Viavi Solutions (NASDAQ:VIAV) Updates Q2 2022 Earnings Guidance

Viavi Solutions (NASDAQ:VIAV) updated its second quarter 2022 earnings guidance on Thursday. The company provided earnings per share guidance of $0.180-$0.200 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.210. The company issued revenue guidance of $296 million-$310 million, compared to the consensus revenue estimate of $318.71 million.

Several research firms have commented on VIAV. B. Riley reissued a buy rating on shares of Viavi Solutions in a research note on Friday, August 13th. Morgan Stanley lifted their price target on shares of Viavi Solutions from $18.00 to $19.00 and gave the stock an equal weight rating in a research note on Friday, August 13th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Buy and a consensus target price of $19.43.

Shares of Viavi Solutions stock traded down $0.02 on Thursday, hitting $15.60. The stock had a trading volume of 904,147 shares, compared to its average volume of 1,781,357. The company has a debt-to-equity ratio of 0.93, a quick ratio of 4.20 and a current ratio of 4.56. Viavi Solutions has a one year low of $13.20 and a one year high of $18.14. The firm has a market cap of $3.71 billion, a PE ratio of -141.82 and a beta of 0.68. The firm has a 50-day moving average of $15.73.

Viavi Solutions (NASDAQ:VIAV) last issued its earnings results on Thursday, November 4th. The communications equipment provider reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.03. Viavi Solutions had a negative net margin of 1.85% and a positive return on equity of 19.51%. The firm had revenue of $326.80 million for the quarter, compared to analysts’ expectations of $310.59 million. During the same quarter last year, the business earned $0.15 earnings per share. The business’s revenue was up 14.8% on a year-over-year basis. On average, equities analysts anticipate that Viavi Solutions will post 0.68 EPS for the current fiscal year.

In related news, EVP Paul Mcnab sold 8,830 shares of Viavi Solutions stock in a transaction on Thursday, November 11th. The shares were sold at an average price of $15.31, for a total value of $135,187.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Luke M. Scrivanich sold 12,913 shares of Viavi Solutions stock in a transaction on Wednesday, September 29th. The shares were sold at an average price of $15.61, for a total transaction of $201,571.93. The disclosure for this sale can be found here. Insiders sold 34,555 shares of company stock worth $541,123 in the last 90 days. Company insiders own 1.63% of the company’s stock.

A hedge fund recently bought a new stake in Viavi Solutions stock. LPL Financial LLC acquired a new stake in shares of Viavi Solutions Inc. (NASDAQ:VIAV) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,253 shares of the communications equipment provider’s stock, valued at approximately $161,000. 94.68% of the stock is currently owned by institutional investors and hedge funds.

Viavi Solutions Company Profile

Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.

Further Reading: Price-Sales Ratio

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

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