Analysts Expect Viavi Solutions Inc. (NASDAQ:VIAV) Will Post Quarterly Sales of $291.24 Million

Brokerages expect that Viavi Solutions Inc. (NASDAQ:VIAV) will announce $291.24 million in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Viavi Solutions’ earnings. The lowest sales estimate is $290.00 million and the highest is $294.20 million. Viavi Solutions reported sales of $256.20 million during the same quarter last year, which would suggest a positive year over year growth rate of 13.7%. The company is scheduled to issue its next quarterly earnings report on Wednesday, May 5th.

On average, analysts expect that Viavi Solutions will report full year sales of $1.17 billion for the current year, with estimates ranging from $1.16 billion to $1.19 billion. For the next year, analysts anticipate that the firm will report sales of $1.24 billion, with estimates ranging from $1.19 billion to $1.32 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Viavi Solutions.

Viavi Solutions (NASDAQ:VIAV) last posted its earnings results on Tuesday, February 2nd. The communications equipment provider reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. The firm had revenue of $299.90 million for the quarter, compared to analysts’ expectations of $290.49 million. Viavi Solutions had a net margin of 3.23% and a return on equity of 18.19%. The company’s revenue was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 earnings per share.

A number of research firms have weighed in on VIAV. TheStreet raised shares of Viavi Solutions from a “c+” rating to a “b-” rating in a research note on Tuesday, January 26th. Morgan Stanley boosted their target price on shares of Viavi Solutions from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 3rd. Zacks Investment Research cut shares of Viavi Solutions from a “buy” rating to a “hold” rating and set a $17.00 target price on the stock. in a research note on Thursday, January 7th. MKM Partners began coverage on shares of Viavi Solutions in a research note on Tuesday, January 26th. They set a “buy” rating and a $20.00 target price on the stock. Finally, B. Riley boosted their target price on shares of Viavi Solutions from $18.00 to $19.00 and gave the stock a “buy” rating in a research note on Monday, February 1st. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $17.56.

In related news, Director Richard Belluzzo sold 2,450 shares of the business’s stock in a transaction on Monday, April 5th. The shares were sold at an average price of $16.23, for a total value of $39,763.50. Following the transaction, the director now owns 219,005 shares in the company, valued at $3,554,451.15. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Gary W. Staley sold 1,991 shares of the business’s stock in a transaction on Wednesday, February 17th. The shares were sold at an average price of $16.95, for a total transaction of $33,747.45. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,075 shares of company stock worth $209,529. 1.10% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in VIAV. Vantage Consulting Group Inc acquired a new position in Viavi Solutions in the fourth quarter valued at $25,000. Captrust Financial Advisors lifted its holdings in Viavi Solutions by 235.2% in the fourth quarter. Captrust Financial Advisors now owns 3,962 shares of the communications equipment provider’s stock valued at $59,000 after buying an additional 2,780 shares during the period. Veriti Management LLC acquired a new position in Viavi Solutions in the fourth quarter valued at $117,000. Nisa Investment Advisors LLC lifted its holdings in Viavi Solutions by 77.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 9,650 shares of the communications equipment provider’s stock valued at $145,000 after buying an additional 4,200 shares during the period. Finally, Gyon Technologies Capital Management LP acquired a new position in Viavi Solutions in the fourth quarter valued at $150,000. Institutional investors and hedge funds own 93.21% of the company’s stock.

NASDAQ VIAV opened at $15.90 on Thursday. The firm’s fifty day moving average price is $16.22 and its two-hundred day moving average price is $14.57. The stock has a market cap of $3.64 billion, a PE ratio of 99.38 and a beta of 0.82. Viavi Solutions has a fifty-two week low of $10.44 and a fifty-two week high of $17.13. The company has a debt-to-equity ratio of 0.80, a quick ratio of 3.84 and a current ratio of 4.23.

Viavi Solutions Company Profile

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

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

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