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

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

Viavi Solutions announced that its Board of Directors has authorized a stock buyback program on Friday, February 16th 2018, which permits the company to buyback $50,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's management believes its stock is undervalued.

Viavi Solutions Inc (NASDAQ:VIAV) posted its quarterly earnings data on Wednesday, October, 30th. The communications equipment provider reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.02. The communications equipment provider had revenue of $299.80 million for the quarter, compared to analysts' expectations of $287.31 million. Viavi Solutions had a return on equity of 17.53% and a net margin of 2.37%. Viavi Solutions's revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.15 EPS. View Viavi Solutions' Earnings History.

Viavi Solutions is scheduled to release their next quarterly earnings announcement on Tuesday, February 4th 2020. View Earnings Estimates for Viavi Solutions.

Viavi Solutions will be holding an earnings conference call on Tuesday, February 4th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Viavi Solutions issued an update on its second quarter earnings guidance on Wednesday, October, 30th. The company provided earnings per share (EPS) guidance of $0.18 to $0.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.18. The company issued revenue guidance of $292 million to $312 million, compared to the consensus revenue estimate of $301.77 million.

8 brokers have issued 1-year price objectives for Viavi Solutions' stock. Their forecasts range from $13.00 to $19.00. On average, they expect Viavi Solutions' share price to reach $15.88 in the next year. This suggests a possible upside of 3.3% from the stock's current price. View Analyst Price Targets for Viavi Solutions.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Viavi Solutions in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Viavi Solutions.

News coverage about VIAV stock has trended somewhat negative on Monday, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Viavi Solutions earned a news impact score of -1.4 on InfoTrie's scale. They also assigned news articles about the communications equipment provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View News Stories for Viavi Solutions.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Viavi Solutions investors own include Lundin Mining (LUN), Energy Transfer LP Unit (ET), Lam Research (LRCX), NVIDIA (NVDA), Ford Motor (F), Lumentum (LITE), AT&T (T), Marvell Technology Group (MRVL), Intel (INTC) and Cisco Systems (CSCO).

Viavi Solutions' stock is owned by a number of of institutional and retail investors. Top institutional investors include DNB Asset Management AS (1.55%), Columbus Circle Investors (1.03%), New York State Teachers Retirement System (0.23%), State of Alaska Department of Revenue (0.08%), Arizona State Retirement System (0.07%) and Ibex Wealth Advisors (0.06%). 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 Timothy Campos. View Institutional Ownership Trends for Viavi Solutions.

VIAV stock was sold by a variety of institutional investors in the last quarter, including DNB Asset Management AS, Arizona State Retirement System, Louisiana State Employees Retirement System, IFP Advisors Inc, State of Alaska Department of Revenue, New York State Teachers Retirement System and CWM Advisors LLC. Company insiders that have sold Viavi Solutions company stock in the last year include Amar Maletira, Kevin Christopher Siebert, Luke M Scrivanich, Ralph Rondinone and Timothy Campos. View Insider Buying and Selling for Viavi Solutions.

VIAV stock was purchased by a variety of institutional investors in the last quarter, including Columbus Circle Investors, Ibex Wealth Advisors, Falcon Point Capital LLC, Campbell & CO Investment Adviser LLC, Sciencast Management LP, Zurcher Kantonalbank Zurich Cantonalbank and Yorktown Management & Research Co Inc. 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, Robinhood, Fidelity and Charles Schwab.

One share of VIAV stock can currently be purchased for approximately $15.37.

Viavi Solutions has a market capitalization of $3.53 billion and generates $1.13 billion in revenue each year. The communications equipment provider earns $5.40 million in net income (profit) each year or $0.52 on an earnings per share basis. Viavi Solutions employs 3,600 workers across the globe.View Additional Information About Viavi Solutions.

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]