Viavi Solutions (NASDAQ:VIAV) Updates Q1 2020 Earnings Guidance

Viavi Solutions (NASDAQ:VIAV) updated its first quarter 2020 earnings guidance on Thursday. The company provided earnings per share guidance of $0.15-0.17 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.15. The company issued revenue guidance of $282-294 million, compared to the consensus revenue estimate of $283.2 million.Viavi Solutions also updated its Q1 guidance to $0.15-0.17 EPS.

Several brokerages have recently issued reports on VIAV. TheStreet lowered Viavi Solutions from a b rating to a c+ rating in a research note on Tuesday, September 3rd. Stifel Nicolaus set a $15.00 price target on Viavi Solutions and gave the company a buy rating in a research note on Friday, August 16th. ValuEngine lowered Viavi Solutions from a buy rating to a hold rating in a research note on Thursday, August 1st. Northland Securities set a $16.00 price target on Viavi Solutions and gave the company a buy rating in a research note on Friday, August 16th. Finally, BidaskClub lowered Viavi Solutions from a strong-buy rating to a buy rating in a research note on Saturday, August 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $14.63.

Shares of VIAV opened at $14.82 on Friday. Viavi Solutions has a 52-week low of $9.17 and a 52-week high of $15.17. The business’s fifty day moving average is $14.08 and its 200-day moving average is $13.32. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.87 and a current ratio of 3.23. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 27.15 and a beta of 1.02.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings results on Thursday, August 15th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.01. Viavi Solutions had a return on equity of 16.75% and a net margin of 0.48%. The company had revenue of $289.70 million for the quarter, compared to analyst estimates of $279.18 million. During the same quarter last year, the company posted $0.14 EPS. The company’s revenue for the quarter was up 9.7% compared to the same quarter last year. As a group, research analysts forecast that Viavi Solutions will post 0.55 EPS for the current fiscal year.

In related news, CFO Amar Maletira sold 2,806 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $14.00, for a total transaction of $39,284.00. Following the sale, the chief financial officer now owns 251,720 shares in the company, valued at approximately $3,524,080. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Ralph Rondinone sold 3,200 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $14.19, for a total value of $45,408.00. Following the sale, the senior vice president now owns 27,398 shares in the company, valued at approximately $388,777.62. The disclosure for this sale can be found here. Insiders have sold a total of 29,067 shares of company stock worth $403,984 in the last 90 days. 0.50% of the stock is currently owned by corporate insiders.

About Viavi Solutions

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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Earnings History and Estimates for Viavi Solutions (NASDAQ:VIAV)

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