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

Viavi Solutions (NASDAQ:VIAV) updated its fourth quarter 2024 earnings guidance on Friday. The company provided earnings per share guidance of 0.060-0.080 for the period, compared to the consensus earnings per share 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.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Northland Securities boosted their price target on Viavi Solutions from $12.00 to $17.00 and gave the company an outperform rating in a research report on Wednesday, March 6th. Needham & Company LLC reaffirmed a hold rating on shares of Viavi Solutions in a research note on Friday. Stifel Nicolaus reiterated a buy rating and issued a $13.00 price target on shares of Viavi Solutions in a research report on Monday, April 1st. Rosenblatt Securities reduced their target price on Viavi Solutions from $13.00 to $10.00 and set a buy rating on the stock in a research note on Friday. Finally, Susquehanna downgraded Viavi Solutions from a positive rating to a neutral rating and set a $9.00 price objective on the stock. in a research report on Friday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $12.00.

Viavi Solutions Stock Down 5.7 %

Shares of NASDAQ:VIAV opened at $7.56 on Monday. Viavi Solutions has a 12-month low of $7.10 and a 12-month high of $11.65. The stock’s 50-day moving average price is $9.11 and its two-hundred day moving average price is $9.05. The firm has a market cap of $1.68 billion, a price-to-earnings 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.

Viavi Solutions (NASDAQ:VIAV) last released 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 during 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 business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter last year, the business earned $0.02 earnings per share. On average, research analysts forecast that Viavi Solutions will post 0.22 EPS for the current year.

Insider Activity at Viavi Solutions

In other news, SVP Kevin Christopher Siebert sold 13,967 shares of Viavi Solutions 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 transaction, 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 hyperlink. In related news, SVP Kevin Christopher Siebert sold 13,967 shares of the business’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 transaction of $149,446.90. Following the completion of the transaction, the senior vice president now owns 47,097 shares in the company, valued at approximately $503,937.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Paul Mcnab sold 15,004 shares of the business’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 transaction, the executive vice president now owns 57,940 shares of the company’s stock, valued at approximately $615,322.80. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

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.