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 stock buyback plan on Friday, February 16th 2018, which permits the company to repurchase $50,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Viavi Solutions Inc (NASDAQ:VIAV) posted its quarterly earnings results on Thursday, November, 1st. The communications equipment provider reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.01. The communications equipment provider had revenue of $268.50 million for the quarter, compared to the consensus estimate of $268.73 million. Viavi Solutions had a negative net margin of 5.92% and a positive return on equity of 12.72%. Viavi Solutions's revenue for the quarter was up 40.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.11 earnings per share. View Viavi Solutions' Earnings History.

Viavi Solutions is scheduled to release their next quarterly earnings announcement on Thursday, February 7th 2019. View Earnings Estimates for Viavi Solutions.

Viavi Solutions issued an update on its second quarter earnings guidance on Thursday, November, 1st. The company provided earnings per share guidance of $0.15-0.17 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.16. The company issued revenue guidance of $270-290 million, compared to the consensus revenue estimate of $280.65 million.Viavi Solutions also updated its Q2 2018 guidance to $0.15-0.17 EPS.

10 brokerages have issued 12-month price objectives for Viavi Solutions' stock. Their predictions range from $9.50 to $14.00. On average, they expect Viavi Solutions' share price to reach $11.7689 in the next year. This suggests a possible upside of 17.8% from the stock's current price. View Analyst Price Targets for Viavi Solutions.

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

Headlines about VIAV stock have trended somewhat negative this week, according to InfoTrie. The research group scores the sentiment of news coverage by monitoring more than six thousand blog and news sources. 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 daily sentiment score of -1.4 on InfoTrie's scale. They also assigned news articles about the communications equipment provider a news buzz of 8.0 out of 10, indicating that recent news coverage is very likely to have an effect on the company's share price in the next several days.

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

Viavi Solutions' stock is owned by a number of of retail and institutional investors. Top institutional investors include Capital Research Global Investors (5.42%), Bank of New York Mellon Corp (4.62%), Capital World Investors (2.41%), Dorsal Capital Management LLC (2.10%), DNB Asset Management AS (1.86%) and Dimensional Fund Advisors LP (1.82%). Company insiders that own Viavi Solutions stock include Amar Maletira, Dion Joannou, Gary W Staley, Keith Barnes, Kevin Christopher Siebert, Luke M Scrivanich, Pamela J Strayer, Paul Mcnab, Ralph Rondinone, Richard Belluzzo and Susan Louise Spradley. 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, Capital Research Global Investors, Canada Pension Plan Investment Board, Capital World Investors, Panagora Asset Management Inc., Victory Capital Management Inc., Pinnacle Associates Ltd. and Teachers Advisors LLC. Company insiders that have sold Viavi Solutions company stock in the last year 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 Insider Buying and Selling for Viavi Solutions.

VIAV stock was purchased by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, AO Asset Management LP, SG Americas Securities LLC, DNB Asset Management AS, Manatuck Hill Partners LLC, Dimensional Fund Advisors LP, Essex Investment Management Co. LLC and Assenagon Asset Management S.A.. 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 $9.99.

Viavi Solutions has a market capitalization of $2.24 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]