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

Viavi Solutions (NASDAQ:VIAV) will likely be announcing 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 $259,970.00 billion 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 are interested in registering for the company’s conference call can do so using this link.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings results on Thursday, October 31st. The communications equipment provider reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. Viavi Solutions had a negative net margin of 3.78% and a positive return on equity of 2.22%. The business had revenue of $238.20 million for the quarter, compared to analysts’ expectations of $240.09 million. During the same period in the previous year, the company earned $0.05 earnings per share. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. 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 Down 7.4 %

Viavi Solutions stock opened at $9.71 on Tuesday. Viavi Solutions has a fifty-two week low of $6.60 and a fifty-two week high of $11.49. The stock has a market cap of $2.15 billion, a PE ratio of -57.11 and a beta of 0.91. The firm’s 50-day simple moving average is $10.25 and its 200 day simple moving average is $9.19. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.31 and a current ratio of 3.71.

Wall Street Analysts Forecast Growth

VIAV has been the topic of a number of research analyst reports. Morgan Stanley reiterated an “underweight” rating and issued a $9.50 target price (up from $8.00) on shares of Viavi Solutions in a research note on Tuesday, December 17th. StockNews.com upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research note on Thursday, January 9th. Rosenblatt Securities boosted their target price on shares of Viavi Solutions from $8.25 to $10.50 and gave the company a “neutral” rating in a research note on Friday, November 1st. Needham & Company LLC reiterated a “hold” rating on shares of Viavi Solutions in a research note on Monday, December 16th. Finally, Stifel Nicolaus upped their price target on shares of Viavi Solutions from $10.50 to $12.00 and gave the company a “buy” rating in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $10.44.

Insider Buying and Selling

In related news, Director Masood Jabbar sold 30,000 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 180,333 shares of the company’s stock, valued at approximately $1,805,133.33. This represents a 14.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Luke M. Scrivanich sold 2,802 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $10.43, for a total transaction of $29,224.86. Following the completion of the transaction, the senior vice president now directly owns 54,517 shares in the company, valued at $568,612.31. The trade was a 4.89 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,802 shares of company stock valued at $481,625. Company insiders own 1.52% of the company’s stock.

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.