimate revisions as production and field test contributions add to what he expects to be continued strong wireless and fiber test demand. While he lowered his revenue estimates on a reduced growth outlook for 3D sensing to reflect his expectation for slower Android growth given Huawei's difficulties in meeting handset shipment goals, Marchetti keeps a Buy rating and $15 price target on Viavi shares.

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