Viavi Solutions (NASDAQ:VIAV – Get Free Report) 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 – Get Free Report) 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
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.
Check Out Our Latest Stock Report on VIAV
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.
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