Viavi Solutions (VIAV) Set to Announce Earnings on Thursday

Viavi Solutions (NASDAQ:VIAV) is set to post its quarterly earnings results 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.Investors that wish to listen to the company’s conference call can do so using this link.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings results on Thursday, February 1st. The communications equipment provider reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates 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 Price Performance

Viavi Solutions stock opened at $8.02 on Tuesday. Viavi Solutions has a 52 week low of $7.26 and a 52 week high of $11.65. The firm has a market cap of $1.78 billion, a P/E ratio of 400.75 and a beta of 0.95. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.72 and a current ratio of 3.09. The business’s fifty day moving average is $9.28 and its two-hundred day moving average is $9.05.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VIAV. Morgan Stanley raised their price objective on Viavi Solutions from $9.00 to $11.00 and gave the company an “equal weight” rating in a report on Wednesday, March 6th. StockNews.com raised Viavi Solutions from a “hold” rating to a “buy” rating in a report on Friday, April 12th. Needham & Company LLC restated a “hold” rating on shares of Viavi Solutions in a report on Monday, April 1st. Northland Securities increased their price target on shares of Viavi Solutions from $12.00 to $17.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Finally, Rosenblatt Securities lowered their price objective on shares of Viavi Solutions from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, April 3rd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Viavi Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $13.60.

Insider Transactions at Viavi Solutions

In other Viavi Solutions news, EVP Paul Mcnab sold 15,004 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $10.62, for a total transaction of $159,342.48. Following the completion of the sale, the executive vice president now directly owns 57,940 shares in the company, valued at $615,322.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Viavi Solutions news, SVP Kevin Christopher Siebert sold 13,967 shares of Viavi Solutions stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $10.70, for a total value of $149,446.90. Following the completion of the sale, the senior vice president now owns 47,097 shares in the company, valued at approximately $503,937.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Paul Mcnab sold 15,004 shares of the 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 transaction, the executive vice president now owns 57,940 shares in the company, valued at approximately $615,322.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,093 shares of company stock worth $319,841. 1.80% of the stock is owned by insiders.

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.