Viavi Solutions (VIAV) Projected to Post Quarterly Earnings on Thursday

Viavi Solutions (NASDAQ:VIAV) is expected to announce its earnings results after the market closes on Thursday, January 30th. Analysts expect the company to announce earnings of $0.10 per share and revenue of $259.97 million for the quarter. Viavi Solutions has set its Q2 guidance at $0.09 to $0.11 EPS and its Q2 2025 guidance at 0.090-0.110 EPS.Investors that wish to listen to the company’s conference call can do so using this link.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings data on Thursday, October 31st. The communications equipment provider reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. The firm had revenue of $238.20 million for the quarter, compared to the consensus estimate of $240.09 million. Viavi Solutions had a positive return on equity of 2.22% and a negative net margin of 3.78%. The company’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.05 earnings per share. 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 Up 1.9 %

VIAV opened at $9.89 on Wednesday. The company has a market cap of $2.19 billion, a P/E ratio of -58.17 and a beta of 0.91. The business’s 50-day moving average price is $10.25 and its 200-day moving average price is $9.21. The company has a current ratio of 3.71, a quick ratio of 3.31 and a debt-to-equity ratio of 0.91. Viavi Solutions has a 12 month low of $6.60 and a 12 month high of $11.49.

Analyst Ratings Changes

A number of brokerages recently issued reports on VIAV. StockNews.com upgraded Viavi Solutions from a “hold” rating to a “buy” rating in a report on Thursday, January 9th. Rosenblatt Securities boosted their price target on Viavi Solutions from $8.25 to $10.50 and gave the company a “neutral” rating in a report on Friday, November 1st. Needham & Company LLC restated a “hold” rating on shares of Viavi Solutions in a report on Monday, December 16th. Stifel Nicolaus boosted their price target on Viavi Solutions from $10.50 to $12.00 and gave the company a “buy” rating in a report on Monday, December 16th. Finally, UBS Group initiated coverage on Viavi Solutions in a report on Tuesday, November 19th. They set a “neutral” rating and a $10.60 target price on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $10.44.

Insider Transactions at Viavi Solutions

In other Viavi Solutions news, Director Masood Jabbar sold 30,000 shares of the business’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $10.01, for a total transaction of $300,300.00. Following the completion of the sale, the director now directly owns 180,333 shares in the company, valued at approximately $1,805,133.33. The trade was a 14.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Luke M. Scrivanich sold 2,802 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $10.43, for a total transaction of $29,224.86. Following the sale, the senior vice president now owns 54,517 shares of the company’s stock, valued at approximately $568,612.31. This represents a 4.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 47,802 shares of company stock valued at $481,625 in the last ninety days. 1.52% of the stock is currently owned by corporate insiders.

About Viavi Solutions

Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.