Viavi Solutions (VIAV) Scheduled to Post Earnings on Thursday

Viavi Solutions (NASDAQ:VIAV) is scheduled to be announcing its earnings results after the market closes on Thursday, August 8th. Analysts expect the company to announce earnings of $0.07 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Viavi Solutions Stock Up 2.3 %

Viavi Solutions stock opened at $7.47 on Wednesday. Viavi Solutions has a twelve month low of $6.60 and a twelve month high of $11.32. The company has a quick ratio of 3.35, a current ratio of 3.81 and a debt-to-equity ratio of 0.90. The company has a 50 day moving average of $7.42 and a 200-day moving average of $8.41. The stock has a market capitalization of $1.67 billion, a PE ratio of -373.50 and a beta of 0.91.

Analysts Set New Price Targets

Several research firms have issued reports on VIAV. Needham & Company LLC reissued a “hold” rating on shares of Viavi Solutions in a research note on Friday, May 3rd. Stifel Nicolaus cut their target price on Viavi Solutions from $13.00 to $10.50 and set a “buy” rating on the stock in a research note on Tuesday. Rosenblatt Securities cut shares of Viavi Solutions from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $10.00 to $8.25 in a research note on Wednesday, June 26th. Argus upgraded shares of Viavi Solutions to a “strong-buy” rating in a report on Thursday, May 9th. Finally, StockNews.com upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a report on Friday, April 12th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $11.15.

Insider Activity

In other news, EVP Paul Mcnab sold 6,822 shares of Viavi Solutions stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $7.33, for a total value of $50,005.26. Following the completion of the transaction, the executive vice president now owns 42,955 shares of the company’s stock, valued at approximately $314,860.15. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.80% of the stock is currently owned by 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.