Viavi Solutions Inc. (NASDAQ:VIAV) stock identified change of 35.72% away from 52-week low price and recently located move of -9.60% off 52-week high price. It has market worth of $3.52B. VIAV stock has been recorded -2.23% away from 50 day moving average and 3.56% away from 200 day moving average. Moving closer, we can see that shares have been trading -3.19% off 20-day moving average.
On Feb. 4, 2020, Viavi Solutions Inc. (NASDAQ:VIAV) released results for its second fiscal quarter ended December 28, 2019. Amounts presented below are on a continuing operations basis unless otherwise noted.
Second quarter of fiscal 2020 net revenue was $313.7 million. GAAP net income was $28.0 million, or $0.12 per share. Non-GAAP net income was $55.6 million, or $0.23 per share.
First quarter of fiscal 2020 net revenue was $299.8 million. GAAP net income was $6.8 million or $0.03 per share. Non-GAAP net income was $42.9 million, or $0.18 per share.
Second quarter of fiscal 2019 net revenue was $306.9 million. GAAP net income was $15.4 million, or $0.07 per share. Non-GAAP net income was $50.9 million, or $0.22 per share.
We are pleased with our fiscal Q2 2020 results as VIAVI delivered record revenue, non-GAAP operating margin and non-GAAP EPS and broke the prior record financial performance set in fiscal Q2 2019, said Oleg Khaykin, VIAVI’s President and Chief Executive Officer. Both NSE and OSP business segments delivered strong performance.
Khaykin added, Looking ahead, we expect 5G Wireless field deployment, starting in late calendar 2020, increased penetration of 3D Sensing applications in mobile devices, and fiber network densification to drive our business growth this calendar year.
The Technology sector company, Viavi Solutions Inc. noticed change of 2.57% to $14.78 along volume of 3386003 shares in recent session compared to an average volume of 1.83M. The stock observed return of -4.09% in 5 days trading activity. The stock was at -1.92% over one month performance. VIAV’s shares are at -8.26% for the quarter and driving a 33.88% return over the course of the past year and is now at -1.47% since this point in 2018.
The average volatility for the week at 3.93% and for month was at 2.80%. There are 238.35M shares outstanding and 227.97M shares are floated in market. Right now the stock beta is 1.03.
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