Also, we are seeing this demand continue into the Q4 and probably be on for the rest of the year, so a very strong demand across all segments. Our major growth drivers remain intact as do our core products, some of which provide a counter cyclical benefit during recessionary times. R&D spend generally held up well during the Q3 and continued strong into Q4 as customers continue to invest in 5G and 400-gig technology rollouts. That's why we have not experienced any supply chain disruption, because we are well prepared and have all the critical components in-house to be able to meet the 400-gig and 5G demand. Is there a problem with this press release? But as you look at these dynamics among service providers considering increased traffic, increased subscriber ads, I guess how long do you expect that to last and what are you seeing kind of real time to date and whether you have any positive exposure to increased network traffic? Viavi Solutions Inc. has confirmed Earnings date and time. We mainly supply inks into the-- pigments into ink that go on the paper notes, and as in the past, I do believe we're going to see some of the fresh notes being released, either to stimulate the economy or replace some of the retiring notes. So I do think we're going to see a reduction in spend in those regions as they deal with the significant currency devaluation. Is that not right? But it was more than offset by this trend we saw in anti-counterfeiting, as well as some of the expedited orders. As I said during my prepared remarks, we did not see any 400-gig pushout. Bottom Line. So when you think about the dynamics, I think we will be operating at an opex level that you saw in Q3, and I think that should be -- as the revenue come back -- revenue comes back, we will scale the opex to that extent on the variable side. Acquisitions that you've done have been wildly -- companies have been reluctant in terms of giving you the pricing that you talked about. I would have thought that in this environment with people working from home and things like that that might have been a little bit weaker because you didn't have people in the labs sort of doing work. Is that the right way to think about how you are forecasting your business? Mehdi Hosseini -- Susquehanna International Group -- Analyst. In other words, can 400-gig production be strong enough to make up for some of the revenues that are indefinitely pushed out? Is there any change in the people you've talked to about willingness? And it will be multiple sockets. My name is Bill Ong, head of investor relations. Now to our business outlook. Your line is open. Right. Fiscal Q3 revenue at 256.2 million declined 3.4% year on year and was below the guidance range of $268 million to $288 million. I mean, there has been-- it's been pretty chaotic and when people were suddenly told don't come to work, go home. So have we seen an increased churn and the currency installed base that's a result of COVID causing them to destroy builds or anything of that sort that is facilitating an acceleration of demand? Yeah. Welcome to Viavi Solutions third quarter fiscal year 2020 earnings call. So I would say, a big chunk of our business, I would say, is the -- within the quarter book-ship. Roughly 40% is fixed at the Viavi level and roughly about 60% variable. So I don't think we are shying away from doing a deal in this environment. OK. So I guess can you help us just think about 3D sensing for fiscal '21 in general terms? Sure. OSP's gross margins at 52.6% increased 110 basis points due to a favorable mix of anti-counterfeiting products. However, we expect a seasonally stronger second half of calendar-year 2020. Overall, for fiscal '21 as we are looking out, we are not assuming a V-shape recovery. Ladies and gentlemen, thank you for standing by, and welcome to the Viavi Solutions third-quarter 2020 earnings call. Joining me on today's … That's the risk that we are seeing for ourselves. I assume that in this environment that you would take advantage of that, the depressed conditions and the similarly depressed prices to take advantage of it. What the concerns are also becoming, with significant reduction in number of flights, people are getting concerned about the level of inventories they hold on hand, and some of it was really driven their wish to have a bit more supply chain security and having product closer to the source. The Company will host an earnings call at 1:30pm PDT/4:30pm EDT. So that's where we're seeing the bulk of demand coming today, but we are also starting to see more and more interest from the service providers in placing orders for kind of the, I'd say, mid-stream and the kind of core of the network monitoring for the 5G. November 05, 2020 (ACCESSWIRE via COMTEX) -- VIAVI Releases New Test and Alignment Software for the L3Harris Technologies XG Series Radios finance.yahoo.com Aug 11, 2020 6:30 am Preview: Viavi Solutions's Earnings Anti-counterfeiting revenues came in better than expected. I think that would be not prudent to do it. February 2, 2021 01:30 PM PST. Yes. In OSP, we expect stable demand for banknote reprints during the economic downturns, which would the result in steady demand for our anti-counterfeiting products. So