Analysts expect that Viavi Solutions Inc (NASDAQ:VIAV) will post sales of $260.46 million for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Viavi Solutions’ earnings, with estimates ranging from $257.30 million to $264.26 million. Viavi Solutions reported sales of $219.40 million during the same quarter last year, which would indicate a positive year over year growth rate of 18.7%. The firm is scheduled to announce its next quarterly earnings report on Thursday, May 2nd.
On average, analysts expect that Viavi Solutions will report full-year sales of $1.11 billion for the current year, with estimates ranging from $1.10 billion to $1.11 billion. For the next fiscal year, analysts forecast that the company will post sales of $1.17 billion, with estimates ranging from $1.13 billion to $1.23 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Viavi Solutions.
Get Viavi Solutions alerts:Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings data on Tuesday, February 5th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.06. The business had revenue of $298.40 million during the quarter, compared to analysts’ expectations of $280.93 million. Viavi Solutions had a negative net margin of 3.76% and a positive return on equity of 15.82%. The company’s revenue for the quarter was up 47.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.09 EPS.
A number of research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Saturday, February 9th. BidaskClub lowered shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, February 5th. TheStreet upgraded shares of Viavi Solutions from a “c” rating to a “b-” rating in a research report on Wednesday, February 6th. ValuEngine upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Finally, 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 target price on the stock. One research analyst has rated the stock with a sell rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $12.88.
In other Viavi Solutions news, Director Keith Barnes sold 11,074 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $9.73, for a total transaction of $107,750.02. Following the completion of the transaction, the director now owns 98,471 shares of the company’s stock, valued at approximately $958,122.83. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders have sold 13,149 shares of company stock valued at $127,959. Insiders own 0.50% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Viavi Solutions by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 23,357,949 shares of the communications equipment provider’s stock valued at $264,879,000 after buying an additional 418,120 shares during the last quarter. Vanguard Group Inc lifted its holdings in Viavi Solutions by 1.8% during the 3rd quarter. Vanguard Group Inc now owns 23,357,949 shares of the communications equipment provider’s stock valued at $264,879,000 after purchasing an additional 418,120 shares during the last quarter. Dorsal Capital Management LLC lifted its holdings in Viavi Solutions by 1.1% during the 3rd quarter. Dorsal Capital Management LLC now owns 4,800,000 shares of the communications equipment provider’s stock valued at $54,432,000 after purchasing an additional 50,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Viavi Solutions by 6.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,165,036 shares of the communications equipment provider’s stock valued at $47,231,000 after purchasing an additional 264,230 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Viavi Solutions by 1.3% during the 2nd quarter. Northern Trust Corp now owns 2,907,009 shares of the communications equipment provider’s stock valued at $29,768,000 after purchasing an additional 36,714 shares during the last quarter. 90.56% of the stock is owned by institutional investors.
VIAV traded up $0.15 on Tuesday, reaching $12.41. The company had a trading volume of 47,532 shares, compared to its average volume of 2,406,620. Viavi Solutions has a 1 year low of $9.11 and a 1 year high of $12.82. The stock has a market cap of $2.75 billion, a PE ratio of 36.49 and a beta of 0.84. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.99 and a quick ratio of 2.70.
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.
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