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 reported fiscal year 2026 fourth quarter results that surpassed its guidance across multiple financial metrics, reflecting solid momentum in its core markets and acquisitions.</li><li>The company posted net revenue of $443.1 million, exceeding its guidance range of $427 million to $437 million and marking an 8.9% sequential increase and a 52.5% rise year-over-year.</li><li>Operating margin improved to 24%, above guidance and representing a substantial 280 basis point sequential increase and nearly a 1000 basis point year-over-year improvement.</li></ul>

Viavi Solutions reported fiscal year 2026 fourth quarter results that surpassed its guidance across multiple financial metrics, reflecting solid momentum in its core markets and acquisitions.The company posted net revenue of $443.1 million, exceeding its guidance range of $427 million to $437 million and marking an 8.9% sequential increase and a 52.5% rise year-over-year.Operating margin improved to 24%, above guidance and representing a substantial 280 basis point sequential increase and nearly a 1000 basis point year-over-year improvement.

Viavi Solutions’ Margin Breakthrough — Operating Margin Jumps Nearly 1,000 Basis Points!

Smartkarma AI Primers, Smartkarma

αSK Primers

Smartkarma AI Primers

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

<ul>
  <li>
<a href="https://smartkarma.com/entities/viavi-solutions-inc">Viavi Solutions</a> is a key enabler of communication network deployment and maintenance, well-positioned to benefit from long-term secular trends like 5G/6G evolution, fiber optic network expansion, and data center upgrades.</li>
  <li>The company operates through two primary segments: Network and Service Enablement (NSE), its largest revenue contributor, and the high-margin Optical Security and Performance Products (OSP) segment, which provides diversification and margin stability.</li>
  <li>While facing cyclical headwinds from telecom capital expenditure, Viavi is strategically pivoting towards higher-growth areas such as aerospace and defense, cloud-native software solutions, and AI-driven test platforms to foster more resilient, recurring revenue streams.</li>
</ul><p><em>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.</em></p>


  
Viavi Solutions is a key enabler of communication network deployment and maintenance, well-positioned to benefit from long-term secular trends like 5G/6G evolution, fiber optic network expansion, and data center upgrades.
  The company operates through two primary segments: Network and Service Enablement (NSE), its largest revenue contributor, and the high-margin Optical Security and Performance Products (OSP) segment, which provides diversification and margin stability.
  While facing cyclical headwinds from telecom capital expenditure, Viavi is strategically pivoting towards higher-growth areas such as aerospace and defense, cloud-native software solutions, and AI-driven test platforms to foster more resilient, recurring revenue streams.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: Viavi Solutions (VIAV US) - May 2026

<ul><li>Viavi Solutions' financial performance for the fiscal second quarter of 2026 shows a strong position with noteworthy growth metrics and some ongoing operational challenges.</li><li>The company reported net revenue of $369.3 million, aligning with the higher end of their guidance.</li><li>This reflects a 23.5% sequential increase and a 36.4% year-over-year rise, indicating substantial growth fueled by strategic acquisitions and sectoral demand.</li></ul>

Viavi Solutions' financial performance for the fiscal second quarter of 2026 shows a strong position with noteworthy growth metrics and some ongoing operational challenges.The company reported net revenue of $369.3 million, aligning with the higher end of their guidance.This reflects a 23.5% sequential increase and a 36.4% year-over-year rise, indicating substantial growth fueled by strategic acquisitions and sectoral demand.

Viavi Solutions: Inside Aerospace & Defense—How PNT Demand Is Accelerating!

<ul><li>Viavi Solutions has reported its fiscal first-quarter results for 2026, demonstrating robust performance and several key strategic developments.</li><li>The company's net revenue for the quarter came in at $299.1 million, which exceeded the high end of the expected guidance range.</li><li>This represents a sequential growth of 3% and a significant year-over-year increase of 25.6%.</li></ul>

Viavi Solutions has reported its fiscal first-quarter results for 2026, demonstrating robust performance and several key strategic developments.The company's net revenue for the quarter came in at $299.1 million, which exceeded the high end of the expected guidance range.This represents a sequential growth of 3% and a significant year-over-year increase of 25.6%.

VIAVI Solutions’ Spirent Buyout Signals a Data Center Takeover—What You Need to Know!

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass).</li>
<li>We have discussed weekly since 10/14/25 how our near-term bullish outlook remains intact as long as SPX holds above the 3-month uptrend, coinciding with the 50-day MA; this remains true.</li>
<li>Gold (GLD) and silver (SLV) held above $358-$361 and $41.70 supports and appear ready to resume their long-term uptrends. Recently discussed we were buyers in our October 29th report</li>
</ul>


We remain near-term bullish since our 4/22/25 Compass, and our intermediate-term outlook remains bullish as well (as of our 5/14/25 Compass).
We have discussed weekly since 10/14/25 how our near-term bullish outlook remains intact as long as SPX holds above the 3-month uptrend, coinciding with the 50-day MA; this remains true.
Gold (GLD) and silver (SLV) held above $358-$361 and $41.70 supports and appear ready to resume their long-term uptrends. Recently discussed we were buyers in our October 29th report


Upside Ahead for Gold and Silver; DXY Below $100.25; SPX Holding at 3+ Month Uptrend Support

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.

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Viavi Solutions (VIAV US)

Viavi Solutions’ Margin Breakthrough — Operating Margin Jumps Nearly 1,000 Basis Points!

Viavi Solutions reported fiscal year 2026 fourth quarter results that surpassed its guidance across multiple financial metrics, reflecting solid...

Baptista Research

Primer: Viavi Solutions (VIAV US) - May 2026

Viavi Solutions is a key enabler of communication network deployment and maintenance, well-positioned to benefit from long-term secular trends...

αSK Primers

Viavi Solutions: Inside Aerospace & Defense—How PNT Demand Is Accelerating!

Viavi Solutions' financial performance for the fiscal second quarter of 2026 shows a strong position with noteworthy growth metrics and some...

Baptista Research

VIAVI Solutions’ Spirent Buyout Signals a Data Center Takeover—What You Need to Know!

Viavi Solutions has reported its fiscal first-quarter results for 2026, demonstrating robust performance and several key strategic...

Baptista Research

Upside Ahead for Gold and Silver; DXY Below $100.25; SPX Holding at 3+ Month Uptrend Support

More Upside Ahead for Gold $GLD and Silver $SLV Following Oct. 29 Buys; $DXY Below $100.25 a Risk-On Signal; Downgrading Services to Market Weight;...

Vermilion Research

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