Viavi Solutions - VIAV Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Viavi Solutions in the last twelve months. There are currently 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" VIAV shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in VIAV, but not buy additional shares or sell existing shares.
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8 equities research analysts have issued 12 month price targets for Viavi Solutions' stock. Their VIAV share price forecasts range from $11.00 to $18.00. On average, they anticipate the company's share price to reach $14.79 in the next twelve months. This suggests a possible upside of 42.2% from the stock's current price.
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Viavi Solutions' stock was trading at $10.51 on January 1st, 2023. Since then, VIAV stock has decreased by 1.0% and is now trading at $10.40.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
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Viavi Solutions Inc. (NASDAQ:VIAV) issued its earnings results on Thursday, February, 2nd. The communications equipment provider reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. The communications equipment provider earned $284.50 million during the quarter, compared to analyst estimates of $270.48 million. Viavi Solutions had a net margin of 6.16% and a trailing twelve-month return on equity of 21.06%.

ETFs with the largest weight of Viavi Solutions (NASDAQ:VIAV) stock in their portfolio include iShares North American Tech-Multimedia Networking ETF (IGN), SPDR S&P Telecom ETF (XTL), Invesco S&P SmallCap Information Technology ETF (PSCT), Goldman Sachs Future Tech Leaders Equity ETF (GTEK), Convergence Long/Short Equity ETF (CLSE), ProShares Ultra Communication Services (LTL), Defiance Next Gen Connectivity ETF (FIVG) and iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV).

Viavi Solutions issued an update on its third quarter 2023 earnings guidance on Thursday, February, 2nd. The company provided earnings per share (EPS) guidance of $0.10-$0.12 for the period, compared to the consensus EPS estimate of $0.11. The company issued revenue guidance of $256.00 million-$276.00 million, compared to the consensus revenue estimate of $263.33 million.

100 employees have rated Viavi Solutions Chief Executive Officer Oleg Khaykin on Glassdoor.com. Oleg Khaykin has an approval rating of 87% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Viavi Solutions investors own include NVIDIA (NVDA), Intel (INTC), Energy Transfer (ET), QUALCOMM (QCOM), Lam Research (LRCX), AT&T (T), Cisco Systems (CSCO), Lumentum (LITE), Visa (V) and Verizon Communications (VZ).

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

Viavi Solutions' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (1.97%), Geode Capital Management LLC (1.88%), Clearbridge Investments LLC (1.53%), GW&K Investment Management LLC (1.48%), Neuberger Berman Group LLC (1.13%) and Norges Bank (1.01%). Insiders that own company stock include Gary W Staley, Gary W Staley, Keith Barnes, Kevin Christopher Siebert, Luke M Scrivanich, Luke M Scrivanich, Oleg Khaykin, Paul Mcnab, Ralph Rondinone, Richard Belluzzo and Timothy Campos.
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Shares of VIAV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of VIAV stock can currently be purchased for approximately $10.40.

Viavi Solutions (NASDAQ:VIAV) has a market capitalization of $2.34 billion and generates $1.29 billion in revenue each year. The communications equipment provider earns $15.50 million in net income (profit) each year or $0.33 on an earnings per share basis.

The company employs 3,600 workers across the globe.

Viavi Solutions' mailing address is 6001 AMERICA CENTER DRIVE 6TH FLOOR, SAN JOSE CA, 95002. The official website for the company is www.viavisolutions.com. The communications equipment provider can be reached via phone at (408) 404-3600, via email at investor.relations@viavisolutions.com, or via fax at 408-404-4500.