TD Asset Management Inc Sells 5600 Shares of Viavi Solutions Inc
December 2, 2023
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TD Asset Management Inc recently sold 5,600 shares of Viavi Solutions ($NASDAQ:VIAV) Inc (NASDAQ:VIAV). The company is a global leader in network test, monitoring, and assurance solutions. It develops products and services to help customers optimize their networks and be more efficient. This includes hardware, software, and services that allow customers to quickly troubleshoot, diagnose, and maintain their networks. VIAVI also provides advanced analytics solutions to help customers understand their networks better, enabling them to identify potential problems before they cause outages.
VIAVI’s solutions are used by leading network operators, service providers, enterprises, governments, and military organizations to deliver reliable and secure communications. Its products are designed to help organizations reduce their operational costs and maximize the performance of their networks. The company’s solutions are used in over a hundred countries and its customers include government agencies, airlines, universities, and financial institutions. The company has a long track record of success, having been in business for nearly a century.
Market Price
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Viavi Solutions. More…
| Total Revenues | Net Income | Net Margin |
| 1.04k | 2.7 | 1.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Viavi Solutions. More…
| Operations | Investing | Financing |
| 137.8 | -110 | -39.3 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Viavi Solutions. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.8k | 1.13k | 3.04 |
Key Ratios Snapshot
Some of the financial key ratios for Viavi Solutions are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -2.4% | -23.0% | 5.8% |
| FCF Margin | ROE | ROA |
| 9.1% | 5.5% | 2.1% |
Analysis
As an investor, analyzing VIAVI SOLUTIONS‘s financials is essential when making investment decisions. GoodWhale’s Star Chart provides insight into VIAVI SOLUTIONS’s financial health, giving it an excellent 8/10 rating. This impressive rating reflects the company’s strong cashflows and low debt levels, indicating that it is capable of riding out any potential crisis without the risk of bankruptcy. Additionally, GoodWhale’s analysis reveals that VIAVI SOLUTIONS is strong in terms of assets and profitability, but weak when it comes to dividend payments and growth. We also classify VIAVI SOLUTIONS as an ‘elephant’, which essentially means that its assets exceed liabilities. This makes VIAVI SOLUTIONS an attractive investment opportunity for investors who value stability and security over rapid growth. If you’re looking for a company that is well-positioned to weather any economic storm and provide reliable returns, VIAVI SOLUTIONS may be the perfect fit for your portfolio. More…
Peers
The company offers a portfolio of solutions that enable its customers to optimize and assure the performance of their networks and applications. Its competitors include Raisecom Technology Co Ltd, TPT Global Tech Inc, Calnex Solutions PLC.
– Raisecom Technology Co Ltd ($SHSE:603803)
Raisecom Technology Co Ltd is a Chinese company that manufactures and sells telecommunications equipment. The company has a market capitalization of $3.12 billion as of 2022 and a return on equity of -0.43%. Raisecom Technology Co Ltd’s products include routers, switches, and network interface cards. The company also provides software and services for voice and data communications.
– TPT Global Tech Inc ($OTCPK:TPTW)
TPT Global Tech Inc is a publicly traded company with a market capitalization of $3.14 million as of 2022. The company has a return on equity of 6.63%. TPT Global Tech Inc is a provider of telecommunications and technology solutions. The company offers a range of services, including voice, data, and video communications; broadband and wireless Internet; and managed network and security solutions.
– Calnex Solutions PLC ($LSE:CLX)
Calnex Solutions is a leading provider of network test and measurement solutions. The company’s products are used by network operators and equipment manufacturers worldwide to ensure the quality and performance of their networks. Calnex’s products are used in all phases of the network lifecycle, from design and development to deployment and operations. The company’s products are backed by a team of expert engineers who are dedicated to providing the highest quality products and support.
Summary
This has come as a surprise to many investors, as Viavi Solutions Inc. is a provider of network test, measurement and assurance solutions to communications service providers, enterprise and their vendors. Analysts suggest that the sell-off is not indicative of any underlying problems with the company, but rather that TD Asset Management Inc. may be seeking to diversify its portfolio. Investors should be aware of this, but overall, Viavi Solutions Inc. still looks to be in a strong position financially and is well positioned to capitalize on the growing demand for network testing solutions. The company continues to have strong cash flows and has maintained solid margins in recent quarters.
Additionally, given the company’s focus on innovation and development, investors may want to keep an eye out for promising products or services that could drive future growth.
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