Viavi Solutions (VIAV) to Release Earnings on Thursday

Viavi Solutions (NASDAQ:VIAV) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, October 31st. Analysts expect the company to announce earnings of $0.06 per share for the quarter. Viavi Solutions has set its Q1 guidance at $0.05-0.07 EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings data on Thursday, August 8th. The communications equipment provider reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. The firm had revenue of $252.00 million during the quarter, compared to analysts’ expectations of $251.83 million. Viavi Solutions had a negative net margin of 2.58% and a positive return on equity of 3.81%. 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 Down 0.6 %

VIAV stock opened at $9.18 on Thursday. The company has a current ratio of 3.55, a quick ratio of 3.16 and a debt-to-equity ratio of 0.93. The company’s 50-day moving average price is $8.64 and its 200 day moving average price is $7.97. Viavi Solutions has a 52 week low of $6.60 and a 52 week high of $11.32. The company has a market cap of $2.04 billion, a P/E ratio of -76.49 and a beta of 0.91.

Insider Activity at Viavi Solutions

In other news, Director Masood Jabbar sold 30,000 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $8.17, for a total transaction of $245,100.00. Following the sale, the director now owns 243,514 shares in the company, valued at $1,989,509.38. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Masood Jabbar sold 30,000 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $8.17, for a total transaction of $245,100.00. Following the completion of the transaction, the director now owns 243,514 shares of the company’s stock, valued at $1,989,509.38. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Kevin Christopher Siebert sold 8,432 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $8.63, for a total transaction of $72,768.16. Following the completion of the sale, the senior vice president now directly owns 56,617 shares in the company, valued at $488,604.71. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 85,976 shares of company stock valued at $720,562. Company insiders own 1.52% of the company’s stock.

Analyst Ratings Changes

VIAV has been the topic of a number of research reports. B. Riley lowered their price target on Viavi Solutions from $9.00 to $8.50 and set a “neutral” rating on the stock in a report on Friday, August 9th. StockNews.com upgraded Viavi Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, September 10th. Rosenblatt Securities lowered shares of Viavi Solutions from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $10.00 to $8.25 in a research report on Wednesday, June 26th. Needham & Company LLC restated a “hold” rating on shares of Viavi Solutions in a report on Friday, August 9th. Finally, Stifel Nicolaus cut their target price on shares of Viavi Solutions from $13.00 to $10.50 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $10.71.

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.