Viavi Solutions (NASDAQ:VIAV) updated its first quarter earnings guidance on Thursday. 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.Viavi Solutions also updated its Q1 2020 guidance to $0.14-0.16 EPS.
Several analysts have weighed in on the stock. Zacks Investment Research lowered shares of Viavi Solutions from a hold rating to a sell rating in a research note on Friday, July 5th. ValuEngine lowered shares of Viavi Solutions from a buy rating to a hold rating in a research note on Thursday, August 1st. Morgan Stanley set a $13.00 target price on shares of Viavi Solutions and gave the company a hold rating in a research note on Friday, May 3rd. BidaskClub upgraded shares of Viavi Solutions from a buy rating to a strong-buy rating in a research report on Thursday. Finally, JPMorgan Chase & Co. upgraded shares of Viavi Solutions from an underweight rating to a neutral rating and upped their price target for the stock from $12.00 to $13.00 in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $14.00.
VIAV traded down $0.54 on Thursday, reaching $13.60. The company had a trading volume of 4,762,834 shares, compared to its average volume of 2,226,090. The company has a fifty day moving average of $14.21 and a 200-day moving average of $13.08. The company has a market capitalization of $3.11 billion, a P/E ratio of 40.00 and a beta of 0.98. The company has a current ratio of 3.19, a quick ratio of 2.86 and a debt-to-equity ratio of 0.79. Viavi Solutions has a one year low of $9.17 and a one year high of $14.95.
In other Viavi Solutions news, CFO Amar Maletira sold 14,844 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $13.79, for a total transaction of $204,698.76. Following the completion of the sale, the chief financial officer now directly owns 254,526 shares of the company’s stock, valued at $3,509,913.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 22,556 shares of company stock valued at $307,093 over the last ninety days. Insiders own 0.50% of the company’s stock.
About Viavi Solutions
Viavi Solutions Inc provides network test, monitoring, and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil government, military, and avionics customers worldwide. The company operates through Network Enablement, Service Enablement, and Optical Security and Performance Products segments.
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