NasdaqGS:VIAVCommunications
Viavi Solutions (VIAV) Stock Climbs As Margin Turnaround Gains Credibility
Viavi Solutions stock rose 4.3% to US$40.59 after earnings, which suggests traders saw enough in the headline numbers to support the move. The hook is simple: this is a turnaround story focused on operating performance, not just top line enthusiasm.
Quarterly revenue was US$443.1m with a 24% operating margin and earnings per share of US$0.34. For a test and measurement business that has been loss making over the last twelve months, that margin figure is a key focus for today’s buying. The...