Zacks: Brokerages Expect Viavi Solutions Inc (VIAV) Will Announce Quarterly Sales of $253.32 Million

Wall Street brokerages expect Viavi Solutions Inc (NASDAQ:VIAV) to report $253.32 million in sales for the current quarter, according to Zacks. Four analysts have issued estimates for Viavi Solutions’ earnings. The lowest sales estimate is $249.56 million and the highest is $255.40 million. Viavi Solutions posted sales of $198.10 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 27.9%. The business is expected to report its next earnings results on Tuesday, August 21st.

On average, analysts expect that Viavi Solutions will report full year sales of $869.37 million for the current fiscal year, with estimates ranging from $865.96 million to $871.80 million. For the next year, analysts anticipate that the firm will post sales of $1.07 billion per share, with estimates ranging from $1.04 billion to $1.13 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Viavi Solutions.

Viavi Solutions (NASDAQ:VIAV) last posted its earnings results on Thursday, May 3rd. The communications equipment provider reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.04. The firm had revenue of $219.40 million for the quarter, compared to analysts’ expectations of $208.00 million. Viavi Solutions had a negative net margin of 0.43% and a positive return on equity of 10.74%. The company’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.09 earnings per share.



A number of analysts have weighed in on the stock. Argus raised shares of Viavi Solutions from a “hold” rating to a “buy” rating and set a $9.92 target price on the stock in a research note on Tuesday, May 8th. BidaskClub raised shares of Viavi Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, March 7th. Zacks Investment Research raised shares of Viavi Solutions from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Friday, March 23rd. ValuEngine cut shares of Viavi Solutions from a “hold” rating to a “sell” rating in a research note on Friday, March 23rd. Finally, JPMorgan Chase & Co. assumed coverage on shares of Viavi Solutions in a research note on Thursday, May 3rd. They set an “underweight” rating and a $10.00 target price on the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $11.09.

In related news, CFO Amar Maletira sold 4,500 shares of the business’s stock in a transaction on Thursday, April 12th. The shares were sold at an average price of $10.25, for a total value of $46,125.00. Following the transaction, the chief financial officer now owns 150,022 shares in the company, valued at $1,537,725.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. In the last 90 days, insiders sold 7,203 shares of company stock worth $73,371. 0.59% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd bought a new stake in Viavi Solutions in the 1st quarter worth about $173,000. Principal Financial Group Inc. lifted its stake in shares of Viavi Solutions by 2.2% during the 1st quarter. Principal Financial Group Inc. now owns 1,764,190 shares of the communications equipment provider’s stock valued at $17,148,000 after buying an additional 37,253 shares in the last quarter. Xact Kapitalforvaltning AB lifted its stake in shares of Viavi Solutions by 35.8% during the 1st quarter. Xact Kapitalforvaltning AB now owns 37,910 shares of the communications equipment provider’s stock valued at $368,000 after buying an additional 10,000 shares in the last quarter. Legal & General Group Plc lifted its stake in Viavi Solutions by 5.2% in the 1st quarter. Legal & General Group Plc now owns 478,855 shares of the communications equipment provider’s stock worth $4,616,000 after purchasing an additional 23,755 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in Viavi Solutions by 991.2% in the 1st quarter. Millennium Management LLC now owns 2,163,342 shares of the communications equipment provider’s stock worth $21,028,000 after purchasing an additional 1,965,080 shares in the last quarter. Institutional investors own 92.13% of the company’s stock.

Shares of Viavi Solutions traded down $0.02, reaching $9.98, during midday trading on Tuesday, according to Marketbeat Ratings. 2,397,853 shares of the company were exchanged, compared to its average volume of 2,411,284. The stock has a market cap of $2.26 billion, a PE ratio of 39.92, a PEG ratio of 1.52 and a beta of 0.96. Viavi Solutions has a one year low of $8.34 and a one year high of $11.54. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.43 and a current ratio of 1.58.

Viavi Solutions Company Profile

Viavi Solutions Inc provides network test, monitoring, and assurance solutions to communications service providers, and enterprises and their ecosystems worldwide. The company operates through Network Enablement, Service Enablement, and Optical Security and Performance Products segments. The Network Enablement segment offers testing solutions that access the network to perform build-out and maintenance tasks.

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Earnings History and Estimates for Viavi Solutions (NASDAQ:VIAV)

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