Viavi Solutions (VIAV) Scheduled to Post Earnings on Thursday

Viavi Solutions (NASDAQ:VIAV) is scheduled to be releasing its earnings data after the market closes on Thursday, May 2nd. Analysts expect Viavi Solutions to post earnings of $0.07 per share for the quarter. Viavi Solutions has set its Q3 guidance at $0.05-0.09 EPS and its Q3 2024 guidance at 0.050-0.090 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings data on Thursday, February 1st. The communications equipment provider reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. The firm had revenue of $254.50 million during the quarter, compared to analysts’ expectations of $249.77 million. Viavi Solutions had a return on equity of 5.38% and a net margin of 0.49%. 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 Performance

Shares of NASDAQ:VIAV opened at $7.99 on Thursday. The stock has a market capitalization of $1.78 billion, a P/E ratio of 399.50 and a beta of 0.95. Viavi Solutions has a 1-year low of $7.26 and a 1-year high of $11.65. The company has a current ratio of 3.09, a quick ratio of 2.72 and a debt-to-equity ratio of 0.87. The business has a 50-day moving average price of $9.38 and a two-hundred day moving average price of $9.06.

Insiders Place Their Bets

In other Viavi Solutions news, EVP Paul Mcnab sold 15,004 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $10.62, for a total transaction of $159,342.48. Following the completion of the transaction, the executive vice president now owns 57,940 shares of the company’s stock, valued at approximately $615,322.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Viavi Solutions news, EVP Paul Mcnab sold 15,004 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $10.62, for a total transaction of $159,342.48. Following the completion of the transaction, the executive vice president now owns 57,940 shares of the company’s stock, valued at approximately $615,322.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Kevin Christopher Siebert sold 13,967 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $10.70, for a total value of $149,446.90. Following the transaction, the senior vice president now directly owns 47,097 shares of the company’s stock, valued at approximately $503,937.90. The disclosure for this sale can be found here. Insiders sold a total of 30,093 shares of company stock valued at $319,841 in the last quarter. 1.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on VIAV. StockNews.com upgraded Viavi Solutions from a “hold” rating to a “buy” rating in a research report on Friday, April 12th. Susquehanna boosted their target price on Viavi Solutions from $12.00 to $14.00 and gave the stock a “positive” rating in a research report on Thursday, March 7th. Needham & Company LLC reiterated a “hold” rating on shares of Viavi Solutions in a research report on Monday, April 1st. Morgan Stanley boosted their price objective on Viavi Solutions from $9.00 to $11.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 6th. Finally, Northland Securities boosted their price objective on Viavi Solutions from $12.00 to $17.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $13.60.

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.