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Viavi Solutions expands share buyback programme

Friday 16 September 2016 | 11:31 CET | News
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Viavi Solutions announced today that its Board of Directors authorised an increase in its stock repurchase programme from up to USD 100 million to up to USD 150 million and extended the validity period to end-2017. The programme was first announced in February and since then Viavi has bought USD 25 million in stock. Viavi had USD 979.8 million in total cash and investments at the start of July. At its analyst day, the company said it also reaffirmed its guidance for the three months to September, for non-GAAP net revenue of USD 201-217 million and adjusted earnings of USD 0.06-0.08 per share.

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Categories: Fixed
Companies: Viavi Solutions
Countries: World
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