And I think China is clearly one of the big 400-gig rollout destinations. 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. But it was more than offset by this trend we saw in anti-counterfeiting, as well as some of the expedited orders. That said, we expect Q4 revenue to be flat to slightly better than our fiscal Q3, driven by seasonal strength in NSE. Thank you very much. But generally, in the past, whenever you had any type of fiscal stimulus, part of it comes out in terms of physical notes. Mehdi Hosseini -- Susquehanna International Group -- Analyst. As we are going to production, would that step-up in revenue be enough if some of the incremental revenue that was supposed to happen in the March quarter and got pushed out into the second half? So I think our opex, we were -- when you think about our opex versus the guidance, we came in roughly about $10 million below what was implied in our guidance for Q3. And I think that demand probably will come back in the first half of calendar 2021. All earnings call transcripts on Viavi Solutions Inc. (VIAV) stock. Your line is open. Anti-counterfeiting revenues came in better than expected. Sure. One last question if I could. Additionally, we do not have any debt that is coming due for the next three years. I'm just curious sort of how you look at those two in this current environment right now. So what we have seen is the new technologies that are being rolled out continue to be aggressively pursuit. That's the risk that we are seeing for ourselves. 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, clearly, most people are used to just downloading the data, but now people are trying to-- we see significant increase in uploading. No, Alex. The client maintenance is where we saw drop-off in demand, whereas in the core of the network that business continues to be pretty good. The Algorithm predicts "% Predicted Move After Earnings Announcement" (PMAEA) for VIAV three weeks prior to earnings date. VIAVI Announces Date for Fiscal First Quarter 2021 Financial Results San Jose, Calif., October 9, 2020 – (NASDAQ: VIAV) Viavi Solutions Inc. (“VIAVI”) will announce its fiscal first quarter 2021 financial results for the period ended October 3, 2020, on Thursday, November 5, 2020, after the close of market. I mean, there has been-- it's been pretty chaotic and when people were suddenly told don't come to work, go home. And you wouldn't feel like it would be as positive as some of the infrastructure guys. Fiscal Q3 was a challenging quarter for Viavi as COVID-19 pandemic migrated from China to Europe and then to the US impacting our operations in R&D centers globally. 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. https://www.investornetwork.com/event/presentation/69564, https://www.accesswire.com/614794/Viavi-Solutions-Inc-to-Host-Earnings-Call, Panic-like buying emerges in Nasdaq Composite despite slump in stock-market index early Friday, Apple bear throws cold water on ‘supercycle’ story despite strong holiday momentum, Take a look inside Tom Brady and Gisele Bundchen’s Massachusetts mansion, Here's what Biden's clean-energy plan means for the solar industry. So I think the shortfall that we saw in the field instruments, I don't think it's going to be. Is it reasonable to think that your appetite for acquisitions is higher in this environment? But I thought you'd said that that was going to be around $50 million in the upcoming quarter. ET. So, I mean, that's down sequentially from where it was. We expect these trends to continue into Q4. So when you think about some of the resilient businesses we have, that's one of them. I think in the short term, remember it has been a very dynamic environment, it's a various stage on a lockdown starting at the end of February, some the beginning of March, some the mid-March. Clearly, you guys have an acquisition policy that's been tremendous for you, guys. Oleg Khaykin -- President and Chief Executive Officer. So indefinitely is probably too strong a word. Viavi Solutions Inc. Common Stock (VIAV) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets. 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. But the real forecast is really looking no more than like two to four weeks because we have a very short lead time. This impact was more modest for enterprise and data center product revenues, which were roughly flat to a year ago. Well, I'd say our appetite always stays the same. So just to put things in perspective, we do have another business, which is also field and that's on the avionic test, but that is less than 5% of the revenue, just from an overall Viavi perspective. But I think prior to this commentary, you had really thought about this as potentially several quarters out before you would see a pickup in this arena. Please also note that unless we state otherwise, all results except revenue are non-GAAP. Viavi Solutions last issued its quarterly earnings results on November 5th, 2020. And we have very prudent in how we spend our capex. And as you saw, we also not only have a strong cash balance, but we also put a $300 million credit facility in place, and it was all subscribed by multiple banks who are very interested in actually lending money to us. It's not just increased traffic. So we are shipping almost just in time. Our whole philosophy is that we want to remain invested in areas where we think there is potential growth, and we know there is one. One-third was mainly because we were able to quickly take a proactive action and freeze hiring. So if the right opportunity comes along, absolutely, we will definitely take a look at it. Acquisitions that you've done have been wildly -- companies have been reluctant in terms of giving you the pricing that you talked about. If you're referring to fiscal '21, we expect the core OSP business to be higher than the $50 million average because we do believe that anti-counterfeiting business is countercyclical, and we will see an increased demand in our core OSP. SCOTTSDALE, Ariz., Jan. 12, 2021 /PRNewswire/ -- Viavi Solutions Inc. (VIAVI) (NASDAQ: VIAV) today announced two Velocity Partner Program Pinnacle Award winners for … The Company will host an earnings call at 1:30pm PDT/4:30pm EDT. One of the biggest challenges that we are seeing with some of our customers is the significant increase in the upstream traffic. Viavi Tops Q3 Earnings Estimates, Withholds View mercredi, 22 avril 2020 advfn. A live webcast of the call and the replay will be available on the VIAVI website at https://investor.viavisolutions.com. Is that the right way to think about how you are forecasting your business? A live webcast of the call and the replay will be available on the VIAVI website at