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 approved a share repurchase program on Friday, February 16th 2018, which authorizes the company to buyback $50,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company's management believes its shares are undervalued.

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

Viavi Solutions is scheduled to release their next quarterly earnings announcement on Tuesday, February 5th 2019. View Earnings Estimates for Viavi Solutions.

Viavi Solutions will be holding an earnings conference call on Tuesday, February 5th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8332459658.

Viavi Solutions updated its second quarter earnings guidance on Thursday, November, 1st. The company provided earnings per share (EPS) 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.

9 brokers have issued twelve-month price targets for Viavi Solutions' shares. Their forecasts range from $9.50 to $14.00. On average, they expect Viavi Solutions' share price to reach $11.6150 in the next twelve months. This suggests a possible upside of 10.6% from the stock's current price. 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, 1 hold rating and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Viavi Solutions.

News headlines about VIAV stock have been trending very positive this week, according to InfoTrie. InfoTrie scores the sentiment of news coverage by analyzing 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 daily sentiment score of 3.2 on InfoTrie's scale. They also assigned headlines about the communications equipment provider a news buzz of 4.0 out of 10, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.

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), First Solar (FSLR), Cree (CREE), Cypress Semiconductor (CY), United Microelectronics (UMC), Mellanox Technologies (MLNX), Semiconductor Manufacturing Int'l (SMI), AU Optronics (AUO), Advantest (ATEYY) and Silicon Laboratories (SLAB).

Viavi Solutions' stock is owned by a number of of institutional and retail investors. Top institutional investors include DNB Asset Management AS (1.84%), Louisiana State Employees Retirement System (0.04%), State of Alaska Department of Revenue (0.03%), Bank of Montreal Can (0.01%), Fox Run Management L.L.C. (0.00%) and Meeder Asset Management Inc. (0.00%). 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, 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 DNB Asset Management AS, Louisiana State Employees Retirement System and Fox Run Management L.L.C.. 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 Meeder Asset Management Inc., State of Alaska Department of Revenue and Bank of Montreal Can. 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 $10.50.

Viavi Solutions has a market capitalization of $2.40 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]