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

Viavi Solutions (NASDAQ:VIAV) is expected to be issuing its quarterly earnings data after the market closes on Thursday, January 30th. Analysts expect the company to announce earnings of $0.10 per share and revenue of $259,970.00 billion for the quarter. Viavi Solutions has set its Q2 guidance at $0.09 to $0.11 EPS and its Q2 2025 guidance at 0.090-0.110 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Viavi Solutions (NASDAQ:VIAV) last posted its earnings results on Thursday, October 31st. The communications equipment provider reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. Viavi Solutions had a negative net margin of 3.78% and a positive return on equity of 2.22%. The company had revenue of $238.20 million during the quarter, compared to analyst estimates of $240.09 million. During the same period in the prior year, the business posted $0.05 earnings per share. Viavi Solutions’s revenue for the quarter was down 3.9% on a year-over-year basis. 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 Up 0.9 %

Shares of NASDAQ:VIAV opened at $10.50 on Thursday. The stock’s 50-day moving average is $10.23 and its 200 day moving average is $9.11. The company has a market cap of $2.33 billion, a PE ratio of -61.76 and a beta of 0.91. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.71 and a quick ratio of 3.31. Viavi Solutions has a 1 year low of $6.60 and a 1 year high of $11.49.

Insider Transactions at Viavi Solutions

In related news, SVP Luke M. Scrivanich sold 2,802 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $10.43, for a total transaction of $29,224.86. Following the sale, the senior vice president now directly owns 54,517 shares of the company’s stock, valued at approximately $568,612.31. This represents a 4.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Masood Jabbar sold 30,000 shares of Viavi Solutions stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $10.01, for a total transaction of $300,300.00. Following the completion of the transaction, the director now directly owns 180,333 shares of the company’s stock, valued at $1,805,133.33. This trade represents a 14.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 47,802 shares of company stock valued at $481,625 in the last ninety days. 1.52% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on VIAV. Needham & Company LLC reissued a “hold” rating on shares of Viavi Solutions in a research note on Monday, December 16th. UBS Group assumed coverage on shares of Viavi Solutions in a research report on Tuesday, November 19th. They set a “neutral” rating and a $10.60 price objective on the stock. Rosenblatt Securities upped their price objective on shares of Viavi Solutions from $8.25 to $10.50 and gave the stock a “neutral” rating in a report on Friday, November 1st. Stifel Nicolaus lifted their target price on shares of Viavi Solutions from $10.50 to $12.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, StockNews.com raised shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research note on Thursday, January 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $10.44.

Viavi Solutions Company Profile

Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.