Q3 2018 EPS Estimates for Viavi Solutions Inc. Reduced by Analyst (VIAV)

Viavi Solutions Inc. (NASDAQ:VIAV) – Equities research analysts at William Blair lowered their Q3 2018 earnings per share (EPS) estimates for shares of Viavi Solutions in a research note issued to investors on Tuesday, Zacks Investment Research reports. William Blair analyst D. Netis now expects that the communications equipment provider will earn $0.10 per share for the quarter, down from their previous forecast of $0.11. William Blair also issued estimates for Viavi Solutions’ Q1 2019 earnings at $0.11 EPS, Q2 2019 earnings at $0.12 EPS, Q3 2019 earnings at $0.11 EPS, Q4 2019 earnings at $0.12 EPS and FY2019 earnings at $0.45 EPS.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings results on Wednesday, November 1st. The communications equipment provider reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.06. Viavi Solutions had a return on equity of 8.99% and a net margin of 10.57%. The firm had revenue of $195.20 million for the quarter, compared to analyst estimates of $183.89 million. During the same period in the previous year, the company posted $0.09 earnings per share. The business’s revenue was down 7.4% on a year-over-year basis.

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VIAV has been the topic of a number of other research reports. Zacks Investment Research downgraded Viavi Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, August 19th. BidaskClub downgraded Viavi Solutions from a “hold” rating to a “sell” rating in a report on Monday, August 14th. TheStreet cut Viavi Solutions from a “b” rating to a “c+” rating in a research note on Tuesday, August 1st. Needham & Company LLC reissued a “hold” rating on shares of Viavi Solutions in a research note on Thursday, October 12th. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of Viavi Solutions in a research report on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $12.78.

Shares of Viavi Solutions (NASDAQ:VIAV) traded up $0.13 during trading on Thursday, reaching $8.55. The company had a trading volume of 5,418,000 shares, compared to its average volume of 3,122,076. Viavi Solutions has a 52-week low of $7.56 and a 52-week high of $11.89. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.10 and a current ratio of 2.20. The stock has a market capitalization of $1,940.00, a P/E ratio of 28.50, a price-to-earnings-growth ratio of 1.40 and a beta of 1.86.

In other news, SVP Luke M. Scrivanich sold 6,179 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $10.21, for a total transaction of $63,087.59. Following the sale, the senior vice president now owns 18,938 shares in the company, valued at $193,356.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kevin Christopher Siebert sold 4,591 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $10.11, for a total value of $46,415.01. Following the sale, the vice president now owns 6,600 shares in the company, valued at approximately $66,726. The disclosure for this sale can be found here. In the last quarter, insiders have sold 100,151 shares of company stock worth $972,975. 0.59% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Viavi Solutions by 4.4% during the first quarter. Vanguard Group Inc. now owns 20,894,176 shares of the communications equipment provider’s stock worth $223,986,000 after purchasing an additional 873,359 shares during the last quarter. DnB Asset Management AS acquired a new stake in shares of Viavi Solutions during the second quarter worth $4,523,000. Teacher Retirement System of Texas boosted its holdings in shares of Viavi Solutions by 2.1% during the second quarter. Teacher Retirement System of Texas now owns 18,336 shares of the communications equipment provider’s stock worth $193,000 after purchasing an additional 371 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Viavi Solutions by 7.8% during the second quarter. Legal & General Group Plc now owns 434,542 shares of the communications equipment provider’s stock worth $4,577,000 after purchasing an additional 31,547 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd boosted its holdings in shares of Viavi Solutions by 140.2% during the second quarter. Dynamic Technology Lab Private Ltd now owns 56,497 shares of the communications equipment provider’s stock worth $595,000 after purchasing an additional 32,972 shares during the last quarter. Institutional investors and hedge funds own 92.75% of the company’s stock.

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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Earnings History and Estimates for Viavi Solutions (NASDAQ:VIAV)

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