Viavi Solutions (VIAV) Set to Announce Earnings on Thursday

Viavi Solutions (NASDAQ:VIAV) is scheduled to be releasing 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 that wish to listen to the company’s earnings conference call can do so using this link.

Viavi Solutions (NASDAQ:VIAV) last released its earnings results 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. The company had revenue of $254.50 million for the quarter, compared to analyst estimates 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 Stock Performance

VIAV opened at $7.90 on Wednesday. The firm has a market cap of $1.76 billion, a P/E ratio of 395.00 and a beta of 0.95. Viavi Solutions has a 52-week low of $7.26 and a 52-week high of $11.65. 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 $9.22 and its 200-day moving average is $9.05.

Insider Activity

In other news, 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 transaction 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $149,446.90. Following the completion of the transaction, the senior vice president now directly owns 47,097 shares in the company, valued at $503,937.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Paul Mcnab sold 15,004 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $10.62, for a total value of $159,342.48. Following the transaction, the executive vice president now owns 57,940 shares of the company’s stock, valued at $615,322.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,093 shares of company stock valued at $319,841. 1.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

VIAV has been the topic of several research analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Viavi Solutions in a research note on Monday, April 1st. Rosenblatt Securities reduced their price objective on Viavi Solutions from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, April 3rd. 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 research note on Wednesday, March 6th. StockNews.com raised Viavi Solutions from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. Finally, Susquehanna raised their price objective on Viavi Solutions from $12.00 to $14.00 and gave the company a “positive” rating in a research note on Thursday, March 7th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $13.60.

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.