Viavi Solutions (NASDAQ:VIAV) Releases Q4 2024 Earnings Guidance

Viavi Solutions (NASDAQ:VIAV) updated its fourth quarter 2024 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 0.060-0.080 for the period, compared to the consensus estimate of 0.110. The company issued revenue guidance of $246.0 million-$258.0 million, compared to the consensus revenue estimate of $264.4 million.

Analysts Set New Price Targets

Several brokerages have weighed in on VIAV. Morgan Stanley upped their price target on Viavi Solutions from $9.00 to $11.00 and gave the stock an equal weight rating in a report on Wednesday, March 6th. StockNews.com raised shares of Viavi Solutions from a hold rating to a buy rating in a report on Friday, April 12th. Rosenblatt Securities decreased their price target on shares of Viavi Solutions from $13.00 to $10.00 and set a buy rating for the company in a research note on Friday. Needham & Company LLC reissued a hold rating on shares of Viavi Solutions in a research report on Friday. Finally, Stifel Nicolaus reaffirmed a buy rating and set a $13.00 price objective on shares of Viavi Solutions in a research report on Monday, April 1st. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $12.00.

Viavi Solutions Trading Down 5.7 %

Shares of VIAV stock opened at $7.56 on Monday. The company has a market capitalization of $1.68 billion, a P/E ratio of -378.00 and a beta of 0.97. The company has a current ratio of 3.81, a quick ratio of 3.35 and a debt-to-equity ratio of 0.90. The business’s 50 day moving average is $9.11 and its two-hundred day moving average is $9.05. Viavi Solutions has a twelve month low of $7.10 and a twelve month high of $11.65.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings data on Thursday, May 2nd. The communications equipment provider reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The firm had revenue of $246.00 million for the quarter, compared to analysts’ expectations of $249.08 million. Viavi Solutions had a positive return on equity of 4.65% and a negative net margin of 0.42%. The firm’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS. Equities analysts forecast that Viavi Solutions will post 0.22 EPS for the current year.

Insider Buying and Selling at Viavi Solutions

In other news, EVP Paul Mcnab sold 15,004 shares of Viavi Solutions stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $10.62, for a total transaction of $159,342.48. Following the completion of the sale, the executive vice president now directly owns 57,940 shares in the company, valued at approximately $615,322.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Viavi Solutions news, SVP Kevin Christopher Siebert sold 13,967 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $10.70, for a total transaction of $149,446.90. Following the sale, the senior vice president now owns 47,097 shares in the company, valued at approximately $503,937.90. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Paul Mcnab sold 15,004 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $10.62, for a total transaction of $159,342.48. Following the completion of the transaction, the executive vice president now directly owns 57,940 shares of the company’s stock, valued at approximately $615,322.80. The disclosure for this sale can be found here. 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.