Viavi Solutions Inc. is a leading provider of network test, monitoring, and service enablement solutions to diverse sectors worldwide. The company’s product portfolio offers end-to-end network visibility and analytics that help build, test, certify, maintain, and optimize complex physical and virtual networks. Viavi also offers high-performance thin film optical coatings for light-management solutions used in anti-counterfeiting, 3D sensing, electronics, automotive, defense and instrumentation markets.
Viavi Solutions posted its quarterly earnings data on Tuesday, May 4th. The communications equipment provider reported $0.18 earnings per share for the quarter. The firm had revenue of $303.40 million during the quarter, compared to analysts’ expectations of $290.53 million. Viavi Solutions had a return on equity of 18.19% and a net margin of 3.23%. The business’s quarterly revenue was up 18.4% on a year-over-year basis.
With a one-year PEG ratio of 535.59, Viavi Solutions Inc is expected to have a higher PEG ratio than 92.86% of US stocks. The firm’s growth is nothing short of eye-catching. The company’s strong growth marks a fundamental improvement in the business economics. It is a stock worth considering for your portfolio.