NASDAQ:VIAV - Viavi Solutions Stock Price, News, & Analysis

Viavi Solutions trades on the NASDAQ under the ticker symbol "VIAV."

Viavi Solutions announced that its board has authorized a share buyback plan on Friday, February 16th 2018, which allows the company to repurchase $50,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.

Viavi Solutions Inc (NASDAQ:VIAV) released its earnings results on Tuesday, February, 5th. The communications equipment provider reported $0.22 EPS for the quarter, topping the Zacks' consensus estimate of $0.16 by $0.06. The communications equipment provider earned $298.40 million during the quarter, compared to analyst estimates of $280.93 million. Viavi Solutions had a positive return on equity of 15.82% and a negative net margin of 3.76%. Viavi Solutions's revenue was up 47.9% on a year-over-year basis. During the same quarter last year, the company posted $0.09 earnings per share. View Viavi Solutions' Earnings History.

Viavi Solutions is scheduled to release their next quarterly earnings announcement on Thursday, May 2nd 2019. View Earnings Estimates for Viavi Solutions.

Viavi Solutions updated its third quarter earnings guidance on Tuesday, February, 5th. The company provided EPS guidance of $0.11-0.13 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.12. The company issued revenue guidance of $247-267 million, compared to the consensus revenue estimate of $258.21 million.Viavi Solutions also updated its Q3 2019 guidance to $0.11-0.13 EPS.

9 analysts have issued 1 year target prices for Viavi Solutions' stock. Their forecasts range from $9.92 to $15.00. On average, they expect Viavi Solutions' stock price to reach $12.8650 in the next year. This suggests that the stock has a possible downside of 2.2%. View Analyst Price Targets for Viavi Solutions.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Viavi Solutions in the last year. There are currently 1 sell rating and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Viavi Solutions.

News stories about VIAV stock have trended somewhat negative recently, InfoTrie Sentiment reports. The research firm scores the sentiment of media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Viavi Solutions earned a coverage optimism score of -1.1 on InfoTrie's scale. They also gave news headlines about the communications equipment provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the next few days.

Some companies that are related to Viavi Solutions include ON Semiconductor (ON), IPG Photonics (IPGP), ASE Technology (ASX), Qorvo (QRVO), Integrated Device Technology (IDTI), Monolithic Power Systems (MPWR), Cypress Semiconductor (CY), First Solar (FSLR), Mellanox Technologies (MLNX), Cree (CREE), Advantest (ATEYY), Semiconductor Manufacturing Int'l (SMI), United Microelectronics (UMC), SUMCO CORP/ADR (SUOPY) and Silicon Laboratories (SLAB).

Viavi Solutions' stock is owned by many different of retail and institutional investors. Top institutional shareholders include Bank of New York Mellon Corp (2.03%), DNB Asset Management AS (1.84%), Dimensional Fund Advisors LP (1.74%), Northern Trust Corp (1.30%), Macquarie Group Ltd. (1.24%) and Geode Capital Management LLC (1.12%). Company insiders that own Viavi Solutions stock include Amar Maletira, Gary W Staley, Keith Barnes, Kevin Christopher Siebert, Luke M Scrivanich, Pamela J Strayer, Paul Mcnab, Ralph Rondinone and Richard Belluzzo. View Institutional Ownership Trends for Viavi Solutions.

VIAV stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, SG Americas Securities LLC, ADI Capital Management LLC, Two Sigma Advisers LP, Mackenzie Financial Corp, Dimensional Fund Advisors LP, Pinnacle Associates Ltd. and Thompson Investment Management Inc.. Company insiders that have sold Viavi Solutions company stock in the last year include Amar Maletira, Gary W Staley, Keith Barnes, Kevin Christopher Siebert, Pamela J Strayer, Paul Mcnab and Ralph Rondinone. View Insider Buying and Selling for Viavi Solutions.

VIAV stock was purchased by a variety of institutional investors in the last quarter, including Toronado Partners LLC, Oregon Public Employees Retirement Fund, Westfield Capital Management Co. LP, Picton Mahoney Asset Management, Canada Pension Plan Investment Board, Fisher Asset Management LLC, Squarepoint Ops LLC and First Trust Advisors LP. View Insider Buying and Selling for Viavi Solutions.

Shares of VIAV can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of VIAV stock can currently be purchased for approximately $13.16.

Viavi Solutions has a market capitalization of $3.00 billion and generates $880.40 million in revenue each year. The communications equipment provider earns $-46,000,000.00 in net income (profit) each year or $0.34 on an earnings per share basis. Viavi Solutions employs 3,500 workers across the globe.

The official website for Viavi Solutions is http://www.viavisolutions.com.

Viavi Solutions' mailing address is 6001 AMERICA CENTER DRIVE 6TH FLOOR, SAN JOSE CA, 95002. The communications equipment provider can be reached via phone at 408-404-3600 or via email at [email protected]