Viavi Solutions (VIAV) Scheduled to Post Quarterly Earnings on Thursday

Viavi Solutions (NASDAQ:VIAV) will issue its quarterly earnings data after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.07 per share for the quarter. Viavi Solutions has set its Q3 guidance at $0.05-0.09 EPS and its Q3 2024 guidance at 0.050-0.090 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings results on Thursday, February 1st. The communications equipment provider reported $0.05 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.05. The business had revenue of $254.50 million for the quarter, compared to analysts’ expectations of $249.77 million. Viavi Solutions had a return on equity of 5.38% and a net margin of 0.49%. On average, analysts expect Viavi Solutions to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Viavi Solutions Stock Performance

Shares of VIAV stock opened at $8.02 on Tuesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.72 and a current ratio of 3.09. The stock has a market cap of $1.78 billion, a PE ratio of 400.75 and a beta of 0.95. Viavi Solutions has a 1 year low of $7.26 and a 1 year high of $11.65. The stock has a fifty day moving average price of $9.28 and a 200 day moving average price of $9.05.

Insider Transactions at Viavi Solutions

In related news, SVP Kevin Christopher Siebert sold 13,967 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $10.70, for a total value of $149,446.90. Following the completion of the sale, the senior vice president now directly owns 47,097 shares of the company’s stock, valued at $503,937.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Viavi Solutions news, SVP Kevin Christopher Siebert sold 13,967 shares of Viavi Solutions stock in a transaction on Monday, March 11th. The shares were sold at an average price of $10.70, for a total value of $149,446.90. Following the completion of the transaction, the senior vice president now owns 47,097 shares of the company’s stock, valued at $503,937.90. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Paul Mcnab sold 15,004 shares of Viavi Solutions stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $10.62, for a total transaction of $159,342.48. Following the completion of the transaction, the executive vice president now directly owns 57,940 shares of the company’s stock, valued at $615,322.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,093 shares of company stock valued at $319,841. Insiders own 1.80% of the company’s stock.

Analysts Set New Price Targets

VIAV has been the topic of a number of research reports. Rosenblatt Securities lowered their price objective on shares of Viavi Solutions from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, April 3rd. Northland Securities raised their price objective on shares of Viavi Solutions from $12.00 to $17.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. StockNews.com raised Viavi Solutions from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. Morgan Stanley increased their target price on Viavi Solutions from $9.00 to $11.00 and gave the company an “equal weight” rating in a report on Wednesday, March 6th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Viavi Solutions in a report on Monday, April 1st. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $13.60.

About Viavi Solutions

Viavi Solutions Inc provides network test, monitoring, and assurance solutions for communications service providers, hyperscalers, network equipment manufacturers, original equipment manufacturers, government, and avionics customers in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.