for Q4, although we are not giving any guidance, but we did give some color on what we're expecting from a revenue perspective, we expect overall the revenue to be roughly flattish to slightly better than Q3, mainly driven by the seasonal strength in NSE. Cumulative Growth of a $10,000 Investment in Stock Advisor, Viavi Solutions (VIAV) Q3 2020 Earnings Call Transcript @themotleyfool #stocks $VIAV, Viavi Solutions (VIAV) Q2 2020 Earnings Call Transcript, Viavi Solutions (VIAV) Q1 2020 Earnings Call Transcript, Viavi Solutions (VIAV) Q4 2019 Earnings Call Transcript, Viavi Solutions (VIAV) Q3 2019 Earnings Call Transcript, Viavi Solutions Inc (VIAV) Q2 2019 Earnings Conference Call Transcript, Copyright, Trademark and Patent Information. Market Action Lists Top Gainers on High Volume Top Losers on High Volume Outperforming … All earnings call transcripts on Viavi Solutions Inc. (VIAV) stock. I think the issue here is really more on the EDGE because those are the technicians that have been sent home and we don't know what the rate they're going to be brought back and how quickly they going to be brought back. We saw increased security pigment demand toward the end of the quarter. And then more broadly, as you look at dynamics, like for example, cable operators reporting beyond record increases in subscribers in the March quarter and general trends across networks to see increased network traffic. But going into Q4, I think it was more prudent for us to assume that this is going to be the same as what we saw in Q3 with strength in lab, as well as in the mid-haul and the backhaul of the network. I don't normally think of people expediting orders for pigments and security products. Ian, let's begin the question-and-answer session. But the real forecast is really looking no more than like two to four weeks because we have a very short lead time. You've just got to make sure that the deal is right and the price is right. And the other half was travel entertainment, etc., which I think these are variable expenses that will come back as the revenue comes back. A live webcast of the call and the replay will be available on the VIAVI website at https://investor.viavisolutions.com. Then I have a follow-up. In fact, both our 11 production for 400 gig and 5G wireless, all the products shipped as expected, and the customers to come. One is the optical networking. Viavi Solutions EPS is expected to be around $0.13, according to sell-side analysts. Within NSC, any revenue at $163.9 million was down 9.2% from a year ago, primarily due to declines in the mature access and cable field instruments. Previously, this call had been scheduled for 2:30pm PT. You can also contact MarketWatch Customer Service via our Customer Center. So what we have seen is the new technologies that are being rolled out continue to be aggressively pursuit. My name is Bill Ong, head of investor relations. But generally, in the past, whenever you had any type of fiscal stimulus, part of it comes out in terms of physical notes. It's roughly let's say 80% is sort of variable, roughly 20% is fixed. It sounds like the lab business held up fairly well. I appreciate the color. And we are continuing to see very strong demand for router modules. So yes, we get a general forecast, but I mean, it can go up and down throughout the quarter. First question on the OSP upside at the end of the quarter, sort of pull-ins. A lot of things kind of fell off the wagon. Earnings per … Your next question comes from the line of Tim Savageaux of Northland. So I think the shortfall that we saw in the field instruments, I don't think it's going to be. Viavi Solutions Inc. (NASDAQ:VIAV) Q1 2021 Earnings Conference Call November 5, 2020 4:30 PM ET Company Participants Bill Ong - Investor Relations Oleg Khaykin - … Before I turn the call over to Oleg, I'm pleased to note that Viavi successfully transitioned to a new ERP system during our fiscal third quarter. And so overall NSE, we think that it has low single-digit decline, so to speak. The OSP business segment responded well to the challenges of the pandemic lockdown and exceeded our guidance range expectations. Our miss to revenue guidance was largely a result of COVID-19 lockdown. Now, when you think about it, one-third of that was mainly because of lower travel and entertainment expenses and marketing expenses as most of the events were getting canceled. So when we talk about our 400-gig rollout, that basically means we are selling production test equipment, as well as some of the lab equipment to these customers, both the module manufacturers, as well as the system manufacturers. And on 3D sensing, we get a kind of a longer-term forecast. One-third was mainly because we were able to quickly take a proactive action and freeze hiring. OK. And then I just want to better understand your forecasting. [Operator instructions] Please be advised that today's conference is being recorded. NSE's operating margin at 7.4% was below the guidance range and decreased 270 basis points from a year ago, reflecting the lower revenue volume due to the impact from COVID-19, partially offset by good expense control. Well, I'd say our appetite always stays the same. Was that all on the core OSP or was