Viavi Solutions (VIAV) Earning Somewhat Positive News Coverage, Report Finds
News stories about Viavi Solutions (NASDAQ:VIAV) have been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Viavi Solutions earned a news impact score of 0.06 on Accern’s scale. Accern also gave headlines about the communications equipment provider an impact score of 46.7130136099225 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news articles that may have effected Accern’s scoring:
- Reviewing ARRIS International PLC (ARRS) and Viavi Solutions (VIAV) (americanbankingnews.com)
- Viavi Solutions Inc. 2018 Q1 – Results – Earnings Call Slides (seekingalpha.com)
- AT&T Inc. (T) Swings Under Technical Examination- Viavi Solutions Inc. (VIAV) – Investing News Update (investingbizz.com)
- Viavi Solutions Inc. (VIAV) noted a price change of 2.30% and Turkcell Iletisim Hizmetleri AS (TKC) closes with a … – Stocks Gallery (stocksgallery.com)
- Equities Analysts Offer Predictions for Viavi Solutions Inc.’s Q2 2018 Earnings (VIAV) (americanbankingnews.com)
VIAV has been the topic of a number of recent research reports. B. Riley raised shares of Viavi Solutions from a “neutral” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Friday, July 21st. BidaskClub raised shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Stifel Nicolaus reissued a “hold” rating and set a $11.00 target price on shares of Viavi Solutions in a research report on Thursday, August 3rd. TheStreet cut shares of Viavi Solutions from a “b” rating to a “c+” rating in a research report on Tuesday, August 1st. Finally, MKM Partners boosted their target price on shares of Viavi Solutions from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, August 16th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. Viavi Solutions currently has a consensus rating of “Hold” and a consensus price target of $12.78.
Viavi Solutions (VIAV) traded up $0.13 during mid-day trading on Friday, reaching $8.55. 5,415,913 shares of the company’s stock traded hands, compared to its average volume of 3,122,067. The company has a current ratio of 2.20, a quick ratio of 2.10 and a debt-to-equity ratio of 0.47. Viavi Solutions has a 12-month low of $7.56 and a 12-month high of $11.89. The company has a market capitalization of $1,962.65, a price-to-earnings ratio of 28.77, a price-to-earnings-growth ratio of 1.41 and a beta of 1.17.
Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings results on Wednesday, November 1st. The communications equipment provider reported $0.11 EPS for the quarter, topping 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 quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.09 earnings per share. equities research analysts predict that Viavi Solutions will post 0.31 earnings per share for the current fiscal year.
In other Viavi Solutions news, Director Richard Belluzzo sold 10,000 shares of the company’s stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $9.54, for a total value of $95,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Kevin Christopher Siebert sold 10,689 shares of the company’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $9.40, for a total transaction of $100,476.60. Following the completion of the sale, the vice president now directly owns 14,968 shares of the company’s stock, valued at $140,699.20. The disclosure for this sale can be found here. Insiders sold a total of 100,151 shares of company stock valued at $972,975 in the last quarter. 0.59% of the stock is currently owned by insiders.
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About Viavi Solutions
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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