Viavi Solutions shares hit 52-week high after strong third-quarter results
Updated
Updated · MarketWatch · Apr 30
Viavi Solutions shares hit 52-week high after strong third-quarter results
10 articles · Updated · MarketWatch · Apr 30
The stock touched $60.43 before closing at $54.91, as revenue rose to $406.8 million from $284.8 million and beat FactSet forecasts of $393.8 million.
Adjusted earnings were 27 cents a share, above analysts' 23-cent estimate, though net earnings fell to $6.4 million, or 3 cents a share, from $19.5 million a year earlier.
Viavi said data centre and aerospace and defence demand drove the quarter, and forecast fourth-quarter revenue of $427 million to $437 million with adjusted earnings of 29 to 31 cents.
What caused Viavi's reported profits to drop sharply despite record revenue and a soaring stock price?
As Viavi’s stock soars on AI optimism, why did insiders recently sell over $12 million in shares?
Is Viavi's surge a sustainable signal of the AI boom or a warning sign of a new market bubble?