Viavi Solutions Inc (VIAV) Expected to Post Earnings of $0.16 Per Share

Wall Street analysts predict that Viavi Solutions Inc (NASDAQ:VIAV) will announce earnings of $0.16 per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Viavi Solutions’ earnings, with the lowest EPS estimate coming in at $0.16 and the highest estimate coming in at $0.17. Viavi Solutions reported earnings of $0.09 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 77.8%. The business is expected to issue its next earnings report on Thursday, February 7th.

According to Zacks, analysts expect that Viavi Solutions will report full year earnings of $0.59 per share for the current fiscal year, with EPS estimates ranging from $0.58 to $0.61. For the next fiscal year, analysts anticipate that the business will report earnings of $0.69 per share, with EPS estimates ranging from $0.65 to $0.76. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Viavi Solutions.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings data on Thursday, November 1st. The communications equipment provider reported $0.12 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.01. The business had revenue of $268.50 million for the quarter, compared to analyst estimates of $268.73 million. Viavi Solutions had a negative net margin of 5.92% and a positive return on equity of 12.72%. The firm’s revenue for the quarter was up 40.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.11 earnings per share.

A number of analysts have recently commented on VIAV shares. Deutsche Bank raised shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research report on Monday, October 1st. BidaskClub raised shares of Viavi Solutions from a “buy” rating to a “strong-buy” rating in a research report on Thursday, October 4th. ValuEngine raised shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. Stifel Nicolaus began coverage on shares of Viavi Solutions in a research report on Monday, October 22nd. They set a “buy” rating and a $14.00 price target on the stock. Finally, William Blair reaffirmed a “buy” rating on shares of Viavi Solutions in a research report on Wednesday, August 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $11.99.

Shares of VIAV stock traded down $0.36 during trading on Monday, reaching $10.30. The company’s stock had a trading volume of 3,517,411 shares, compared to its average volume of 2,194,197. The company has a quick ratio of 2.18, a current ratio of 2.39 and a debt-to-equity ratio of 0.79. The firm has a market cap of $2.43 billion, a PE ratio of 30.29 and a beta of 0.88. Viavi Solutions has a one year low of $8.49 and a one year high of $12.82.

In other Viavi Solutions news, EVP Paul Mcnab sold 14,046 shares of the company’s stock in a transaction on Friday, September 28th. The shares were sold at an average price of $11.25, for a total transaction of $158,017.50. Following the sale, the executive vice president now directly owns 110,456 shares of the company’s stock, valued at $1,242,630. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Gary W. Staley sold 5,185 shares of the company’s stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $11.22, for a total transaction of $58,175.70. Following the sale, the senior vice president now directly owns 7,670 shares in the company, valued at $86,057.40. The disclosure for this sale can be found here. Insiders have sold 124,253 shares of company stock worth $1,472,556 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. Renaissance Technologies LLC raised its position in shares of Viavi Solutions by 241.8% in the third quarter. Renaissance Technologies LLC now owns 2,277,688 shares of the communications equipment provider’s stock valued at $25,829,000 after purchasing an additional 1,611,342 shares during the period. Dorsal Capital Management LLC raised its position in shares of Viavi Solutions by 31.9% in the second quarter. Dorsal Capital Management LLC now owns 4,750,000 shares of the communications equipment provider’s stock valued at $48,640,000 after purchasing an additional 1,150,000 shares during the period. AO Asset Management LP raised its position in shares of Viavi Solutions by 52.8% in the third quarter. AO Asset Management LP now owns 2,338,614 shares of the communications equipment provider’s stock valued at $26,520,000 after purchasing an additional 808,314 shares during the period. Eagle Asset Management Inc. bought a new position in shares of Viavi Solutions in the second quarter valued at about $5,656,000. Finally, Segall Bryant & Hamill LLC bought a new position in shares of Viavi Solutions in the second quarter valued at about $4,849,000. 89.79% of the stock is currently owned by institutional investors.

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.

Featured Story: Book Value Of Equity Per Share – BVPS Explained

Get a free copy of the Zacks research report on Viavi Solutions (VIAV)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Viavi Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viavi Solutions and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply