Viavi Solutions (VIAV) Set to Announce Earnings on Thursday

Viavi Solutions (NASDAQ:VIAV - Get Free Report) is set to post its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect Viavi Solutions to post earnings of $0.07 per share for the quarter. Viavi Solutions has set its Q3 guidance at $0.05-0.09 EPS and its Q3 2024 guidance at 0.050-0.090 EPS.Individual interested in participating in the company's earnings conference call can do so using this link.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last posted its earnings results on Thursday, February 1st. The communications equipment provider reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. Viavi Solutions had a net margin of 0.49% and a return on equity of 5.38%. The business had revenue of $254.50 million for the quarter, compared to the consensus estimate of $249.77 million. 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 Trading Down 0.3 %

NASDAQ:VIAV traded down $0.02 during mid-day trading on Thursday, hitting $7.97. 1,053,212 shares of the company's stock were exchanged, compared to its average volume of 2,096,241. The company has a current ratio of 3.09, a quick ratio of 2.72 and a debt-to-equity ratio of 0.87. Viavi Solutions has a fifty-two week low of $7.26 and a fifty-two week high of $11.65. The company has a 50 day simple moving average of $9.35 and a 200-day simple moving average of $9.05. The firm has a market capitalization of $1.77 billion, a P/E ratio of 399.50 and a beta of 0.95.

Insider Activity

In related news, SVP Kevin Christopher Siebert sold 13,967 shares of Viavi Solutions stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $10.70, for a total value of $149,446.90. Following the completion of the sale, the senior vice president now directly owns 47,097 shares in the company, valued at approximately $503,937.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, SVP Kevin Christopher Siebert sold 13,967 shares of Viavi Solutions stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $10.70, for a total transaction of $149,446.90. Following the transaction, the senior vice president now directly owns 47,097 shares of the company's stock, valued at approximately $503,937.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Paul Mcnab sold 15,004 shares of Viavi Solutions stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $10.62, for a total value of $159,342.48. Following the sale, the executive vice president now directly owns 57,940 shares in the company, valued at approximately $615,322.80. The disclosure for this sale can be found here. Insiders sold 30,093 shares of company stock worth $319,841 over the last three months. 1.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

VIAV has been the subject of several research analyst reports. Morgan Stanley lifted their price objective on shares of Viavi Solutions from $9.00 to $11.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 6th. Needham & Company LLC reaffirmed a "hold" rating on shares of Viavi Solutions in a report on Monday, April 1st. Susquehanna boosted their price target on shares of Viavi Solutions from $12.00 to $14.00 and gave the stock a "positive" rating in a report on Thursday, March 7th. Northland Securities boosted their price target on shares of Viavi Solutions from $12.00 to $17.00 and gave the stock an "outperform" rating in a report on Wednesday, March 6th. Finally, Stifel Nicolaus reaffirmed a "buy" rating and set a $13.00 price objective on shares of Viavi Solutions in a report on Monday, April 1st. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Viavi Solutions presently has a consensus rating of "Moderate Buy" and a consensus target price of $13.60.

About Viavi Solutions

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.