Viavi Solutions Inc. (NASDAQ:VIAV) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of $0.08 per share for the quarter. Viavi Solutions has set its Q1 guidance at $0.06-0.09 EPS.
Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings results on Tuesday, August 15th. The communications equipment provider reported $0.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.03. The firm had revenue of $198.10 million for the quarter, compared to analysts’ expectations of $196.22 million. Viavi Solutions had a net margin of 20.57% and a return on equity of 8.46%. The business’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.10 earnings per share. On average, analysts expect Viavi Solutions to post $0.31 EPS for the current fiscal year and $0.5 EPS for the next fiscal year.
Viavi Solutions Inc. (VIAV) opened at 9.28 on Monday. The stock has a 50 day moving average of $9.59 and a 200-day moving average of $10.46. Viavi Solutions Inc. has a 12-month low of $6.99 and a 12-month high of $11.89. The company has a market capitalization of $2.11 billion, a PE ratio of 13.13 and a beta of 1.31.
In other Viavi Solutions news, SVP Luke M. Scrivanich sold 6,179 shares of Viavi Solutions stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $10.21, for a total value of $63,087.59. Following the completion of the transaction, the senior vice president now directly owns 18,938 shares of the company’s stock, valued at approximately $193,356.98. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Richard Belluzzo sold 10,000 shares of Viavi Solutions stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $9.54, for a total value of $95,400.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 100,694 shares of company stock valued at $978,964. 0.59% of the stock is currently owned by corporate insiders.
VIAV has been the topic of several research analyst reports. 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 lowered shares of Viavi Solutions from a “b” rating to a “c+” rating in a report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $12.78.
About Viavi Solutions
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.
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