Viavi Solutions Inc (NASDAQ:VIAV) – Research analysts at William Blair reduced their Q3 2018 EPS estimates for Viavi Solutions in a report issued on Monday. William Blair analyst D. Netis now anticipates that the communications equipment provider will earn $0.07 per share for the quarter, down from their prior estimate of $0.08. William Blair also issued estimates for Viavi Solutions’ Q4 2018 earnings at $0.11 EPS and FY2019 earnings at $0.50 EPS.

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Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings data on Thursday, February 1st. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. The business had revenue of $201.80 million during the quarter, compared to analysts’ expectations of $185.80 million. Viavi Solutions had a net margin of 3.94% and a return on equity of 9.60%. The business’s revenue was down 2.3% on a year-over-year basis. During the same period last year, the firm posted $0.10 earnings per share.

Several other research firms have also recently issued reports on VIAV. Morgan Stanley increased their price objective on shares of Viavi Solutions from $9.00 to $10.50 and gave the company an “equal weight” rating in a report on Friday, February 2nd. BidaskClub upgraded shares of Viavi Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, March 7th. Loop Capital upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating and set a $9.50 target price for the company in a report on Monday, February 5th. ValuEngine cut shares of Viavi Solutions from a “hold” rating to a “sell” rating in a report on Friday. Finally, Zacks Investment Research cut shares of Viavi Solutions from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $11.93.

VIAV stock opened at $9.86 on Wednesday. The company has a quick ratio of 2.06, a current ratio of 2.18 and a debt-to-equity ratio of 0.48. The stock has a market cap of $2,281.83, a P/E ratio of 30.61, a PEG ratio of 1.49 and a beta of 0.93. Viavi Solutions has a 1-year low of $8.34 and a 1-year high of $11.89.

Several large investors have recently modified their holdings of the stock. Clearbridge Investments LLC lifted its position in shares of Viavi Solutions by 101.3% in the 4th quarter. Clearbridge Investments LLC now owns 2,926,401 shares of the communications equipment provider’s stock valued at $25,577,000 after acquiring an additional 1,472,610 shares in the last quarter. Macquarie Group Ltd. lifted its position in shares of Viavi Solutions by 41.8% in the 4th quarter. Macquarie Group Ltd. now owns 2,778,792 shares of the communications equipment provider’s stock valued at $24,287,000 after acquiring an additional 818,770 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Viavi Solutions by 22.7% in the 4th quarter. Deutsche Bank AG now owns 2,496,609 shares of the communications equipment provider’s stock valued at $21,819,000 after acquiring an additional 461,871 shares in the last quarter. Neuberger Berman Group LLC lifted its position in shares of Viavi Solutions by 6.7% in the 3rd quarter. Neuberger Berman Group LLC now owns 2,038,961 shares of the communications equipment provider’s stock valued at $19,289,000 after acquiring an additional 127,313 shares in the last quarter. Finally, Adi Capital Management LLC lifted its position in shares of Viavi Solutions by 24.2% in the 4th quarter. Adi Capital Management LLC now owns 1,972,708 shares of the communications equipment provider’s stock valued at $17,241,000 after acquiring an additional 383,888 shares in the last quarter. Institutional investors and hedge funds own 93.45% of the company’s stock.

In related news, VP Kevin Christopher Siebert sold 7,415 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $9.79, for a total value of $72,592.85. Following the completion of the sale, the vice president now owns 17,360 shares in the company, valued at approximately $169,954.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard Belluzzo sold 4,997 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $9.00, for a total transaction of $44,973.00. Following the completion of the sale, the director now owns 190,654 shares of the company’s stock, valued at approximately $1,715,886. The disclosure for this sale can be found here. Insiders have sold 101,131 shares of company stock valued at $986,485 over the last 90 days. 0.59% of the stock is currently owned by insiders.

Viavi Solutions announced that its Board of Directors has approved a stock buyback plan on Thursday, February 15th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the communications equipment provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

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Viavi Solutions Company Profile

Viavi Solutions Inc (Viavi) is a provider of network test, monitoring and assurance solutions to communications service providers, enterprises and their ecosystems. The Company also offers thin film optical coatings, providing light management solutions to anti-counterfeiting, consumer and industrial, government and healthcare and other markets.

Earnings History and Estimates for Viavi Solutions (NASDAQ:VIAV)

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