Viavi Posted Weak Results due to Soft Carrier Demand; Lowering FVE to $9.50
Viavi’s fiscal third-quarter results and fourth-quarter outlook were both below our expectations. Total revenue declined 11% year over year, due to continued weakness in network enablement, or NE, that outweighed decent performance in the other two business lines of service enablement, or SE and optical security and performance products, or OSP. Network enablement revenue was particularly disappointing, as it declined 16% year over year on weaker-than-normal demand for fiber instruments in North...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.
We have operations in 27 countries.
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