Viavi Solutions (NASDAQ:VIAV – Get Free Report) will be releasing its earnings data after the market closes on Thursday, May 2nd. Analysts expect Viavi Solutions to post earnings of $0.07 per share for the quarter. Viavi Solutions has set its Q3 guidance at $0.05-0.09 EPS and its Q3 2024 guidance at 0.050-0.090 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.
Viavi Solutions (NASDAQ:VIAV – Get Free Report) last issued its quarterly earnings data on Thursday, February 1st. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. Viavi Solutions had a return on equity of 5.38% and a net margin of 0.49%. The company had revenue of $254.50 million during the quarter, compared to the consensus estimate of $249.77 million. On average, analysts expect Viavi Solutions to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Viavi Solutions Price Performance
Shares of VIAV opened at $7.99 on Thursday. Viavi Solutions has a 1 year low of $7.26 and a 1 year high of $11.65. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.09 and a quick ratio of 2.72. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 399.50 and a beta of 0.95. The business has a 50-day moving average of $9.38 and a 200-day moving average of $9.06.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on Viavi Solutions
Insiders Place Their Bets
In other Viavi Solutions news, SVP Kevin Christopher Siebert sold 13,967 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $10.70, for a total value of $149,446.90. Following the completion of the sale, the senior vice president now owns 47,097 shares of the company’s stock, valued at $503,937.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Viavi Solutions news, EVP Paul Mcnab sold 15,004 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $10.62, for a total value of $159,342.48. Following the completion of the sale, the executive vice president now owns 57,940 shares of the company’s stock, valued at $615,322.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Kevin Christopher Siebert sold 13,967 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $10.70, for a total value of $149,446.90. Following the completion of the sale, the senior vice president now directly owns 47,097 shares of the company’s stock, valued at approximately $503,937.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,093 shares of company stock worth $319,841. 1.80% of the stock is owned by corporate insiders.
Viavi Solutions Company Profile
Viavi Solutions Inc provides network test, monitoring, and assurance solutions for communications service providers, hyperscalers, network equipment manufacturers, original equipment manufacturers, government, and avionics customers in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.
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