Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Viavi Solutions' second quarter of fiscal year 2024 displayed promising results amid ongoing market challenges.</li><li>Revenue reached $254.5 million, surpassing the company's guidance of between $240 million and $260 million.</li><li>The revenue figure saw an increase of 2.7% from the previous quarter, though it dipped by 10.5% on a year-over-year basis.</li></ul>

Viavi Solutions' second quarter of fiscal year 2024 displayed promising results amid ongoing market challenges.Revenue reached $254.5 million, surpassing the company's guidance of between $240 million and $260 million.The revenue figure saw an increase of 2.7% from the previous quarter, though it dipped by 10.5% on a year-over-year basis.

Viavi Solutions: How Long Will The Robust Growth in Aerospace and Defense Products Last? - Major Drivers

<ul><li>Viavi's Q1 results were disappointing as it failed to meet Wall Street's revenue and earnings expectations.</li><li>In the quarter, revenue totaled $247.9 million, below the midpoint of the guidance range of $240 million to $260 million.</li><li>NSE revenue was $170.4 million, exceeding the lower end of the guidance range.</li></ul>

Viavi's Q1 results were disappointing as it failed to meet Wall Street's revenue and earnings expectations.In the quarter, revenue totaled $247.9 million, below the midpoint of the guidance range of $240 million to $260 million.NSE revenue was $170.4 million, exceeding the lower end of the guidance range.

Viavi Solutions Inc.: Introducing XhaulAdvisor - A Game Changer in Wireless? - Major Drivers

<ul><li>Viavi Solutions Inc. managed to surpass the revenue expectations as well as the earnings expectations of Wall Street.</li><li>Although NSE revenue decreased sequentially but increased year over year, it was primarily driven by the company's NE business sector.</li><li>Nevertheless, a stronger demand for anti-counterfeiting products helped the fourth quarter's revenue increase somewhat than anticipated.</li></ul>

Viavi Solutions Inc. managed to surpass the revenue expectations as well as the earnings expectations of Wall Street.Although NSE revenue decreased sequentially but increased year over year, it was primarily driven by the company's NE business sector.Nevertheless, a stronger demand for anti-counterfeiting products helped the fourth quarter's revenue increase somewhat than anticipated.

Viavi Solutions Inc.: New Testing Capabilities for Non-Terrestrial Networks & Other Major Developments

<ul><li>Viavi encountered challenges in the last quarter, including declining revenue and weaker spending in certain segments.</li><li>NSE revenues experienced a significant year-over-year decline, while OSP revenue also decreased.</li><li>The company anticipates a stable performance in the next quarter, with revenue expectations and operating profit margin in line with projections.</li></ul>

Viavi encountered challenges in the last quarter, including declining revenue and weaker spending in certain segments.NSE revenues experienced a significant year-over-year decline, while OSP revenue also decreased.The company anticipates a stable performance in the next quarter, with revenue expectations and operating profit margin in line with projections.

Viavi Solutions Inc.: Launch of CX100 ComXpert & Other Drivers

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Murakami to tender stake in <a href="https://www.smartkarma.com/entities/jsr-corp" target="_blank" data-smartkarma-citation="entities:17620:1" rel="noopener">JSR Corp (4185 JP)</a>? Maybe the "double arb": i.e. short on swap, long on cash, will tender the cash, remain short the back end.</li>
<li>
<a href="https://www.smartkarma.com/entities/austal-ltd" target="_blank" data-smartkarma-citation="entities:14420:1" rel="noopener">Austal Ltd (ASB AU)</a> rejected (for now) <a href="https://www.smartkarma.com/entities/hanwha-ocean-co-ltd" target="_blank" data-smartkarma-citation="entities:12531:1" rel="noopener">Hanwha Ocean (042660 KS)</a>'s bid based on regulatory concerns.  Hanwha reckons these should not be an issue.</li>
<li>If you can tolerate owning the mobile biz, buy <a href="https://www.smartkarma.com/entities/rakuten-group-inc" target="_blank" data-smartkarma-citation="entities:31:1" rel="noopener">Rakuten (4755 JP)</a> on dips. If not, avoid Rakuten Group and Rakuten Bank short-term; buy Rakuten Bank on larger dips.</li>
</ul>


Murakami to tender stake in JSR Corp (4185 JP)? Maybe the "double arb": i.e. short on swap, long on cash, will tender the cash, remain short the back end.

Austal Ltd (ASB AU) rejected (for now) Hanwha Ocean (042660 KS)'s bid based on regulatory concerns.  Hanwha reckons these should not be an issue.
If you can tolerate owning the mobile biz, buy Rakuten (4755 JP) on dips. If not, avoid Rakuten Group and Rakuten Bank short-term; buy Rakuten Bank on larger dips.


Last Week in Event SPACE: JSR, Austal, Rakuten, Hyundai Home Shopping, Hanmi Science

United States

Viavi Solutions Inc. provides network and service enabling solutions and optical products. The Company offers installation, commissioning, scripting, custom analytics, integration, business intelligence consulting, operational assistance, field and lab testing, technical training, maintenance, and support services. Viavi Solutions serves customers worldwide.

Viavi Solutions (VIAV US)

Viavi Solutions: How Long Will The Robust Growth in Aerospace and Defense Products Last? - Major Drivers

Viavi Solutions' second quarter of fiscal year 2024 displayed promising results amid ongoing market challenges. Revenue reached $254.5 million,...

Baptista Research

Viavi Solutions Inc.: Introducing XhaulAdvisor - A Game Changer in Wireless? - Major Drivers

Viavi's Q1 results were disappointing as it failed to meet Wall Street's revenue and earnings expectations. In the quarter, revenue totaled $247.9...

Baptista Research

Viavi Solutions Inc.: New Testing Capabilities for Non-Terrestrial Networks & Other Major Developments

Viavi Solutions Inc. managed to surpass the revenue expectations as well as the earnings expectations of Wall Street. Although NSE revenue...

Baptista Research

Viavi Solutions Inc.: Launch of CX100 ComXpert & Other Drivers

Viavi encountered challenges in the last quarter, including declining revenue and weaker spending in certain segments. NSE revenues experienced a...

Baptista Research

Last Week in Event SPACE: JSR, Austal, Rakuten, Hyundai Home Shopping, Hanmi Science

The weekend is here! Pour yourself a coffee, grab a comfortable seat, and sift through a brief summary of insights on various events discussed...

David Blennerhassett