Viavi Solutions (NASDAQ:VIAV) Updates Q4 2024 Earnings Guidance

Viavi Solutions (NASDAQ:VIAV) issued an update on its fourth quarter 2024 earnings guidance on Friday morning. The company provided earnings per share guidance of 0.060-0.080 for the period, compared to the consensus earnings per share estimate of 0.110. The company issued revenue guidance of $246.0 million-$258.0 million, compared to the consensus revenue estimate of $264.4 million.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Stifel Nicolaus restated a buy rating and set a $13.00 price target on shares of Viavi Solutions in a report on Monday, April 1st. Needham & Company LLC restated a hold rating on shares of Viavi Solutions in a report on Friday. Susquehanna lowered Viavi Solutions from a positive rating to a neutral rating and set a $9.00 target price on the stock. in a research note on Friday. Morgan Stanley upped their price target on shares of Viavi Solutions from $9.00 to $11.00 and gave the stock an equal weight rating in a report on Wednesday, March 6th. Finally, Northland Securities lifted their price objective on shares of Viavi Solutions from $12.00 to $17.00 and gave the company an outperform rating in a report on Wednesday, March 6th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $12.00.

Viavi Solutions Stock Performance

Shares of Viavi Solutions stock opened at $7.56 on Monday. Viavi Solutions has a 12 month low of $7.10 and a 12 month high of $11.65. The stock’s fifty day moving average price is $9.11 and its 200-day moving average price is $9.05. The firm has a market cap of $1.68 billion, a P/E ratio of -378.00 and a beta of 0.97. The company has a current ratio of 3.81, a quick ratio of 3.35 and a debt-to-equity ratio of 0.90.

Viavi Solutions (NASDAQ:VIAV) last posted its earnings results on Thursday, May 2nd. The communications equipment provider reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Viavi Solutions had a positive return on equity of 4.65% and a negative net margin of 0.42%. The company had revenue of $246.00 million for the quarter, compared to analysts’ expectations of $249.08 million. During the same quarter in the prior year, the company earned $0.02 EPS. The firm’s quarterly revenue was down .7% on a year-over-year basis. On average, equities research analysts expect that Viavi Solutions will post 0.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Viavi Solutions news, SVP Kevin Christopher Siebert sold 13,967 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $10.70, for a total value of $149,446.90. Following the sale, the senior vice president now owns 47,097 shares in the company, valued at approximately $503,937.90. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, EVP Paul Mcnab sold 15,004 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $10.62, for a total value of $159,342.48. Following the completion of the sale, the executive vice president now owns 57,940 shares of the company’s stock, valued at approximately $615,322.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Kevin Christopher Siebert sold 13,967 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $10.70, for a total transaction of $149,446.90. Following the transaction, the senior vice president now directly owns 47,097 shares in the company, valued at $503,937.90. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

About Viavi Solutions

Viavi Solutions Inc provides network test, monitoring, and assurance solutions for communications service providers, hyperscalers, network equipment manufacturers, original equipment manufacturers, government, and avionics customers in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.