Viavi Solutions Inc. (VIAV) is an international network testing, monitoring and assurance solutions provider for different businesses. The company is also engaged in light management solutions for 3D sensors, customer electronics, and various other applications.
The price of VIAV stock during the regular trading on February 3, 2022, with a 4.34% decline was $15.6. At last check in the aftermarket, the stock jumped by 4.22%.
VIAV: Key Financials
On February 3, 2022, VIAV released its financial results for the second quarter ended January 1, 2022. Some of the key updates are below.
Revenue
Net revenue in Q2 2022 was $314.8 million compared to $299.9 million in the same period of 2021. The company surpassed the estimated revenue by 3.69% as recorded by the analysts.
EPS
Diluted net income per share in Q2 2022 was $34.6 million or $0.14 versus $27.3 million or $0.12 in the same period in 2021. The company’s quarterly earnings figures beat the Consensus Estimate of analysts by $0.19 per share. The quarter also represented an earnings surprise of 26.32%.
VIAV: CEO Comments
Speaking at the occasion, VIAV CEO Oleg Khaykin stated that the second quarter of 2022 brought the second-highest revenue term for the company along with a highest operating margin of 23.3%. He further added the company expected robust secular growth trends in 5G and fiber, along with its enhanced capital structure.
VIAV: Events and Happenings
On January 26, 2022, VIAV updated about its assistance for the verification of the presence of meddling between 5G networks and radar altimeters. On December 16, 2021, VIAV informed about its part in the O-RAN ALLIANCE hosted 3rd annual global O-RAN plugfest. The festival was conducted in October-November 2021 and included several on-site demos.
On December 13, 2021, VIAV reported about the participation of its Executive management at the following investor conferences.
- P. Morgan Tech/Auto Forum on January 5, and
- Needham Growth Conference on January 10, 2022.
On December 8, 2021, VIAV updated about its partnership with Ericsson to bring geolocation capacities to the Ericsson Intelligent Automation Portfolio. The partnership resulted in the company becoming a pioneer independent software retailer to utilize its solutions on the SMO portfolio.
Conclusion
The company’s shares have lost approximately 4% in the past six months period. As the company reported its earnings recently, the stock soared high in the aftermarket. The company’s recorded an all-time high revenue and EPS which brought it in good shape for future investments.
