Viavi had a strong performance in the final quarter of its fiscal year 2022 and the company delivered an all-around beat. Despite severe headwinds from the pandemic and inflationary pressures, the management has surpassed the high end of its 2022 profitability goal. For fiscal Q4 2022, the SE business’s revenue was constant from year to year. Nevertheless, the annual SC income increased by more than 13% year over year, which boosted their faith in the updated data centre and assurance strategy and goods. As a result of significant investments in service providers and hyperscalers wanting to update their networks, the NE segment reached a new revenue high in fiscal 2022, with both fibre and wireless expanding by double digits year over year. Moreover, the front-haul wireline network expansion and investments in ORAN kept the demand for 5G wireless services high. Strong NE bookings during the fiscal fourth quarter led to a seasonally stronger Q1 backlog and demand visibility. Among major updates, Viavi completed the acquisition of Jackson Labs Technologies. We give Viavi a ‘Hold’ rating with a revised target price.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
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