https://investor.viavisolutions.com. Joining me on today's … Yes. With that, I turn the call over to Oleg. So hold on. So as we emerge out of this recessionary period, we want to be much, much stronger than we are. Operating cash flow for the quarter was $39.1 million. Was that all on the core OSP or was any of that on the 3D sensing as well? Contact the source provider Comtex at editorial@comtex.com. When I talk about 60% fixed, it's fixed over six-month period, but anything, nine months, 12 months, everything is variable, right? And as the situation stabilizes, even though there is still quite a bit of uncertainty as to which states are going to reopen when and how and who is going to come back to work that I expect -- at least we are seeing some of the normalcy, and things are just kind of starting to get themselves figured out in terms of the operations returning back to normal. So overall, we have a good mix on the COGS side on our variable versus fixed mix. Market data powered by FactSet and Web Financial Group. Welcome to Viavi Solutions third quarter fiscal year 2020 earnings call. It is on Tue 2 Feb (In 27 Days). Exactly, exactly. 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. Our total cash and short-term investments ending balance was $537.3 million. So OSP should be roughly flattish on a year-on-year basis in fiscal '21 compared to fiscal '20. VIAVI Solutions 2Q21 Earnings Call. So for us, it's not an issue because we don't really play on a miler plastic notes. OSP revenue at $69.2 million exceeded the guidance range of $64 million to $68 million and increased 15.7% year on year. And the other half was travel entertainment, etc., which I think these are variable expenses that will come back as the revenue comes back. 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. Hi, good afternoon. The Company will host an earnings call at 1:30pm PDT / 4:30pm EDT.A live webcast of the call and the replay will be available on the VIAVI website at https://investor.viavisolutions.com.The quarterly earnings press release, supplementary slides and historical financial tables will be posted under the "Quarterly Results" section. Maybe, well, first off, can you quantify do you expect a similar impact that you would attribute to lockdowns? But generally, we said let's freeze hiring, so one-third of that savings came from that. 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. Viavi Solutions EPS is expected to be around $0.13, according to sell-side analysts. OK. So we have factored that in, but we came a little below that forecast for 3D sensing. Joining me on today's … 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. More toward the mid to low end versus the high-end, and we will continue to do that in the next three to four quarters. So I do think we're going to see a reduction in spend in those regions as they deal with the significant currency devaluation. And so that we will still deliver to the operating profit requirement. So as there is some pause, even on the construction side, given the lockdown and construction is also an area where we sell to in addition to the maintenance at the edge of the network, so both those areas we see a pause. And so from that perspective, if you think about our overall business, as Oleg mentioned, we will see some pressure on the edge of the network. Our fiscal Q3 was a challenging quarter for Viavi as the COVID-19 pandemic impacted all businesses around the globe. Due to the macroeconomic and business uncertainty as a result of COVID-19 global pandemic, we are not providing guidance for fiscal Q4. The uncertainty around the edge of the network is where we have biggest reservations for this quarter until things open up. This quarter, we will be participating at the following conference virtually: the J.P. Morgan Global Technology Investor Conference on May 14, the Craig-Hallum Investor Conference on May 27 and the Stifel Cross Sector Insight Investor Conference on June 9. These statements are subject to risks and uncertainties that could cause actual results to differ materially from our current expectations and estimations. Your line is open. Edited earnings call transcripts of Viavi Solutions Inc. (VIAV) stock The OSP business segment responded well to the challenges of the pandemic lockdown and exceeded our guidance range expectations. Thanks for taking the question. I mean, clearly, the guide out of light is not a good indicator for you guys. Our 11 production products, which include 5G wireless and 400-gig fiber, delivered as expected. 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. 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. So that's how you should look at how we actually brought down our opex, right? In fact, both our 11 production for 400 gig and 5G wireless, all the products shipped as expected, and the customers to come. Somebody goes in 11 does the test, while other engineers can work remotely. I mean, that kind of information you'll get from central banks. We have efficiency programs that we continue to run that we discussed during the analyst day. We expect the end market demand volatility and macroeconomic headwinds to persist in the near future. 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. Thanks for taking my question. Yeah. I think it's really issue of timing rate for most of the, I'd say, European, North American and some of the Asian operators. the advanced products, lab and production for 400 gig and 5G continue to be as strong as ever. And it will be multiple sockets. The area of the networks where most operators are working and continue to send their recognition to is the maintenance of the core of the network. Your next question comes from the line of John Marchetti of Stifel. No. In conclusion, I would like to express a special thanks to my Viavi team for their extraordinary performance during these challenging times. So we'll continue to run those. Should You Investigate Viavi Solutions Inc. At US$12.07? The area that's still kind of remains a TBD is the EDGE and the number of opportunities that are outstanding there, that are pending, the resolution one, the rest of the workforce as it comes back to work. 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. Thank you, Oleg. 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. If I could follow up real quickly with the question over on the 5G side, you mentioned in this -- and I think that reference was to any development work kind of continuing a pace in the 5G and 400 gig optical. So initially, when the notes are being distributed, they come out of inventory, which depletes their inventory of finished notes. Bottom Line. 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