Viavi Solutions (VIAV) Set to Announce Earnings on Thursday

Viavi Solutions (NASDAQ:VIAV) is scheduled to release 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.Individual interested in registering for 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 (EPS) for the quarter, hitting the consensus estimate of $0.05. Viavi Solutions had a return on equity of 5.38% and a net margin of 0.49%. The business had revenue of $254.50 million during the quarter, compared to analyst estimates of $249.77 million. 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 Price Performance

Shares of NASDAQ:VIAV opened at $7.90 on Wednesday. The company has a current ratio of 3.09, a quick ratio of 2.72 and a debt-to-equity ratio of 0.87. Viavi Solutions has a 1 year low of $7.26 and a 1 year high of $11.65. The business has a fifty day simple moving average of $9.22 and a 200 day simple moving average of $9.05. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 395.00 and a beta of 0.95.

Insider Activity

In other news, SVP Kevin Christopher Siebert sold 13,967 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $10.70, for a total value of $149,446.90. Following the sale, the senior vice president now directly owns 47,097 shares of the company’s stock, valued at $503,937.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP Paul Mcnab sold 15,004 shares of Viavi Solutions stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $10.62, for a total transaction of $159,342.48. Following the sale, the executive vice president now directly owns 57,940 shares of the company’s stock, valued at $615,322.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Kevin Christopher Siebert sold 13,967 shares of Viavi Solutions stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $10.70, for a total value of $149,446.90. Following the sale, the senior vice president now directly owns 47,097 shares in the company, valued at $503,937.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,093 shares of company stock valued at $319,841. 1.80% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on VIAV. Northland Securities raised their target price on Viavi Solutions from $12.00 to $17.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Morgan Stanley raised their target price on Viavi Solutions from $9.00 to $11.00 and gave the company an “equal weight” rating in a report on Wednesday, March 6th. Susquehanna raised their target price on Viavi Solutions from $12.00 to $14.00 and gave the company a “positive” rating in a report on Thursday, March 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of Viavi Solutions in a research report on Monday, April 1st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $13.00 price target on shares of Viavi Solutions in a research report on Monday, April 1st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $13.60.

Viavi Solutions Company Profile

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.