|Over a week ago |
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Viavi announces AVX-10K Flight Line Test Set approved for use on Boeing aircraft » 06:5103/1403/14/23
Viavi Solutions (VIAV)…
Viavi Solutions (VIAV) announced the AVX-10K Flight Line Test Set has been approved for use on all Boeing (BA) commercial aircraft where the IFR4000 and IFR6000 had previously been approved.
|Over a month ago|
Viavi price target lowered to $13.50 from $14.50 at B. Riley » 07:4702/0302/03/23
B. Riley analyst Dave…
B. Riley analyst Dave Kang lowered the firm's price target on Viavi to $13.50 from $14.50 and keeps a Neutral rating on the shares post the Q2 results.
Viavi sees Q3 adjusted EPS 10c-12c, consensus 11c » 16:1902/0202/02/23
Sees Q3 revenue…
Sees Q3 revenue $256M-$276M, consensus $263.33M.
Viavi announces restructuring plan, to cut 5% of global workforce » 16:1802/0202/02/23
On February 1, the…
On February 1, the company approved a restructuring and workforce reduction plan intended to improve operational efficiencies and better align the company's workforce with current business needs and strategic growth opportunities. The company expects approximately 5% of its global workforce to be affected and estimates it will incur charges of approximately $15M in connection with the Plan. The company anticipates the Plan to be substantially complete by the end of fiscal 2023.
Viavi reports Q2 adjusted EPS 14c, consensus 11c » 16:1702/0202/02/23
Reports Q2 revenue…
Reports Q2 revenue $284.5M, consensus $271.49M.
|Over a quarter ago|
Viavi price target lowered to $11 from $13 at JPMorgan » 06:2812/2012/20/22
JPMorgan analyst Samik…
JPMorgan analyst Samik Chatterjee lowered the firm's price target on Viavi to $11 from $13 and keeps a Neutral rating on the shares. His 2023 networking and hardware outlook includes a shorter term six-month view on stock recommendations. Chatterjee prefers the combination of revenue/earnings resilience, backlog led visibility into revenues, and diversification of growth drivers within his coverage universe. This leads him to recommend Juniper (JNPR) and Amphenol (APH) as top picks and Analyst Focus List recommendations, and Keysight (KEYS), Arista (ANET), CDW (CDW), and Fabrinet (FN) as other stock recommendations for the first half of 2023.
Viavi initiated with a Hold at Stifel » 16:1312/0112/01/22
Stifel analyst Ruben Roy…
Stifel analyst Ruben Roy initiated coverage of Viavi with a Hold rating and $12 price target. He is positive on the longer-term growth prospects for the provider of network test, monitoring and assurance solutions, but believes Viavi's large service provider customers have slowed near-to-medium term spending plans due to macro headwinds. He expects a cautious spending environment to continue into 2023, the analyst added.
Clearfield price target raised to $135 from $122 at Lake Street » 08:4311/1811/18/22
Lake Street analyst…
Lake Street analyst Jaeson Schmidt raised the firm's price target on Clearfield (CLFD) to $135 from $122 and keeps a Buy rating on the shares after the company reported fiscal Q4 revenue that came in 33% above consensus' estimate and EPS that was 42% higher. The "massive guide" for FY23 revenue to grow 40%-45% year-over-year "will unsurprisingly get the most attention," especially after concerns following Viavi Solutions' (VIAV) results two weeks ago, said Schmidt. However, he believes management is "baking in a healthy amount of conservatism" and reminds investors they previously ended up raising FY22 guidance four times.
Viavi opens new production facility in Arizona » 06:3511/1711/17/22
Viavi announced it has…
Viavi announced it has opened its new production facility in Chandler, Arizona. The company has added to U.S. manufacturing capacity as it has grown its presence in the state, including the move of its global headquarters. Since preparations to move its global headquarters from California began in 2021, the company has already made significant contributions to the business and technology community. VIAVI president and CEO, Oleg Khaykin, has been elected to Greater Phoenix Leadership; the company has established a scholarship at the University of Arizona's Wyant College of Optical Sciences, and the company has also contributed to Chandler's reclaimed water program. To mark the completion of the new production facility and global headquarters, Viavi held a grand opening in Chandler on November 10. The plant's opening is a boon for the local economy, representing an initial capital infusion of nearly $100M, with a further $50M expected to be generated in payroll taxes for local and state governments following the creation of hundreds of new jobs. Viavi's new production facility in Chandler features Viavi's most modern and efficient optical coating capabilities. In seeking a new facility to operate its sophisticated equipment, the company found that Arizona provides the ideal conditions for long-term, sustainable growth including a business-friendly environment, a high quality of life at a reasonable cost, and a strong base of talent.
Viavi downgraded to Neutral from Buy at B. Riley » 04:5111/0411/04/22
B. Riley analyst Dave…
B. Riley analyst Dave Kang downgraded Viavi Solutions to Neutral from Buy with a price target of $14.50, down from $21.