Somewhat Positive News Coverage Somewhat Unlikely to Impact Viavi Solutions (VIAV) Share Price
Headlines about Viavi Solutions (NASDAQ:VIAV) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Viavi Solutions earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media coverage about the communications equipment provider an impact score of 44.235530608357 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news headlines that may have effected Accern’s analysis:
- Viavi Solutions Inc. (NASDAQ:VIAV) – Analysts’ Suggestions in the Limelight – Nasdaq Journal (press release) (nasdaqjournal.com)
- Worthy Analytical Review for Viavi Solutions Inc. (NASDAQ:VIAV … – The Oracle Examiner (oracleexaminer.com)
- Stocks that deserve a closer look under the hood: Viavi Solutions Inc … – Market Movers (financialqz.com)
- Most Recent Figure Make This Stock Even More Attractive – Viavi Solutions Inc. (NASDAQ: VIAV) – The Investor Guide (wallstreetnews24.com)
- Investors Recap on Viavi Solutions Inc. (VIAV) – Wall Street Morning (wallstreetmorning.com)
A number of research firms recently commented on VIAV. Stifel Nicolaus reissued a “hold” rating on shares of Viavi Solutions in a research note on Tuesday, October 24th. Rosenblatt Securities set a $13.00 price target on shares of Viavi Solutions and gave the company a “buy” rating in a research report on Wednesday, December 13th. Zacks Investment Research lowered shares of Viavi Solutions from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. Finally, Needham & Company LLC restated a “hold” rating on shares of Viavi Solutions in a research report on Thursday, October 12th. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $12.50.
Shares of Viavi Solutions (VIAV) opened at $9.03 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.10 and a current ratio of 2.20. Viavi Solutions has a 1 year low of $8.21 and a 1 year high of $11.89. The stock has a market cap of $2,050.00, a PE ratio of 25.80, a price-to-earnings-growth ratio of 1.48 and a beta of 1.90.
Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings results on Wednesday, November 1st. The communications equipment provider reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.06. The business had revenue of $195.20 million during the quarter, compared to analyst estimates of $183.89 million. Viavi Solutions had a net margin of 10.57% and a return on equity of 8.99%. The company’s revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.09 earnings per share. equities research analysts anticipate that Viavi Solutions will post 0.31 EPS for the current year.
In other news, SVP Luke M. Scrivanich sold 3,920 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $8.97, for a total transaction of $35,162.40. Following the completion of the sale, the senior vice president now directly owns 27,629 shares in the company, valued at $247,832.13. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard Belluzzo sold 10,000 shares of the stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $9.00, for a total transaction of $90,000.00. Following the sale, the director now owns 195,651 shares of the company’s stock, valued at $1,760,859. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,713 shares of company stock valued at $353,871. 0.59% of the stock is currently owned by company insiders.
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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.
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