Viavi Solutions Inc (VIAV) Expected to Announce Quarterly Sales of $186.80 Million

Equities research analysts predict that Viavi Solutions Inc (NASDAQ:VIAV) will announce $186.80 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Viavi Solutions’ earnings, with the lowest sales estimate coming in at $185.30 million and the highest estimate coming in at $189.50 million. Viavi Solutions reported sales of $206.50 million in the same quarter last year, which suggests a negative year-over-year growth rate of 9.5%. The firm is expected to report its next quarterly earnings results after the market closes on Thursday, February 1st.

According to Zacks, analysts expect that Viavi Solutions will report full year sales of $186.80 million for the current financial year, with estimates ranging from $775.20 million to $796.10 million. For the next financial year, analysts expect that the company will post sales of $846.50 million per share, with estimates ranging from $813.00 million to $885.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Viavi Solutions.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings results on Wednesday, November 1st. The communications equipment provider reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.06. The company had revenue of $195.20 million for the quarter, compared to analyst estimates of $183.89 million. Viavi Solutions had a net margin of 10.57% and a return on equity of 8.99%. The firm’s revenue was down 7.4% on a year-over-year basis. During the same quarter last year, the business earned $0.09 earnings per share.

Several analysts have recently issued reports on the stock. Stifel Nicolaus reiterated a “hold” rating on shares of Viavi Solutions in a research report on Tuesday, October 24th. Needham & Company LLC reiterated a “hold” rating on shares of Viavi Solutions in a research report on Thursday, October 12th. Rosenblatt Securities set a $13.00 target price on shares of Viavi Solutions and gave the company a “buy” rating in a research report on Wednesday, December 13th. Finally, Zacks Investment Research lowered shares of Viavi Solutions from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $12.50.

In related news, Director Richard Belluzzo sold 10,000 shares of Viavi Solutions stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $9.00, for a total value of $90,000.00. Following the completion of the transaction, the director now owns 198,910 shares in the company, valued at $1,790,190. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Paul Mcnab sold 3,003 shares of Viavi Solutions stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $9.05, for a total transaction of $27,177.15. The disclosure for this sale can be found here. Insiders sold a total of 33,710 shares of company stock worth $303,444 over the last three months. Insiders own 0.59% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Macquarie Group Ltd. acquired a new position in Viavi Solutions during the 2nd quarter worth approximately $19,260,000. Newbrook Capital Advisors LP acquired a new position in Viavi Solutions during the 2nd quarter worth approximately $23,942,000. Renaissance Technologies LLC grew its holdings in Viavi Solutions by 36.1% during the 2nd quarter. Renaissance Technologies LLC now owns 6,628,606 shares of the communications equipment provider’s stock worth $69,799,000 after acquiring an additional 1,756,862 shares in the last quarter. DnB Asset Management AS grew its holdings in Viavi Solutions by 246.0% during the 4th quarter. DnB Asset Management AS now owns 1,485,900 shares of the communications equipment provider’s stock worth $12,987,000 after acquiring an additional 1,056,400 shares in the last quarter. Finally, Teachers Advisors LLC grew its holdings in Viavi Solutions by 26.1% during the 2nd quarter. Teachers Advisors LLC now owns 3,277,962 shares of the communications equipment provider’s stock worth $34,517,000 after acquiring an additional 677,531 shares in the last quarter. Hedge funds and other institutional investors own 92.40% of the company’s stock.

Viavi Solutions (NASDAQ VIAV) traded up $0.01 during mid-day trading on Wednesday, reaching $9.05. 1,733,600 shares of the company traded hands, compared to its average volume of 2,076,820. The firm has a market capitalization of $2,060.00, a price-to-earnings ratio of 25.86, a PEG ratio of 1.48 and a beta of 1.90. The company has a current ratio of 2.20, a quick ratio of 2.10 and a debt-to-equity ratio of 0.47. Viavi Solutions has a 52 week low of $8.32 and a 52 week high of $11.89.

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About Viavi Solutions

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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Earnings History and Estimates for Viavi Solutions (NASDAQ:VIAV)

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