Equities analysts expect Viavi Solutions Inc (NASDAQ:VIAV) to post sales of $266.91 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Viavi Solutions’ earnings, with the lowest sales estimate coming in at $263.87 million and the highest estimate coming in at $269.77 million. Viavi Solutions reported sales of $195.20 million during the same quarter last year, which would suggest a positive year over year growth rate of 36.7%. The firm is scheduled to report its next earnings report on Wednesday, November 7th.
On average, analysts expect that Viavi Solutions will report full year sales of $1.08 billion for the current year, with estimates ranging from $1.07 billion to $1.10 billion. For the next year, analysts expect that the company will post sales of $1.13 billion per share, with estimates ranging from $1.12 billion to $1.13 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Viavi Solutions.
Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings results on Tuesday, August 14th. The communications equipment provider reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. Viavi Solutions had a negative net margin of 5.22% and a positive return on equity of 11.57%. The business had revenue of $264.00 million for the quarter, compared to analysts’ expectations of $255.10 million. During the same period in the previous year, the company posted $0.12 EPS. Viavi Solutions’s revenue was up 33.3% on a year-over-year basis.
Several equities analysts have recently commented on VIAV shares. Zacks Investment Research cut shares of Viavi Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, May 22nd. ValuEngine upgraded shares of Viavi Solutions from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. William Blair reiterated a “buy” rating on shares of Viavi Solutions in a report on Friday, June 15th. Deutsche Bank initiated coverage on shares of Viavi Solutions in a report on Thursday, June 7th. They issued a “hold” rating and a $10.50 price objective for the company. Finally, BidaskClub upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a report on Thursday, June 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $11.29.
Viavi Solutions stock opened at $11.30 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.89 and a current ratio of 2.05. Viavi Solutions has a 12 month low of $8.34 and a 12 month high of $11.55. The firm has a market cap of $2.55 billion, a PE ratio of 33.24 and a beta of 0.94.
In related news, SVP Ralph Rondinone sold 4,949 shares of the company’s stock in a transaction on Thursday, August 30th. The shares were sold at an average price of $11.43, for a total value of $56,567.07. Following the completion of the sale, the senior vice president now directly owns 24,695 shares in the company, valued at $282,263.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.59% of the company’s stock.
A number of large investors have recently modified their holdings of VIAV. Koch Industries Inc. bought a new stake in Viavi Solutions in the first quarter worth $104,000. Raymond James & Associates acquired a new position in Viavi Solutions during the 2nd quarter worth $109,000. Element Capital Management LLC acquired a new position in Viavi Solutions during the 1st quarter worth $139,000. Dynamic Technology Lab Private Ltd acquired a new position in Viavi Solutions during the 1st quarter worth $173,000. Finally, US Bancorp DE lifted its position in Viavi Solutions by 49.5% during the 1st quarter. US Bancorp DE now owns 18,254 shares of the communications equipment provider’s stock worth $177,000 after acquiring an additional 6,040 shares during the last quarter. Hedge funds and other institutional investors own 91.02% of the company’s stock.
Viavi Solutions Company Profile
Viavi Solutions Inc provides network test, monitoring, and assurance solutions to communications service providers, and enterprises and their ecosystems worldwide. The company operates through Network Enablement, Service Enablement, and Optical Security and Performance Products segments. The Network Enablement segment offers testing solutions that access the network to perform build-out and maintenance tasks.
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