Viavi Solutions Inc. (NASDAQ:VIAV) - Research analysts at William Blair dropped their Q1 2018 earnings per share (EPS) estimates for Viavi Solutions in a report issued on Wednesday. William Blair analyst D. Netis now anticipates that the communications equipment provider will post earnings of $0.06 per share for the quarter, down from their prior forecast of $0.08. William Blair also issued estimates for Viavi Solutions’ Q2 2018 earnings at $0.07 EPS, Q3 2018 earnings at $0.11 EPS, FY2018 earnings at $0.35 EPS, Q1 2019 earnings at $0.12 EPS, Q2 2019 earnings at $0.15 EPS, Q3 2019 earnings at $0.13 EPS and Q4 2019 earnings at $0.13 EPS.
Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings results on Tuesday, August 15th. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.03. The company had revenue of $198.10 million for the quarter, compared to analysts’ expectations of $196.22 million. Viavi Solutions had a return on equity of 8.46% and a net margin of 20.57%. The firm’s revenue was down 11.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.10 earnings per share. ILLEGAL ACTIVITY WARNING: “Q1 2018 EPS Estimates for Viavi Solutions Inc. Reduced by Analyst (VIAV)” was posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this story on another website, it was stolen and republished in violation of United States & international copyright & trademark legislation. The correct version of this story can be accessed at https://stocknewstimes.com/2017/08/20/q1-2018-eps-estimates-for-viavi-solutions-inc-reduced-by-analyst-viav.html.
Several other equities analysts have also weighed in on VIAV. B. Riley restated a “buy” rating and issued a $14.00 price objective on shares of Viavi Solutions in a report on Thursday, August 10th. Zacks Investment Research lowered shares of Viavi Solutions from a “buy” rating to a “hold” rating in a report on Saturday. Stifel Nicolaus restated a “hold” rating and issued a $11.00 price objective on shares of Viavi Solutions in a report on Thursday, August 3rd. MKM Partners increased their price objective on shares of Viavi Solutions from $11.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday. Finally, BidaskClub lowered shares of Viavi Solutions from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. Viavi Solutions presently has a consensus rating of “Buy” and an average target price of $12.53.
Viavi Solutions (NASDAQ:VIAV) opened at 10.09 on Friday. Viavi Solutions has a 12-month low of $6.99 and a 12-month high of $11.89. The company has a market cap of $2.29 billion, a PE ratio of 14.27 and a beta of 1.36. The firm has a 50 day moving average price of $10.85 and a 200 day moving average price of $10.62.
A number of large investors have recently bought and sold shares of the company. Tocqueville Asset Management L.P. purchased a new stake in Viavi Solutions during the first quarter valued at $552,000. Jennison Associates LLC raised its stake in Viavi Solutions by 0.9% in the first quarter. Jennison Associates LLC now owns 134,633 shares of the communications equipment provider’s stock valued at $1,443,000 after buying an additional 1,245 shares during the period. Wells Fargo & Company MN raised its stake in Viavi Solutions by 29.8% in the first quarter. Wells Fargo & Company MN now owns 499,643 shares of the communications equipment provider’s stock valued at $5,356,000 after buying an additional 114,731 shares during the period. State of New Jersey Common Pension Fund D purchased a new stake in Viavi Solutions during the first quarter valued at $2,144,000. Finally, First Mercantile Trust Co. purchased a new stake in Viavi Solutions during the first quarter valued at $155,000. Institutional investors own 94.47% of the company’s stock.
In other Viavi Solutions news, SVP Luke M. Scrivanich sold 4,691 shares of the stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $11.39, for a total value of $53,430.49. Following the sale, the senior vice president now directly owns 22,707 shares in the company, valued at $258,632.73. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last quarter, insiders sold 9,632 shares of company stock worth $108,000. Company insiders own 0.35% of the company’s stock.
Viavi Solutions Company Profile
Viavi Solutions Inc (Viavi) is a provider of network test, monitoring and assurance solutions to communications service providers, enterprises and their ecosystems. The Company also offers thin film optical coatings, providing light management solutions to anti-counterfeiting, consumer and industrial, government and healthcare and other markets.
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