On August 12, Viavi Solutions rose 5.39% in pre-market trading, trading at $40.34/share, with turnover of $606,300. The stock continued to gain following the company's fiscal Q4 earnings release, which significantly exceeded market expectations.
Viavi reported fiscal Q4 adjusted earnings of $0.34 per diluted share, beating the analyst consensus estimate of $0.30 and surging from $0.13 a year earlier. Revenue for the quarter ended June 27 came in at $443.1 million, above the $432.6 million estimate and up 52.5% year-over-year from $290.5 million. More notably, fiscal Q1 guidance called for adjusted EPS of $0.40 to $0.42 on revenue of $450 million to $460 million, far exceeding analyst expectations of $0.28 EPS and $432.2 million in revenue. The strong results and outlook reflect accelerating monetization of AI testing solutions and order fulfillment driving profit elasticity. B. Riley maintained a Buy rating with a mean analyst target price of $61.43.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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