Viavi Solutions (NASDAQ:VIAV - Get Free Report) will be releasing its earnings data after the market closes on Thursday, October 31st. Analysts expect Viavi Solutions to post earnings of $0.06 per share for the quarter. Viavi Solutions has set its Q1 guidance at $0.05-0.07 EPS.Persons that wish to listen to the company's earnings conference call can do so using this link.
Viavi Solutions (NASDAQ:VIAV - Get Free Report) last posted its earnings results on Thursday, August 8th. The communications equipment provider reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. Viavi Solutions had a positive return on equity of 3.81% and a negative net margin of 2.58%. The company had revenue of $252.00 million for the quarter, compared to analyst estimates of $251.83 million. On average, analysts expect Viavi Solutions to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Viavi Solutions Stock Up 0.2 %
VIAV traded up $0.02 on Thursday, hitting $9.20. The company had a trading volume of 939,527 shares, compared to its average volume of 1,763,975. Viavi Solutions has a 12-month low of $6.60 and a 12-month high of $11.32. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of -460.00 and a beta of 0.91. The company has a debt-to-equity ratio of 0.93, a quick ratio of 3.16 and a current ratio of 3.55. The stock has a fifty day moving average price of $8.66 and a 200-day moving average price of $7.98.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the company. Rosenblatt Securities lowered Viavi Solutions from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $10.00 to $8.25 in a research note on Wednesday, June 26th. Needham & Company LLC restated a "hold" rating on shares of Viavi Solutions in a research note on Friday, August 9th. B. Riley dropped their target price 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. Stifel Nicolaus dropped their target price on Viavi Solutions from $13.00 to $10.50 and set a "buy" rating on the stock in a research report on Tuesday, August 6th. Finally, StockNews.com upgraded Viavi Solutions from a "hold" rating to a "buy" rating in a research report on Tuesday, September 10th. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $10.71.
Check Out Our Latest Report on VIAV
Insider Buying and Selling
In other Viavi Solutions news, Director Masood Jabbar sold 15,000 shares of the firm's stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $9.17, for a total value of $137,550.00. Following the sale, the director now directly owns 213,514 shares of the company's stock, valued at approximately $1,957,923.38. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Kevin Christopher Siebert sold 8,432 shares of Viavi Solutions stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $8.63, for a total value of $72,768.16. Following the sale, the senior vice president now directly owns 56,617 shares in the company, valued at approximately $488,604.71. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Masood Jabbar sold 15,000 shares of the business's stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $9.17, for a total value of $137,550.00. Following the sale, the director now owns 213,514 shares of the company's stock, valued at approximately $1,957,923.38. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 85,976 shares of company stock valued at $720,562. 1.80% of the stock is owned by company insiders.
Viavi Solutions Company Profile
(
Get Free Report)
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.
Featured Stories
Before you consider Viavi Solutions, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Viavi Solutions wasn't on the list.
While Viavi Solutions currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
