Viavi Solutions (NASDAQ:VIAV – Get Free Report) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.06-$0.08 for the period, compared to the consensus earnings per share estimate of $0.11. The company issued revenue guidance of $246-$258 million, compared to the consensus revenue estimate of $264.39 million.
Viavi Solutions Stock Performance
NASDAQ VIAV traded up $0.10 during trading on Thursday, reaching $8.02. The company’s stock had a trading volume of 1,926,747 shares, compared to its average volume of 2,061,742. The business’s fifty day moving average price is $9.19 and its 200-day moving average price is $9.04. Viavi Solutions has a twelve month low of $7.26 and a twelve month high of $11.65. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.72 and a current ratio of 3.09. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 396.00 and a beta of 0.97.
Viavi Solutions (NASDAQ:VIAV – Get Free Report) last issued its quarterly earnings results on Thursday, February 1st. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. Viavi Solutions had a return on equity of 5.38% and a net margin of 0.49%. The firm had revenue of $254.50 million for the quarter, compared to analysts’ expectations of $249.77 million. As a group, analysts anticipate that Viavi Solutions will post 0.22 EPS for the current fiscal year.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on VIAV
Insiders Place Their Bets
In other Viavi Solutions news, EVP Paul Mcnab sold 15,004 shares of the business’s stock in a transaction 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 transaction, the executive vice president now directly owns 57,940 shares in the company, valued at approximately $615,322.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Paul Mcnab sold 15,004 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $10.62, for a total value of $159,342.48. Following the sale, the executive vice president now directly owns 57,940 shares of the company’s stock, valued at $615,322.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Kevin Christopher Siebert sold 13,967 shares of the business’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 transaction 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 disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.
About Viavi Solutions
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.
See Also
- Five stocks we like better than Viavi Solutions
- Energy and Oil Stocks Explained
- Meta Stock: 3 Reasons This Stumble Is a Golden Buying Opportunity
- Investing In Preferred Stock vs. Common Stock
- 3 Staples Stocks to Cushion Lower Consumer Sentiment
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- Zillow’s Earnings Dip: An Opportunity for Visionaries
Receive News & Ratings for Viavi Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viavi Solutions and related companies with MarketBeat.com's FREE daily email newsletter.