Viavi Solutions Inc (VIAV) Expected to Announce Quarterly Sales of $260.27 Million

Equities research analysts expect Viavi Solutions Inc (NASDAQ:VIAV) to announce sales of $260.27 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Viavi Solutions’ earnings. The lowest sales estimate is $257.30 million and the highest is $264.26 million. Viavi Solutions reported sales of $219.40 million in the same quarter last year, which would suggest a positive year over year growth rate of 18.6%. The company is expected to announce its next quarterly earnings report on Thursday, May 2nd.

On average, analysts expect that Viavi Solutions will report full-year sales of $1.09 billion for the current fiscal year, with estimates ranging from $1.07 billion to $1.11 billion. For the next fiscal year, analysts expect that the business will report sales of $1.16 billion, with estimates ranging from $1.13 billion to $1.20 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover Viavi Solutions.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings results on Tuesday, February 5th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.06. Viavi Solutions had a negative net margin of 3.76% and a positive return on equity of 15.82%. The business had revenue of $298.40 million during the quarter, compared to the consensus estimate of $280.93 million. During the same quarter last year, the firm posted $0.09 EPS. Viavi Solutions’s revenue was up 47.9% compared to the same quarter last year.

A number of research firms have issued reports on VIAV. Zacks Investment Research raised shares of Viavi Solutions from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Saturday. BidaskClub downgraded shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 5th. TheStreet raised shares of Viavi Solutions from a “c” rating to a “b-” rating in a report on Wednesday, February 6th. ValuEngine raised shares of Viavi Solutions from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Finally, Stifel Nicolaus assumed coverage on shares of Viavi Solutions in a report on Monday, October 22nd. They set a “buy” rating and a $14.00 price objective on the stock. One analyst has rated the stock with a sell rating and ten have given a buy rating to the company’s stock. Viavi Solutions currently has a consensus rating of “Buy” and a consensus target price of $12.62.

In related news, Director Keith Barnes sold 11,074 shares of the business’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $9.73, for a total value of $107,750.02. Following the transaction, the director now directly owns 98,471 shares of the company’s stock, valued at approximately $958,122.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 13,149 shares of company stock worth $127,959 over the last three months. 0.50% of the stock is owned by insiders.

Several large investors have recently modified their holdings of the stock. Meeder Asset Management Inc. bought a new stake in Viavi Solutions in the 4th quarter valued at about $31,000. Pearl River Capital LLC bought a new stake in Viavi Solutions in the 4th quarter valued at about $45,000. First Quadrant L P CA bought a new stake in Viavi Solutions in the 4th quarter valued at about $76,000. Raymond James & Associates bought a new stake in Viavi Solutions in the 2nd quarter valued at about $109,000. Finally, Main Street Research LLC bought a new stake in Viavi Solutions in the 3rd quarter valued at about $121,000. 90.56% of the stock is currently owned by institutional investors.

NASDAQ VIAV opened at $11.97 on Tuesday. Viavi Solutions has a 12-month low of $9.11 and a 12-month high of $12.82. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.99 and a quick ratio of 2.70. The firm has a market capitalization of $2.67 billion, a P/E ratio of 35.21 and a beta of 0.84.

Viavi Solutions Company Profile

Viavi Solutions Inc provides network test, monitoring, and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil government, military, and avionics customers worldwide. The company operates through Network Enablement, Service Enablement, and Optical Security and Performance Products segments.

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