Viavi Solutions (VIAV, Financials) projected better-than-expected fiscal third-quarter revenue and earnings per share, prompting Needham to upgrade the stock to "Buy" from "Hold," citing recovery momentum and potential upside.
Third-quarter income projected by Viavi ranges from $276 million to $288 million, more than the $268.3 million expectation of Wall Street. Above analysts' midpoint prediction of $0.10, the business forecasts earnings per share of $0.10 to $0.13. Driven by its sector on Network and Service Enablement, which gains from increasing demand, growth is happening.
The business exceeded projections by $10.81 million with second-quarter income of $270.8 million, a 6.4% rise from the previous year. Earnings per share came out to be $0.13, over projections by $0.03.
From previous expectations of $1.04 billion and $0.38 per share, Needham boosted its fiscal 2025 sales and profit predictions to $1.08 billion and $0.43 per share. Needham revised its projections for fiscal 2026 to be $1.14 billion and $0.49 per share, from $1.08 billion and $0.47 per share. The company thinks Viavi's smaller business divisions have stabilized, which will help to create conditions for a long-term recovery.
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