Viavi Delivered Solid 1Q Results but Issued Cautious Outlook; Shares Fairly Valued
Viavi’s fiscal 2018 first-quarter results were roughly in line with our expectations, but management’s second-quarter outlook was worse than our internal projections. During the quarter, total revenue declined 7.4% year over year, versus our projection of an 8.5% decline, on better-than-expected performance in network enablement, or NE, while Viavi also saw firmwide margin expansion. However, management guided second-quarter total sales to be $175 million to $195 million, which at the midpoint r...Viavi Solutions is a provider of network test, monitoring and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil government, military and avionics customers. The company operates the following business segments: Network Enablement, which provides testing solutions that access the network to perform build-out and maintenance tasks; Service Enablement, which provides embedded systems and enterprise performance management solutions; and Optical Security and Performance Products, which designs, manufactures, and sells products targeting anti-counterfeiting, consumer and industrial, government, healthcare and other markets.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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