Viavi Solutions Inc. (NASDAQ:VIAV) spotted trading -11.71% off 52-week high price. On the other end, the stock has been noted 78.65% away from the low price over the last 52-weeks. The stock changed 1.51% to recent value of $14.44. The stock transacted 3288034 shares during most recent day however it has an average volume of 2.34M shares. The company has 230.00M of outstanding shares and 226.01M shares were floated in the market.

On Aug. 11, 2020, Viavi Solutions Inc. (NASDAQ:VIAV) revealed results for its fourth fiscal quarter ended June 27, 2020. Amounts presented below are on a continuing operations basis unless otherwise noted.

Fourth quarter of fiscal 2020 net revenue was $266.6 million. GAAP net income was $26.7 million, or $0.12 per share. Non-GAAP net income was $40.8 million, or $0.18 per share.

Third quarter of fiscal 2020 net revenue was $256.2 million. GAAP net loss was $32.8 million or $0.14 loss per share. Non-GAAP net income was $32.0 million, or $0.14 per share.

Fourth quarter of fiscal 2019 net revenue was $289.7 million. GAAP net income was $12.5 million, or $0.05 per share. Non-GAAP net income was $40.1 million, or $0.17 per share.

In fiscal fourth quarter our Wireless Lab equipment business delivered a record revenue quarter driven by 5G and we also saw overall NSE demand stabilizing, said Oleg Khaykin, VIAVI’s President and Chief Executive Officer.  For the full fiscal year 2020, revenue and non-GAAP EPS grew despite the business impact from the COVID-19 pandemic in the second half.

Khaykin added, Although near-term macroeconomic uncertainty is expected, we remain positive on the secular demand drivers for increased network capacity that drive 5G Wireless and Fiber and the continued penetration and adoption of 3D Sensing technology in mobile applications.

Its earnings per share (EPS) expected to touch remained 115.80% for this year while earning per share for the next 5-years is expected to reach at 15.00%. VIAV has a gross margin of 58.70% and an operating margin of 8.80% while its profit margin remained 1.30% for the last 12 months.

According to the most recent quarter its current ratio was 3.8 that represents company’s ability to meet its current financial obligations. The price moved ahead of 5.37% from the mean of 20 days, 9.72% from mean of 50 days SMA and performed 7.29% from mean of 200 days price. Company’s performance for the week was 0.91%, 13.13% for month and YTD performance remained -3.77%.

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