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 initiated 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 purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its shares are undervalued.

Viavi Solutions Inc (NASDAQ:VIAV) issued its quarterly earnings data on Thursday, August, 15th. The communications equipment provider reported $0.13 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.12 by $0.01. The communications equipment provider earned $289.70 million during the quarter, compared to analyst estimates of $279.18 million. Viavi Solutions had a return on equity of 16.81% and a net margin of 0.48%. The business's revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.14 EPS. View Viavi Solutions' Earnings History.

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

Viavi Solutions issued an update on its first quarter earnings guidance on Thursday, August, 15th. The company provided EPS guidance of $0.14-$0.16 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.15. The company issued revenue guidance of $273-$293 million, compared to the consensus revenue estimate of $282.31 million.

6 equities research analysts have issued 12 month target prices for Viavi Solutions' shares. Their predictions range from $13.00 to $16.00. On average, they anticipate Viavi Solutions' share price to reach $14.20 in the next twelve months. This suggests that the stock has a possible downside of 0.6%. View Analyst Price Targets for Viavi Solutions.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Viavi Solutions in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Viavi Solutions.

Media coverage about VIAV stock has trended negative recently, according to InfoTrie. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Viavi Solutions earned a news sentiment score of -2.3 on InfoTrie's scale. They also gave news headlines about the communications equipment provider a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for Viavi Solutions.

Viavi Solutions saw a drop in short interest in July. As of July 31st, there was short interest totalling 9,338,000 shares, a drop of 11.5% from the June 30th total of 10,553,100 shares. Based on an average trading volume of 2,180,000 shares, the days-to-cover ratio is currently 4.3 days. Currently, 4.1% of the company's shares are sold short. View Viavi Solutions' Current Options Chain.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Viavi Solutions investors own include Lundin Mining (LUN), Lam Research (LRCX), Energy Transfer LP Unit (ET), Lumentum (LITE), Ford Motor (F), NVIDIA (NVDA), Intel (INTC), QUALCOMM (QCOM), Advanced Micro Devices (AMD) and Cisco Systems (CSCO).

Viavi Solutions' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (10.75%), Renaissance Technologies LLC (1.94%), Victory Capital Management Inc. (1.62%), DNB Asset Management AS (1.43%), Rothschild & Co. Asset Management US Inc. (1.42%) and Northern Trust Corp (1.33%). 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 Tygh Capital Management Inc., William Blair Investment Management LLC, Pinnacle Associates Ltd., Prudential Financial Inc., Public Employees Retirement System of Ohio, Westfield Capital Management Co. LP, Royal Bank of Canada and Eagle Asset 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, Luke M Scrivanich, Paul Mcnab and Ralph Rondinone. View Insider Buying and Selling for Viavi Solutions.

VIAV stock was bought by a variety of institutional investors in the last quarter, including Balyasny Asset Management LLC, Bank of Montreal Can, Renaissance Technologies LLC, Rothschild & Co. Asset Management US Inc., Nuveen Asset Management LLC, DNB Asset Management AS, Castleark Management LLC and Vanguard Group 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, Scottrade, Fidelity and Charles Schwab.

One share of VIAV stock can currently be purchased for approximately $14.29.

Viavi Solutions has a market capitalization of $3.27 billion and generates $1.13 billion in revenue each year. The communications equipment provider earns $-46,000,000.00 in net income (profit) each year or $0.52 on an earnings per share basis. Viavi Solutions employs 3,500 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]