Viavi Solutions Inc. (NASDAQ:VIAV) – Analysts at William Blair decreased their Q3 2018 EPS estimates for shares of Viavi Solutions in a report issued on Tuesday. William Blair analyst D. Netis now anticipates that the communications equipment provider will post earnings of $0.10 per share for the quarter, down from their previous forecast of $0.11. William Blair also issued estimates for Viavi Solutions’ Q1 2019 earnings at $0.11 EPS, Q2 2019 earnings at $0.12 EPS, Q3 2019 earnings at $0.11 EPS, Q4 2019 earnings at $0.12 EPS and FY2019 earnings at $0.45 EPS.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings results on Wednesday, November 1st. The communications equipment provider reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.06. Viavi Solutions had a net margin of 20.57% and a return on equity of 8.46%. The business had revenue of $195.20 million for the quarter, compared to analysts’ expectations of $183.89 million. During the same quarter last year, the firm earned $0.09 EPS. The firm’s revenue for the quarter was down 7.4% compared to the same quarter last year.

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A number of other brokerages have also recently weighed in on VIAV. Needham & Company LLC restated a “hold” rating on shares of Viavi Solutions in a report on Thursday, October 12th. BidaskClub upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Stifel Nicolaus restated a “hold” rating on shares of Viavi Solutions in a report on Tuesday, October 24th. B. Riley restated a “buy” rating and issued a $14.00 price objective on shares of Viavi Solutions in a report on Tuesday, August 15th. Finally, TheStreet cut shares of Viavi Solutions from a “b” rating to a “c+” rating in a report on Tuesday, August 1st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $12.78.

A number of institutional investors have recently modified their holdings of the stock. Stevens Capital Management LP lifted its position in Viavi Solutions by 380.5% during the third quarter. Stevens Capital Management LP now owns 79,770 shares of the communications equipment provider’s stock valued at $755,000 after purchasing an additional 63,168 shares during the period. Canada Pension Plan Investment Board lifted its position in Viavi Solutions by 21.2% during the third quarter. Canada Pension Plan Investment Board now owns 2,002,100 shares of the communications equipment provider’s stock valued at $18,940,000 after purchasing an additional 350,600 shares during the period. Victory Capital Management Inc. lifted its position in Viavi Solutions by 15.4% during the third quarter. Victory Capital Management Inc. now owns 2,174,741 shares of the communications equipment provider’s stock valued at $20,573,000 after purchasing an additional 289,411 shares during the period. Crossmark Global Holdings Inc. bought a new position in Viavi Solutions during the third quarter valued at approximately $384,000. Finally, First Trust Advisors LP lifted its position in Viavi Solutions by 75.1% during the third quarter. First Trust Advisors LP now owns 67,298 shares of the communications equipment provider’s stock valued at $637,000 after purchasing an additional 28,858 shares during the period. Institutional investors own 92.38% of the company’s stock.

In related news, SVP Ralph Rondinone sold 27,272 shares of the stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $9.44, for a total transaction of $257,447.68. Following the transaction, the senior vice president now owns 22,738 shares in the company, valued at $214,646.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard Belluzzo sold 10,000 shares of the stock in a transaction that occurred on Friday, October 13th. The shares were 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. In the last quarter, insiders have sold 100,151 shares of company stock worth $972,975. Corporate insiders own 0.59% of the company’s stock.

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.

Earnings History and Estimates for Viavi Solutions (NASDAQ:VIAV)

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