News stories about Viavi Solutions (NASDAQ:VIAV) have been trending somewhat positive on Wednesday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Viavi Solutions earned a news impact score of 0.20 on Accern’s scale. Accern also assigned headlines about the communications equipment provider an impact score of 44.5330669295542 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
Shares of Viavi Solutions (NASDAQ VIAV) traded down $0.05 during mid-day trading on Wednesday, reaching $9.67. The company had a trading volume of 1,563,462 shares, compared to its average volume of 2,735,708. The stock has a market cap of $2,195.98, a price-to-earnings ratio of 74.39, a price-to-earnings-growth ratio of 1.58 and a beta of 1.11. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.18 and a quick ratio of 2.06. Viavi Solutions has a one year low of $8.34 and a one year high of $11.89.
Viavi Solutions (NASDAQ:VIAV) last issued its earnings results on Thursday, February 1st. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.02. The company had revenue of $201.80 million during the quarter, compared to analyst estimates of $185.80 million. Viavi Solutions had a return on equity of 9.60% and a net margin of 3.94%. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the business posted $0.10 EPS. equities analysts predict that Viavi Solutions will post 0.31 earnings per share for the current year.
Several brokerages recently issued reports on VIAV. Zacks Investment Research cut Viavi Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. BidaskClub raised Viavi Solutions from a “strong sell” rating to a “sell” rating in a research report on Monday, February 5th. Stifel Nicolaus raised Viavi Solutions from a “hold” rating to a “buy” rating and increased their target price for the company from $10.00 to $12.00 in a research report on Friday, February 2nd. Morgan Stanley increased their target price on Viavi Solutions from $9.00 to $10.50 and gave the company an “equal weight” rating in a research report on Friday, February 2nd. Finally, Loop Capital raised Viavi Solutions from a “hold” rating to a “buy” rating and set a $9.50 target price on the stock in a research report on Monday, February 5th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $11.93.
In other Viavi Solutions news, SVP Luke M. Scrivanich sold 3,920 shares of Viavi Solutions stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $8.97, for a total transaction of $35,162.40. Following the completion of the transaction, the senior vice president now owns 27,629 shares in the company, valued at approximately $247,832.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Keith Barnes sold 13,500 shares of Viavi Solutions stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $9.75, for a total value of $131,625.00. Following the transaction, the director now owns 119,545 shares of the company’s stock, valued at approximately $1,165,563.75. The disclosure for this sale can be found here. Insiders sold a total of 47,210 shares of company stock valued at $435,069 in the last 90 days. 0.59% of the stock is currently owned by company insiders.
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About Viavi Solutions
Viavi Solutions Inc (Viavi) is a provider of network test, monitoring and assurance solutions to communications service providers, enterprises and their ecosystems. The Company also offers thin film optical coatings, providing light management solutions to anti-counterfeiting, consumer and industrial, government and healthcare and other markets.
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