Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Viavi Solutions (VIAV) Share Price

Press coverage about Viavi Solutions (NASDAQ:VIAV) has trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Viavi Solutions earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news coverage about the communications equipment provider an impact score of 44.5232020654125 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:

VIAV has been the topic of several recent research reports. Rosenblatt Securities set a $13.00 price objective on Viavi Solutions and gave the company a “buy” rating in a research report on Wednesday, December 13th. Stifel Nicolaus restated a “hold” rating on shares of Viavi Solutions in a report on Tuesday, October 24th. Needham & Company LLC restated a “hold” rating on shares of Viavi Solutions in a report on Thursday, October 12th. Finally, Zacks Investment Research cut Viavi Solutions from a “hold” rating to a “sell” rating in a report on Thursday, November 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. Viavi Solutions has an average rating of “Hold” and a consensus target price of $12.50.

Shares of Viavi Solutions (VIAV) traded down $0.05 during mid-day trading on Monday, reaching $8.82. The company had a trading volume of 1,009,448 shares, compared to its average volume of 3,002,901. The stock has a market cap of $2,010.00, a PE ratio of 25.20, a PEG ratio of 1.45 and a beta of 1.89. Viavi Solutions has a 52 week low of $8.13 and a 52 week high of $11.89. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.20 and a quick ratio of 2.10.

Viavi Solutions (NASDAQ:VIAV) last issued its earnings results on Wednesday, November 1st. The communications equipment provider reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.06. The company had revenue of $195.20 million during the quarter, compared to analysts’ expectations of $183.89 million. Viavi Solutions had a return on equity of 8.99% and a net margin of 10.57%. Viavi Solutions’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.09 EPS. research analysts anticipate that Viavi Solutions will post 0.31 EPS for the current fiscal year.

In other Viavi Solutions news, Director Richard Belluzzo sold 10,000 shares of the stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $9.54, for a total value of $95,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Kevin Christopher Siebert sold 10,689 shares of the stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $9.40, for a total value of $100,476.60. Following the completion of the sale, the vice president now owns 14,968 shares of the company’s stock, valued at approximately $140,699.20. The disclosure for this sale can be found here. Insiders have sold a total of 76,674 shares of company stock valued at $711,795 over the last 90 days. 0.59% of the stock is currently owned by company insiders.

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Viavi Solutions Company Profile

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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