Viavi Solutions (NASDAQ:VIAV) Releases Q1 2020 Earnings Guidance

Viavi Solutions (NASDAQ:VIAV) issued an update on its first quarter 2020 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.14-0.16 for the period, compared to the Thomson Reuters consensus estimate of $0.15. The company issued revenue guidance of $273-293 million, compared to the consensus revenue estimate of $282.26 million.Viavi Solutions also updated its Q1 guidance to $0.14-$0.16 EPS.

A number of equities analysts have commented on the company. Rosenblatt Securities reissued a buy rating and issued a $15.00 price objective on shares of Viavi Solutions in a research note on Friday. Morgan Stanley set a $13.00 price objective on Viavi Solutions and gave the stock a hold rating in a research note on Friday, May 3rd. TheStreet lowered Viavi Solutions from a b- rating to a c+ rating in a research note on Monday, June 3rd. ValuEngine lowered Viavi Solutions from a buy rating to a hold rating in a research note on Thursday, August 1st. Finally, Northland Securities set a $16.00 price objective on Viavi Solutions and gave the stock a buy rating in a research note on Tuesday, June 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $14.00.

Viavi Solutions stock opened at $13.69 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 2.86 and a current ratio of 3.19. The firm has a market cap of $3.29 billion, a P/E ratio of 40.26 and a beta of 0.98. The business’s fifty day moving average is $14.21 and its two-hundred day moving average is $13.08. Viavi Solutions has a 52 week low of $9.17 and a 52 week high of $14.95.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings data on Thursday, August 15th. The communications equipment provider reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $289.70 million for the quarter, compared to analyst estimates of $279.18 million. Viavi Solutions had a positive return on equity of 15.88% and a negative net margin of 3.25%. The business’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.14 earnings per share. On average, equities research analysts predict that Viavi Solutions will post 0.53 earnings per share for the current year.

In other news, CFO Amar Maletira sold 2,500 shares of the company’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $13.31, for a total transaction of $33,275.00. Following the transaction, the chief financial officer now owns 269,370 shares of the company’s stock, valued at $3,585,314.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 22,556 shares of company stock worth $307,093 in the last ninety days. 0.50% of the stock is currently owned by insiders.

Viavi Solutions Company Profile

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

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