any of that on the 3D sensing as well? The Company will host an earnings call at 1:30pm PDT/4:30pm EDT. ET. What was your reported capex for the March quarter? Email icon; Facebook icon; Twitter icon; Linkedin icon; … So that's why when we talk about field instruments, there are field instruments kind of the core maintenance of the network, and then there is the kind of customer clients' maintenance. Your line is open. I'm just curious sort of how you look at those two in this current environment right now. Thanks. Add to Apple Calendar; Add to Google Calendar VIAVI Solutions 2Q21 Earnings Call. And particularly, we've seen some telcos increase the capex guidance for the year, which I know you're more in line to kind of expenses but clearly shows that we spend a bit more. Your next question comes from the line of Alex Henderson of Needham. No. So I think we are pretty comfortable with our market share. So it was half of it was actions that we took in the past, as well as proactively. We have almost a real-time demand. I turn the call back to Bill Ong. No, Alex. Viavi Solutions, Inc. to Host Earnings Call Published: Nov. 5, 2020 at 2:46 p.m. There has been significant devaluation of their local currency. Joining me on today's … In Q3, we repurchased approximately $33.1 million of Viavi stock at an average cost basis of $11.49 per share including commissions. So we are seeing exactly same thing. Post Earnings Announcement Drift for Viavi Solutions (VIAV) stock using historical stock earnings behavior to find patterns and strategies. This increase in revenue was a result of better-than-expected demand in anti-counterfeiting products. Michael Genovese -- MKM Partners -- Analyst. Oleg Khaykin -- President and Chief Executive Officer. If you recall, we have adjusted our forecast in our guidance in February for some of the impact to 3D sensing, mainly on the supply chain side as COVID-19 was impacting China. [Operator instructions] Your first question comes from the line of Mehdi Hosseini of Susquehanna. Historically, in a down market, service providers place more focus on maintaining and improving efficiency of their existing networks versus in new construction, which benefits some of our product NSE product lines. I was giving color on fiscal '21 just directionally. I think the biggest headwind in 3D sensing is just fundamentally lower expected volumes of higher-end phones. Milpitas, Calif., August 5, 2015 – (NASDAQ: VIAV) VIAVI Solutions Inc. (“VIAVI”), formerly JDSU, is rescheduling its earnings call for 1:15pm PT/4:15pm ET on August 11, 2015 to discuss its fiscal fourth quarter and year-end 2015 financial results for the period ended June 27, 2015. Now clearly, one of the big things is recalling all the technicians back to work and that drives a lot of the edge demand for us. However, there is one area where I'm more concerned about, and it's not a big part of our sales, but it's still a part of our sales is the Latin America, so South America and Central America. So when you say that the edge, which is a third NSE, you expect to be rather slow for two, three quarters, it's just based on your assumption that it would take some time for people to go back to work, and the work from home would phase out? So, I mean we -- so for example, in the Q3, you might have seen a bigger drop from us because we can respond on the dime, whereas if you order semiconductor products, you're going to have to accept it because you place those orders six months ago, and they are coming out, right? NEW YORK, NY / ACCESSWIRE / November 5, 2020 / Viavi Solutions, Inc. (NASDAQ:VIAV) will be discussing their earnings results in their 2021 First Quarter Earnings call to be held on November 5, 2020 at 4:30 PM Eastern Time. This mainly impacted our field instruments product lines. Well, I mean, a lot of our customers are rolling out 400-gig modules. For OSP, we anticipate 3D-sensing product revenue, which is less than 10% of Viavi's annual revenue to be impacted by weaker end market demand for high-end smartphones. Exactly, exactly. NSE was below the guidance range, while OSP exceeded the range. The Company will host an earnings call at 1:30pm PDT / 4:30pm EDT. So first of all, I mean, when we look at the new technology releases, right, which is now, we are in the midst of two big rollouts. Now when you think about our overall business, the total Viavi level, we have roughly 60% of our expenses fixed and about 40% plus roughly sort of variable and even on the 60% fixed. The forward-looking statements, including guidance we provide during this call are valid only as of today. Maybe, well, first off, can you quantify do you expect a similar impact that you would attribute to lockdowns? So we will manage the capex range of 3% to 5% going forward. So for the time being, if you want to get a new service, you're probably not going to get it, but what a lot of operators are doing is trying to increase effective bandwidth within their network and get more efficiency out of their existing core and planned to provide additional capacity to the existing customers. Thank you, everyone. And that means usually opening up some of the less desirable bands with more noise and things like that, which require