Viavi Solutions (NASDAQ:VIAV – Get Free Report) is scheduled to release its earnings data after the market closes on Thursday, May 2nd. Analysts expect Viavi Solutions to post earnings of $0.07 per share for the quarter. Viavi Solutions has set its Q3 guidance at $0.05-0.09 EPS and its Q3 2024 guidance at 0.050-0.090 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.
Viavi Solutions (NASDAQ:VIAV – Get Free Report) last announced its quarterly earnings data on Thursday, February 1st. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. Viavi Solutions had a return on equity of 5.38% and a net margin of 0.49%. The business had revenue of $254.50 million during the quarter, compared to analyst estimates of $249.77 million. On average, analysts expect Viavi Solutions to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Viavi Solutions Price Performance
Shares of NASDAQ:VIAV opened at $7.90 on Wednesday. The company has a current ratio of 3.09, a quick ratio of 2.72 and a debt-to-equity ratio of 0.87. Viavi Solutions has a 1 year low of $7.26 and a 1 year high of $11.65. The business has a fifty day simple moving average of $9.22 and a 200 day simple moving average of $9.05. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 395.00 and a beta of 0.95.
Insider Activity
Analyst Ratings Changes
Several research firms have weighed in on VIAV. Northland Securities raised their target price on Viavi Solutions from $12.00 to $17.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Morgan Stanley raised their target price on Viavi Solutions from $9.00 to $11.00 and gave the company an “equal weight” rating in a report on Wednesday, March 6th. Susquehanna raised their target price on Viavi Solutions from $12.00 to $14.00 and gave the company a “positive” rating in a report on Thursday, March 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of Viavi Solutions in a research report on Monday, April 1st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $13.00 price target on shares of Viavi Solutions in a research report on Monday, April 1st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $13.60.
View Our Latest Research Report on VIAV
Viavi Solutions Company Profile
Viavi Solutions Inc provides network test, monitoring, and assurance solutions for communications service providers, hyperscalers, network equipment manufacturers, original equipment manufacturers, government, and avionics customers in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.
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