Report
Alex Zhao
EUR 98.48 For Business Accounts Only

We Are launching Coverage of Viavi Solutions With an $11 Fair Value Estimate and No-Moat Rating

We are launching coverage of Viavi Solutions with a $11 fair value estimate and no moat rating and stable moat trend. Viavi Solutions now mainly focuses on selling network testing tools to telecom carriers, following the spin-off of its optical components as Lumentum Holdings in 2015. Viavi also has a smaller service enablement business that sells network monitoring tools to cloud vendors and content providers and we think management is properly scaling back on this segment. Finally, Viavi is ru...
Underlying
Viavi Solutions Inc

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.

Provider
Morningstar
Morningstar

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.

Analysts
Alex Zhao

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