Viavi Solutions Inc. (NASDAQ:VIAV) to Release Earnings on Tuesday
Viavi Solutions Inc. (NASDAQ:VIAV) will be releasing its earnings data after the market closes on Tuesday, August 15th. Analysts expect Viavi Solutions to post earnings of $0.08 per share for the quarter.
Viavi Solutions Inc. (VIAV) opened at 10.87 on Tuesday. The stock has a 50 day moving average of $10.98 and a 200-day moving average of $10.48. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 30.03 and a beta of 1.36. Viavi Solutions Inc. has a 52-week low of $6.96 and a 52-week high of $11.89.
In other news, SVP Luke M. Scrivanich sold 4,691 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $11.39, for a total value of $53,430.49. Following the completion of the sale, the senior vice president now directly owns 22,707 shares of the company’s stock, valued at $258,632.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 9,632 shares of company stock valued at $108,000 over the last three months. 0.35% of the stock is owned by insiders.
A number of analysts have commented on the stock. Zacks Investment Research lowered shares of Viavi Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, May 10th. BidaskClub raised shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. B. Riley reaffirmed a “neutral” rating and set a $8.75 price objective on shares of Viavi Solutions in a research note on Saturday, May 6th. TheStreet lowered shares of Viavi Solutions from a “b” rating to a “c+” rating in a research note on Tuesday, August 1st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $11.00 price objective on shares of Viavi Solutions in a research note on Thursday, August 3rd. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $11.41.
Viavi Solutions Company Profile
Viavi Solutions Inc (Viavi) is a provider of network test, monitoring and assurance solutions to communications service providers, enterprises and their ecosystems. The Company also offers thin film optical coatings, providing light management solutions to anti-counterfeiting, consumer and industrial, government and healthcare and other markets.
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