Analysts Expect Viavi Solutions Inc (VIAV) Will Post Earnings of $0.08 Per Share
Equities research analysts expect that Viavi Solutions Inc (NASDAQ:VIAV) will announce earnings per share of $0.08 for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Viavi Solutions’ earnings. The highest EPS estimate is $0.10 and the lowest is $0.07. Viavi Solutions posted earnings per share of $0.09 in the same quarter last year, which indicates a negative year over year growth rate of 11.1%. The business is scheduled to issue its next earnings results on Tuesday, November 7th.
On average, analysts expect that Viavi Solutions will report full-year earnings of $0.41 per share for the current fiscal year, with EPS estimates ranging from $0.33 to $0.44. For the next financial year, analysts forecast that the company will report earnings of $0.53 per share, with EPS estimates ranging from $0.38 to $0.63. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Viavi Solutions.
Viavi Solutions (NASDAQ:VIAV) last released its earnings results on Tuesday, August 15th. The communications equipment provider reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. The firm had revenue of $198.10 million during the quarter, compared to the consensus estimate of $196.22 million. Viavi Solutions had a return on equity of 6.23% and a net margin of 6.11%. The company’s revenue was down 11.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.10 EPS.
A number of equities analysts have recently commented on VIAV shares. Stifel Nicolaus reaffirmed a “hold” rating and issued a $11.00 price target (up from $9.50) on shares of Viavi Solutions in a report on Thursday, June 22nd. BidaskClub lowered Viavi Solutions from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Zacks Investment Research raised Viavi Solutions from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Tuesday, June 27th. B. Riley raised Viavi Solutions from a “neutral” rating to a “buy” rating and set a $14.00 price target for the company in a report on Friday, July 21st. Finally, TheStreet lowered Viavi Solutions from a “b” rating to a “c+” rating in a report on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $12.34.
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Shares of Viavi Solutions (NASDAQ VIAV) opened at 9.62 on Thursday. The company has a market capitalization of $2.19 billion, a P/E ratio of 13.61 and a beta of 1.35. Viavi Solutions has a 52-week low of $6.99 and a 52-week high of $11.89. The stock’s 50 day moving average price is $10.32 and its 200-day moving average price is $10.63.
In related news, VP Kevin Christopher Siebert sold 4,591 shares of Viavi Solutions stock in a transaction on Monday, August 21st. The stock was sold at an average price of $10.11, for a total transaction of $46,415.01. Following the completion of the sale, the vice president now owns 6,600 shares of the company’s stock, valued at $66,726. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Paul Mcnab sold 27,936 shares of Viavi Solutions stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $9.87, for a total value of $275,728.32. Following the sale, the executive vice president now directly owns 44,755 shares of the company’s stock, valued at approximately $441,731.85. The disclosure for this sale can be found here. Insiders have sold 52,733 shares of company stock valued at $525,640 in the last three months. 0.35% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of the stock. Ardsley Advisory Partners bought a new stake in Viavi Solutions during the second quarter valued at $6,426,000. Dynamic Technology Lab Private Ltd boosted its stake in Viavi Solutions by 140.2% during the second quarter. Dynamic Technology Lab Private Ltd now owns 56,497 shares of the communications equipment provider’s stock valued at $595,000 after buying an additional 32,972 shares during the period. Verition Fund Management LLC boosted its stake in Viavi Solutions by 45.3% during the second quarter. Verition Fund Management LLC now owns 110,297 shares of the communications equipment provider’s stock valued at $1,161,000 after buying an additional 34,385 shares during the period. Piedmont Investment Advisors LLC boosted its stake in Viavi Solutions by 257.0% during the second quarter. Piedmont Investment Advisors LLC now owns 49,170 shares of the communications equipment provider’s stock valued at $518,000 after buying an additional 35,395 shares during the period. Finally, Bank of Nova Scotia boosted its stake in Viavi Solutions by 20.9% during the second quarter. Bank of Nova Scotia now owns 442,325 shares of the communications equipment provider’s stock valued at $4,658,000 after buying an additional 76,325 shares during the period. 92.50% of the stock is owned by institutional investors.
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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