Viavi Solutions (NASDAQ:VIAV) Releases Quarterly Earnings Results, Meets Estimates

Viavi Solutions (NASDAQ:VIAV - Get Free Report) issued its earnings results on Thursday. The communications equipment provider reported $0.06 EPS for the quarter, hitting analysts' consensus estimates of $0.06, Briefing.com reports. Viavi Solutions had a positive return on equity of 3.81% and a negative net margin of 2.58%. The firm had revenue of $238.20 million for the quarter, compared to the consensus estimate of $240.09 million. During the same quarter in the prior year, the business earned $0.05 earnings per share. The company's revenue was down 3.9% compared to the same quarter last year. Viavi Solutions updated its Q2 guidance to $0.09 to $0.11 EPS and its Q2 2025 guidance to 0.090-0.110 EPS.

Viavi Solutions Price Performance

NASDAQ VIAV traded up $0.63 during trading hours on Friday, hitting $9.85. 4,661,051 shares of the company's stock traded hands, compared to its average volume of 1,783,827. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.55 and a quick ratio of 3.16. The firm's 50-day moving average is $8.78 and its 200-day moving average is $8.00. Viavi Solutions has a 52-week low of $6.60 and a 52-week high of $11.32. The company has a market capitalization of $2.18 billion, a PE ratio of -58.29 and a beta of 0.91.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Stifel Nicolaus lowered their price target on shares of Viavi Solutions from $13.00 to $10.50 and set a "buy" rating on the stock in a report on Tuesday, August 6th. Needham & Company LLC reissued a "hold" rating on shares of Viavi Solutions in a research note on Friday. B. Riley lowered their price target on Viavi Solutions from $9.00 to $8.50 and set a "neutral" rating on the stock in a research report on Friday, August 9th. StockNews.com upgraded Viavi Solutions from a "hold" rating to a "buy" rating in a research report on Tuesday, September 10th. Finally, Rosenblatt Securities boosted their price target on shares of Viavi Solutions from $8.25 to $10.50 and gave the stock a "neutral" rating in a report on Friday. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Viavi Solutions has a consensus rating of "Moderate Buy" and a consensus price target of $10.42.

Insider Transactions at Viavi Solutions

In related news, EVP Paul Mcnab sold 7,324 shares of Viavi Solutions stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $7.52, for a total transaction of $55,076.48. Following the transaction, the executive vice president now owns 35,631 shares in the company, valued at approximately $267,945.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, SVP Luke M. Scrivanich sold 3,029 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $8.86, for a total value of $26,836.94. Following the completion of the transaction, the senior vice president now directly owns 57,319 shares in the company, valued at approximately $507,846.34. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Paul Mcnab sold 7,324 shares of Viavi Solutions stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $7.52, for a total value of $55,076.48. Following the completion of the sale, the executive vice president now owns 35,631 shares in the company, valued at $267,945.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 85,976 shares of company stock worth $720,562 in the last ninety days. Insiders own 1.52% 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.

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