Viavi Solutions (NASDAQ:VIAV) Releases Q4 Earnings Guidance

Viavi Solutions (NASDAQ:VIAV) updated its fourth quarter earnings guidance on Thursday. The company provided EPS guidance of $0.06-$0.08 for the period, compared to the consensus EPS estimate of $0.11. The company issued revenue guidance of $246-$258 million, compared to the consensus revenue estimate of $264.39 million.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VIAV. Rosenblatt Securities dropped 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. Northland Securities upped their target price on Viavi Solutions from $12.00 to $17.00 and gave the stock an outperform rating in a report on Wednesday, March 6th. Susquehanna lifted their price objective on shares of Viavi Solutions from $12.00 to $14.00 and gave the stock a positive rating in a research report on Thursday, March 7th. Morgan Stanley increased their target price on shares of Viavi Solutions from $9.00 to $11.00 and gave the stock an equal weight rating in a research report on Wednesday, March 6th. Finally, StockNews.com upgraded shares of Viavi Solutions from a hold rating to a buy rating in a research report on Friday, April 12th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Viavi Solutions currently has a consensus rating of Moderate Buy and a consensus price target of $13.60.

Viavi Solutions Price Performance

Shares of NASDAQ:VIAV traded up $0.10 during midday trading on Thursday, hitting $8.02. The stock had a trading volume of 1,926,747 shares, compared to its average volume of 2,061,742. The company’s 50-day moving average price is $9.19 and its 200-day moving average price is $9.04. Viavi Solutions has a fifty-two week low of $7.26 and a fifty-two week high of $11.65. The company has a quick ratio of 2.72, a current ratio of 3.09 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $1.79 billion, a P/E ratio of 396.00 and a beta of 0.97.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings data on Thursday, February 1st. The communications equipment provider reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. The business had revenue of $254.50 million during the quarter, compared to the consensus estimate of $249.77 million. Viavi Solutions had a net margin of 0.49% and a return on equity of 5.38%. As a group, equities research analysts predict that Viavi Solutions will post 0.22 EPS for the current fiscal year.

Insider Transactions at Viavi Solutions

In other news, EVP Paul Mcnab sold 15,004 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $10.62, for a total value of $159,342.48. Following the completion of the transaction, the executive vice president now owns 57,940 shares of the company’s stock, valued at $615,322.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Paul Mcnab sold 15,004 shares of the company’s stock in a transaction 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 transaction, 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 can be accessed through this link. Also, SVP Kevin Christopher Siebert sold 13,967 shares of the stock in a transaction on 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 transaction, the senior vice president now owns 47,097 shares of the company’s stock, valued at $503,937.90. The disclosure for this sale can be found here. 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.