Headlines about Viavi Solutions (NASDAQ:VIAV) have been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Viavi Solutions earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media headlines about the communications equipment provider an impact score of 45.4772392181992 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern’s rankings:
- Richard Belluzzo Sells 10,000 Shares of Viavi Solutions Inc. (VIAV) Stock (americanbankingnews.com)
- Viavi Solutions Inc. (VIAV)’s Sparking Facts Gather By Returns Ratio Analysis- Iron Mountain Incorporated (IRM) – Investing News Update (investingbizz.com)
- Most Prominent Stock -:- Ambev SA (NYSE:ABEV), Viavi Solutions Inc. (NASDAQ:VIAV), Harmony Gold Mining … – Market Breaking Point (press release) (journalfinance.net)
- Viavi Solutions’ (VIAV) Hold Rating Reiterated at Needham & Company LLC (americanbankingnews.com)
- Viavi Solutions Inc. (VIAV) Given Average Rating of “Buy” by Brokerages (americanbankingnews.com)
A number of analysts have weighed in on VIAV shares. BidaskClub upgraded Viavi Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. TheStreet lowered Viavi Solutions from a “b” rating to a “c+” rating in a report on Tuesday, August 1st. Stifel Nicolaus restated a “hold” rating and set a $11.00 target price (up previously from $9.50) on shares of Viavi Solutions in a report on Thursday, June 22nd. MKM Partners upped their target price on Viavi Solutions from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, August 16th. Finally, B. Riley restated a “buy” rating and set a $14.00 target price on shares of Viavi Solutions in a report on Tuesday, August 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $12.78.
Shares of Viavi Solutions (NASDAQ:VIAV) traded down 0.21% during mid-day trading on Tuesday, hitting $9.38. The stock had a trading volume of 265,195 shares. The stock’s 50-day moving average is $9.78 and its 200 day moving average is $10.52. Viavi Solutions has a 12 month low of $6.99 and a 12 month high of $11.89. The firm has a market cap of $2.13 billion, a PE ratio of 13.27 and a beta of 1.31.
Viavi Solutions (NASDAQ:VIAV) last issued its earnings results on Tuesday, August 15th. The communications equipment provider reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. The firm had revenue of $198.10 million during the quarter, compared to the consensus estimate of $196.22 million. Viavi Solutions had a net margin of 20.57% and a return on equity of 8.46%. The company’s revenue was down 11.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.10 earnings per share. Equities research analysts predict that Viavi Solutions will post $0.41 earnings per share for the current fiscal year.
In related news, SVP Ralph Rondinone sold 4,569 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $9.83, for a total value of $44,913.27. Following the completion of the sale, the senior vice president now directly owns 7,239 shares of the company’s stock, valued at $71,159.37. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Kevin Christopher Siebert sold 4,591 shares of the business’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $10.11, for a total transaction of $46,415.01. Following the completion of the sale, the vice president now directly owns 6,600 shares of the company’s stock, valued at $66,726. The disclosure for this sale can be found here. Over the last three months, insiders sold 100,694 shares of company stock valued at $978,964. 0.59% of the stock is owned by corporate insiders.
Viavi Solutions Company Profile
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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