Zacks: Brokerages Anticipate Viavi Solutions Inc (NASDAQ:VIAV) Will Post Earnings of $0.15 Per Share

Wall Street brokerages forecast that Viavi Solutions Inc (NASDAQ:VIAV) will announce earnings per share (EPS) of $0.15 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Viavi Solutions’ earnings. Viavi Solutions also posted earnings of $0.15 per share during the same quarter last year. The business is expected to report its next earnings results on Thursday, November 7th.

According to Zacks, analysts expect that Viavi Solutions will report full-year earnings of $0.69 per share for the current financial year, with EPS estimates ranging from $0.63 to $0.73. For the next financial year, analysts anticipate that the firm will report earnings of $0.73 per share, with EPS estimates ranging from $0.64 to $0.82. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Viavi Solutions.

Viavi Solutions (NASDAQ:VIAV) last announced its earnings results on Thursday, August 15th. The communications equipment provider reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.01. Viavi Solutions had a net margin of 0.48% and a return on equity of 16.81%. The business had revenue of $289.70 million during the quarter, compared to analysts’ expectations of $279.18 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The firm’s revenue was up 9.7% on a year-over-year basis.



VIAV has been the topic of several analyst reports. Stifel Nicolaus set a $15.00 price target on shares of Viavi Solutions and gave the stock a “buy” rating in a research report on Friday. B. Riley set a $16.00 price target on shares of Viavi Solutions and gave the stock a “buy” rating in a research report on Friday. Morgan Stanley set a $13.00 price target on shares of Viavi Solutions and gave the stock a “hold” rating in a research report on Friday, May 3rd. ValuEngine lowered shares of Viavi Solutions from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. raised shares of Viavi Solutions from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $12.00 to $13.00 in a research report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $14.50.

In other Viavi Solutions news, CFO Amar Maletira sold 14,844 shares of the company’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $13.79, for a total transaction of $204,698.76. Following the sale, the chief financial officer now directly owns 254,526 shares of the company’s stock, valued at $3,509,913.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 22,556 shares of company stock worth $307,093 over the last ninety days. Insiders own 0.50% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of VIAV. Advisory Services Network LLC grew its stake in shares of Viavi Solutions by 88.5% in the second quarter. Advisory Services Network LLC now owns 2,354 shares of the communications equipment provider’s stock valued at $31,000 after acquiring an additional 1,105 shares in the last quarter. Capital Investment Advisory Services LLC acquired a new position in shares of Viavi Solutions in the first quarter valued at about $68,000. Point72 Asset Management L.P. acquired a new position in shares of Viavi Solutions in the second quarter valued at about $94,000. Meeder Asset Management Inc. grew its stake in shares of Viavi Solutions by 108.0% in the second quarter. Meeder Asset Management Inc. now owns 7,321 shares of the communications equipment provider’s stock valued at $98,000 after acquiring an additional 3,801 shares in the last quarter. Finally, Penserra Capital Management LLC acquired a new position in shares of Viavi Solutions in the first quarter valued at about $110,000. 97.72% of the stock is currently owned by institutional investors.

NASDAQ VIAV traded up $0.51 on Monday, hitting $14.28. 3,255,451 shares of the stock were exchanged, compared to its average volume of 2,262,139. The company has a debt-to-equity ratio of 0.79, a current ratio of 3.19 and a quick ratio of 2.86. The business’s fifty day moving average is $14.27 and its 200 day moving average is $13.10. Viavi Solutions has a 52 week low of $9.17 and a 52 week high of $14.95. The company has a market capitalization of $3.11 billion, a PE ratio of 27.46 and a beta of 0.98.

About Viavi Solutions

Viavi Solutions Inc provides network test, monitoring, and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil government, military, and avionics customers worldwide. The company operates through Network Enablement, Service Enablement, and Optical Security and Performance Products segments.

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

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