$280.46 Million in Sales Expected for Viavi Solutions Inc (NASDAQ:VIAV) This Quarter

Brokerages expect that Viavi Solutions Inc (NASDAQ:VIAV) will announce $280.46 million in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Viavi Solutions’ earnings. The lowest sales estimate is $277.70 million and the highest is $283.34 million. Viavi Solutions posted sales of $264.00 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.2%. The business is scheduled to report its next earnings results on Tuesday, August 13th.

On average, analysts expect that Viavi Solutions will report full year sales of $1.12 billion for the current fiscal year, with estimates ranging from $1.11 billion to $1.12 billion. For the next financial year, analysts forecast that the firm will report sales of $1.18 billion, with estimates ranging from $1.14 billion to $1.25 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Viavi Solutions.

Viavi Solutions (NASDAQ:VIAV) last posted its earnings results on Thursday, May 2nd. The communications equipment provider reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. The firm had revenue of $265.20 million during the quarter, compared to analysts’ expectations of $259.86 million. Viavi Solutions had a negative net margin of 3.25% and a positive return on equity of 15.88%. The business’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.13 earnings per share.

A number of research analysts recently issued reports on the stock. Northland Securities set a $16.00 price objective on shares of Viavi Solutions and gave the company a “buy” rating in a report on Tuesday, June 11th. Zacks Investment Research upgraded shares of Viavi Solutions from a “sell” rating to a “hold” rating in a report on Saturday, June 8th. TheStreet lowered shares of Viavi Solutions from a “b-” rating to a “c+” rating in a report on Monday, June 3rd. BidaskClub lowered shares of Viavi Solutions from a “buy” rating to a “hold” rating in a report on Thursday, May 30th. Finally, Morgan Stanley set a $13.00 price objective on shares of Viavi Solutions and gave the company a “hold” rating in a report on Friday, May 3rd. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $13.81.

Shares of NASDAQ VIAV opened at $13.29 on Friday. The firm has a 50 day simple moving average of $12.89. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 39.09 and a beta of 0.98. Viavi Solutions has a 1 year low of $9.17 and a 1 year high of $14.00. The company has a current ratio of 3.19, a quick ratio of 2.86 and a debt-to-equity ratio of 0.79.

In other Viavi Solutions news, CFO Amar Maletira sold 14,844 shares of the stock in a transaction that occurred on 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 owns 254,526 shares of the company’s stock, valued at approximately $3,509,913.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 19,750 shares of company stock valued at $267,809 in the last three months. Insiders own 0.50% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. increased its position in Viavi Solutions by 46.6% during the 1st quarter. Victory Capital Management Inc. now owns 3,624,562 shares of the communications equipment provider’s stock valued at $44,872,000 after purchasing an additional 1,151,837 shares during the period. Clearbridge Investments LLC increased its position in Viavi Solutions by 18.3% during the 1st quarter. Clearbridge Investments LLC now owns 3,423,335 shares of the communications equipment provider’s stock valued at $42,381,000 after purchasing an additional 530,681 shares during the period. Macquarie Group Ltd. increased its position in Viavi Solutions by 0.5% during the 4th quarter. Macquarie Group Ltd. now owns 2,837,657 shares of the communications equipment provider’s stock valued at $28,518,000 after purchasing an additional 14,500 shares during the period. Geode Capital Management LLC increased its position in Viavi Solutions by 6.6% during the 4th quarter. Geode Capital Management LLC now owns 2,548,290 shares of the communications equipment provider’s stock valued at $25,610,000 after purchasing an additional 157,575 shares during the period. Finally, Neuberger Berman Group LLC increased its position in Viavi Solutions by 1.2% during the 1st quarter. Neuberger Berman Group LLC now owns 2,404,834 shares of the communications equipment provider’s stock valued at $29,773,000 after purchasing an additional 29,036 shares during the period. 92.52% of the stock is owned by institutional investors and hedge funds.

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

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