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Viavi Solutions (VIAV)

VIAVI is a global provider of network test, monitoring and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. We help these customers harness the power of instruments, automation, intelligence and virtualization to Command the network. VIAVI is also a leader in light management solutions for 3D sensing, anti-counterfeiting, consumer electronics, industrial, automotive, and defense applications.

Company profile

Ticker
VIAV
Exchange
CEO
Oleg Khaykin
Employees
Incorporated
Location
Fiscal year end
Former names
JDS UNIPHASE CORP /CA/, UNIPHASE CORP /CA/
SEC CIK
Subsidiaries
3Z Telecom, Inc. • Acterna LLC • Acterna WG International Holdings LLC • Viavi Solutions LLC • JDSU Acterna Holdings LLC • Optical Coating Laboratory, LLC • RPC Photonics, Inc. • TTC International Holdings, LLC • Viavi Solutions UK LLC • 9274-5322 QUEBEC INC. ...
IRS number
942579683

VIAV stock data

Analyst ratings and price targets

Last 3 months

Calendar

5 May 22
26 Jun 22
2 Jul 22
Quarter (USD) Apr 22 Jan 22 Oct 21 Jul 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jul 21 Jun 20 Jun 19 Jun 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 601.5M 601.5M 601.5M 601.5M 601.5M 601.5M
Cash burn (monthly) 47.4M 6.71M (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 133.21M 18.85M n/a n/a n/a n/a
Cash remaining 468.29M 582.65M n/a n/a n/a n/a
Runway (months of cash) 9.9 86.9 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
9 Jun 22 Paul McNab Common Stock Sell Dispose S No No 14.46 12,103 175.01K 31,178
1 Jun 22 Luke M Scrivanich Common Stock Sell Dispose S No Yes 14.58 1,266 18.46K 43,958
1 Jun 22 Gary W Staley Common Stock Sell Dispose S No Yes 14.58 953 13.89K 95,835
1 Jun 22 Ralph Rondinone Common Stock Sell Dispose S No Yes 14.58 1,397 20.37K 27,698
1 Jun 22 Kevin Christopher Siebert Common Stock Sell Dispose S No Yes 14.58 1,170 17.06K 40,765
96.1% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 307 2 +15250.0%
Opened positions 305 0 NEW
Closed positions 0 291 EXIT
Increased positions 1 1
Reduced positions 0 0
13F shares Current Prev Q Change
Total value 3.57B 368.52M +869.7%
Total shares 219.01M 30.54M +617.1%
Total puts 1.14K 0 NEW
Total calls 54.22K 0 NEW
Total put/call ratio 0.0
Largest owners Shares Value Change
BLK Blackrock 36.18M $581.71M NEW
Vanguard 25.88M $416.2M NEW
Wellington Management 21.42M $344.45M +2.4%
GS Goldman Sachs 10.52M $169.21M NEW
Goldman Sachs Asset Management 9.63M $0 0.0%
MCQEF Macquarie 8.64M $138.94M NEW
STT State Street 8.03M $129.13M NEW
Capital World Investors 6.83M $109.83M NEW
Schroder Investment Management 5.25M $84.41M NEW
WHG Westwood 4.57M $73.57M NEW
Largest transactions Shares Bought/sold Change
BLK Blackrock 36.18M +36.18M NEW
Vanguard 25.88M +25.88M NEW
GS Goldman Sachs 10.52M +10.52M NEW
MCQEF Macquarie 8.64M +8.64M NEW
STT State Street 8.03M +8.03M NEW
Capital World Investors 6.83M +6.83M NEW
Schroder Investment Management 5.25M +5.25M NEW
WHG Westwood 4.57M +4.57M NEW
AMP Ameriprise Financial 4.21M +4.21M NEW
Geode Capital Management 4.11M +4.11M NEW

Financial report summary

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Risks
  • The effects of the COVID-19 pandemic have significantly affected how we and our customers are operating our businesses, and the duration and extent to which this will impact our future results of operations and overall financial performance remains uncertain.
  • We have a history of net losses, and our future profitability is not assured.
  • Rapid technological change in our industry presents us with significant risks and challenges, and if we are unable to keep up with the rapid changes, our customers may purchase less of our products which could adversely affect our operating results.
  • Unfavorable, uncertain or unexpected conditions in the transition to 5G may cause fluctuations in our rate of revenue growth or financial results.
  • Our forecasts related to our growth strategy in 3D sensing and other applications may prove to be inaccurate.
  • We may experience increased pressure on our pricing and contract terms due to our reliance on a limited number of customers for a significant portion of our sales.
  • Movement towards virtualized networks and software solutions may result in lower demand for our hardware products and increased competition.
  • We face a number of risks related to our strategic transactions.
  • We face risks related to our international operations and revenue.
  • Certain of our products are subject to governmental and industry regulations, certifications and approvals.
  • U.S. Government trade actions could have an adverse impact on our business, financial position, and results of operation.
  • Our business and operations could be adversely impacted in the event of a failure of our information technology infrastructure.
  • Failure to maintain satisfactory compliance with certain privacy and data protections laws and regulations may subject us to substantial negative financial consequences and civil or criminal penalties.
  • Our products may be subject to claims that they infringe the intellectual property rights of others.
  • The use of open-source software in our products, as well as those of our suppliers, manufacturers and customers, may expose us to additional risks and harm our intellectual property position.
  • We may be subject to environmental liabilities which could increase our expenses and harm our operating results.
  • Climate, Natural Disasters and Catastrophic Events
  • Failure to maintain effective internal controls may adversely affect our stock price.
  • Impairment in the carrying value of goodwill or other assets could negatively affect our results of operations or net worth.
  • Certain provisions in our charter and under Delaware laws could hinder a takeover attempt.
  • We face certain litigation risks that could harm our business.
Management Discussion
  • ITEM 7.    MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  • Viavi Solutions Inc. (VIAVI, also referred to as the Company, we, our, and us) is a global provider of network test, monitoring and assurance solutions for communications service providers (CSPs), enterprises, network equipment manufacturers (NEMs), original equipment manufacturers (OEMs), government and avionics. We help these customers harness the power of instruments, automation, intelligence and virtualization to Command the network. VIAVI is also a leader in management solutions for 3D sensing, anti-counterfeiting, consumer electronics, industrial, aerospace, automotive and medical applications.
  • •Optical Security and Performance Products (OSP).

Content analysis

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