VIAV - Viavi Solutions to launch up to $300M share repurchase program reconfirms FQ1 2023 guidance
- The board of Viavi Solutions ( NASDAQ: VIAV ) authorized a share repurchase program of up to $300M, effective Oct. 1.
- The program replaces the $200M buyback program that is set to expire on Sep. 30.
- The company may repurchase shares through a variety of methods under the new program, including open market purchases and privately-negotiated transactions.
- The timing of the repurchases will depend upon business and financial market conditions.
- Additionally, VIAV reconfirmed its FQ1 2023 guidance.
- The revenue is expected to be in the range of $317M to $331M (vs. consensus of $326.70M), non-GAAP operating margin between 20.7% and 22.1% and non-GAAP EPS in the range of $0.22 to $0.24 (vs. consensus of $0.23).
- Source: Press Release
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Viavi Solutions to launch up to $300M share repurchase program, reconfirms FQ1 2023 guidance