Viavi Solutions (NASDAQ:VIAV) Posts Earnings Results, Hits Expectations

Viavi Solutions (NASDAQ:VIAV) announced its quarterly earnings results on Thursday. The communications equipment provider reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06, Briefing.com reports. The business had revenue of $238.20 million for the quarter, compared to analysts’ expectations of $240.09 million. Viavi Solutions had a negative net margin of 2.58% and a positive return on equity of 3.81%. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.05 EPS. Viavi Solutions updated its Q2 guidance to $0.09 to $0.11 EPS and its Q2 2025 guidance to 0.090-0.110 EPS.

Viavi Solutions Trading Up 6.9 %

NASDAQ:VIAV traded up $0.64 during trading hours on Friday, reaching $9.86. 4,661,051 shares of the stock were exchanged, compared to its average volume of 1,783,827. The business has a 50-day moving average of $8.78 and a two-hundred day moving average of $8.00. The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of -58.29 and a beta of 0.91. The company has a quick ratio of 3.16, a current ratio of 3.55 and a debt-to-equity ratio of 0.93. Viavi Solutions has a twelve month low of $6.60 and a twelve month high of $11.32.

Wall Street Analysts Forecast Growth

VIAV has been the topic of a number of analyst reports. Northland Securities lifted their price objective on shares of Viavi Solutions from $11.00 to $13.00 and gave the stock an “outperform” rating in a report on Friday. Stifel Nicolaus reduced their target price on shares of Viavi Solutions from $13.00 to $10.50 and set a “buy” rating on the stock in a report on Tuesday, August 6th. StockNews.com raised shares of Viavi Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th. B. Riley reduced their price objective on shares of Viavi Solutions from $9.00 to $8.50 and set a “neutral” rating for the company in a research note on Friday, August 9th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Viavi Solutions in a report on Friday. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Viavi Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $10.42.

Insider Activity

In other Viavi Solutions news, SVP Luke M. Scrivanich sold 3,029 shares of the company’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $8.86, for a total transaction of $26,836.94. Following the sale, the senior vice president now owns 57,319 shares in the company, valued at $507,846.34. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Viavi Solutions news, SVP Luke M. Scrivanich sold 3,029 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $8.86, for a total value of $26,836.94. Following the transaction, the senior vice president now directly owns 57,319 shares in the company, valued at $507,846.34. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Kevin Christopher Siebert sold 8,432 shares of Viavi Solutions stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $8.63, for a total value of $72,768.16. Following the sale, the senior vice president now owns 56,617 shares in the company, valued at $488,604.71. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 85,976 shares of company stock worth $720,562. Corporate insiders own 1.52% of the company’s stock.

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.