a lot of troubleshooting. I kind of wanted to follow-on to that a little bit, with regard to some of the dynamics at the edge among service providers. Lumentum, formerly JDSU’s Communications and Commercial Optical … Viavi Solutions Inc. VIAV reported decent fourth-quarter fiscal 2020 (ended Jun 27, 2020) results, with the bottom and the top line surpassing the Zacks Consensus Estimate. But generally, we said let's freeze hiring, so one-third of that savings came from that. SCOTTSDALE, Ariz., Jan. 12, 2021 /PRNewswire/ -- Viavi Solutions Inc. (VIAVI) (NASDAQ: VIAV) today announced two Velocity Partner Program Pinnacle Award winners for … Edited earnings call transcripts of Viavi Solutions Inc. (VIAV) stock The other thing is also there is a lot of interest in the ORAN, which is the Open Radio Access Network, as all the operators are insisting on interoperability across all the different vendors, and we are seeing strong demand emerging from both the NIMs, as well as the service providers to provide level of independent third-party testing to ensure compliance and interoperability between different parts of the network and different vendors. So if you think about our field instruments, it's very much a book ship business within the quarter. So we'll continue to run those. So I've just taken a six-month window and said what that would be. Obviously, this is a very important product line in this environment and its demand seems to have a dynamic that's pretty independent of economic activity, which is nice. Correct. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. I also wish all our employees, supply chain partners, customers and our shareholders to stay safe and healthy. Now it's obviously a subject to what the relative mix is going to be between phones with only one 3D sensing module versus having both rear-facing and the world-facing modules. Thank you very much. I just want to follow up. There is going to be some content increase. In terms of the field operations, one of the things you see is, there is two types of technicians in the field. Really. The release, plus our supplemental earnings slides, which includes historical financial tables are available on Viavi's website. We do believe that some of this demand is getting pushed out because at the end of the day, the service providers will have to continue with the construction and maintenance of the access side, both on the fiber, as well as on the cable side because the subscriber is demanding for higher bandwidth, and it's also willing to pay for the bandwidth. I think 400-gig is continuing on its own trajectory. And I think that demand probably will come back in the first half of calendar 2021. To listen to the event live or access a replay of the call - visit https://www.investornetwork.com/event/presentation/69564. So indefinitely is probably too strong a word. Thanks for taking my question. Viavi Solutions Q3 2020 Earnings Call Transcript yahoo. Lastly, our NSC operations team has performed admirably and we did not experience any logistical or supply chain issues that would have impacted our deliveries. I would now like to turn the call over to Amar. So that's where we saw the slowdown in spend. I see. But given the end market demand will be low, so we are assuming that there will be pressure on 3D sensing, but that will be more than offset by our anti-counterfeiting. And if that's the case, you've got a mix shift to lower margin product within it. Absent that impact, the Q3 NSE revenue would have been near the midpoint of our guidance range of $204 million to $220 million. So that's how you should look at how we actually brought down our opex, right? Within NSE, any gross margin at 63.6% declined 60 basis points year on year primarily due to lower revenue volumes. Thank you. So they will expect higher service level from the service providers. But sequentially, if your NE-NSE mix goes up, you will also see a higher absorption and higher operating leverage on the fixed costs of the -- yes, on the NSE. You're talking about much more flatter kind of sequential declines. We expect the end market demand volatility and macroeconomic headwinds to persist in the near future. Sales will likely be near $259.44 million. Finally, we are recording today's call, and we'll make the recording available by 4.30 PM Pacific Time this evening on our website. And then the other one-third was mainly as a result of some efficiency programs that we had in place and that will continue in the company. That said, Viavi is well-positioned to persevere. When California enacted the shelter in place order beginning in mid-March, we were able to leverage our Chinese operations. We feel comfortable about our fundamental business cash generation. Market data powered by FactSet and Web Financial Group. Operating cash flow for the quarter was $39.1 million. In conclusion, I would like to express a special thanks to my Viavi team for their extraordinary performance during these challenging times. That said, we expect Q4 revenue to be flat to slightly better than our fiscal Q3, driven by seasonal strength in NSE. I mean, clearly, increased network traffic is good news for us. 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