Viavi Solutions Inc. (VIAV) Scheduled to Post Earnings on Wednesday
Viavi Solutions Inc. (NASDAQ:VIAV) will release its earnings data after the market closes on Wednesday, November 1st. Analysts expect Viavi Solutions to post earnings of $0.08 per share for the quarter. Viavi Solutions has set its Q1 guidance at $0.06-0.09 EPS.
Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings results on Tuesday, August 15th. The communications equipment provider reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. Viavi Solutions had a net margin of 20.57% and a return on equity of 8.46%. The firm had revenue of $198.10 million during the quarter, compared to analyst estimates of $196.22 million. During the same period in the previous year, the business posted $0.10 earnings per share. The business’s revenue for the quarter was down 11.6% on a year-over-year basis. On average, analysts expect Viavi Solutions to post $0.31 EPS for the current fiscal year and $0.5 EPS for the next fiscal year.
Shares of Viavi Solutions Inc. (NASDAQ VIAV) opened at 9.57 on Wednesday. The stock has a 50 day moving average of $9.66 and a 200-day moving average of $10.48. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 13.54 and a beta of 1.31. Viavi Solutions Inc. has a 52 week low of $6.99 and a 52 week high of $11.89.
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Several equities analysts recently commented on the stock. B. Riley reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Viavi Solutions in a research report on Thursday, August 10th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Viavi Solutions in a research report on Tuesday. Zacks Investment Research lowered shares of Viavi Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, August 19th. MKM Partners raised their price target on shares of Viavi Solutions from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, August 16th. Finally, BidaskClub lowered shares of Viavi Solutions from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $12.78.
In other news, VP Kevin Christopher Siebert sold 10,689 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $9.40, for a total transaction of $100,476.60. Following the sale, the vice president now owns 14,968 shares of the company’s stock, valued at approximately $140,699.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard Belluzzo sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $9.54, for a total transaction of $95,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 100,694 shares of company stock valued at $978,964 over the last three months. 0.59% of the stock is currently owned by insiders.
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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