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Viavi backs Q1 guidance and announces $300 million share buyback program

Viavi backs Q1 guidance and announces $300 million share buyback program

Viavi Solutions Inc. , a provider of testing and monitoring equipment for networks, announced Tuesday that its board has approved a stock buyback program of up to $300 million. The new program replaces the former $200 million authorization which expires Sept. 30. The Chandler, Ariz.-based company also reaffirmed its first-quarter guidance for revenue of $317 million to $331 million and adjusted per-share earnings of 22 cents to 24 cents. The FactSet consensus is for revenue of $327 million and a