Craig-Hallum Downgrades Viavi Solutions (VIAV) to Hold
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August 11, 2015 4:03 PM EDT
MILPITAS, CA -- (Marketwired) -- 08/11/15 --
Viavi (NASDAQ: VIAV)
Spinoff Update
JDS Uniphase Corporation ("JDSU") successfully completed the spinoff of its communications and commercial optical products and WaveReady businesses, now Lumentum Holdings Inc. ("Lumentum"), on August 1, 2015
Concurrent with the separation JDSU changed its name to Viavi Solutions Inc. ("Viavi")
Fourth Quarter
GAAP and Non-GAAP Net Revenue of $427.7 million
GAAP Gross margin of 45.5%; Non-GAAP Gross margin of 47.8%
GAAP EPS of $(0.16); Non-GAAP EPS of $0.13
Fiscal... More
August 11, 2015 4:02 PM EDT
MILPITAS, CA -- (Marketwired) -- 08/11/15 --
Viavi Solutions Inc. ("Viavi") (NASDAQ: VIAV) today announced that its Board of Directors has appointed Chairman Richard E. Belluzzo as interim president and chief executive officer, effective immediately. This appointment follows the departure of Tom Waechter, who has stepped down as the company's president and chief executive officer and Board member. After achieving a major milestone on August 1, 2015 of separating JDSU into two public companies and leading the company through significant changes during his more than six-year tenure as chief executive officer at JDSU, Mr. Waechter will be... More
