News headlines about Viavi Solutions (NASDAQ:VIAV) have been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Viavi Solutions earned a media sentiment score of 0.02 on Accern’s scale. Accern also gave media coverage about the communications equipment provider an impact score of 42.8710181333289 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Viavi Solutions Inc. (NASDAQ:VIAV) – Is The Stock Undervalued? (P/E Evaluation) – Nasdaq Journal (nasdaqjournal.com)
- Cobham completes sale of business units to Viavi (janes.com)
- What Everybody Ought to Know About these: Viavi Solutions Inc., (NASDAQ: VIAV), Arena Pharmaceuticals, Inc … – Global Export Lines (press release) (globalexportlines.com)
- Traders Alert: Graphic Packaging Holding Company (NYSE:GPK), Viavi Solutions Inc. (NASDAQ:VIAV) – The Oracle Examiner (oracleexaminer.com)
- How Analysts Feel About Viavi Solutions Inc. (NASDAQ:VIAV)? – NMSU Hеrаld (nmsuherald.com)
Shares of Viavi Solutions (NASDAQ:VIAV) opened at $10.11 on Friday. The company has a market capitalization of $2,281.83, a P/E ratio of 77.78, a P/E/G ratio of 1.65 and a beta of 0.93. Viavi Solutions has a 12 month low of $8.34 and a 12 month high of $11.89. The company has a quick ratio of 2.06, a current ratio of 2.18 and a debt-to-equity ratio of 0.48.
Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings results on Thursday, February 1st. The communications equipment provider reported $0.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.02. The business had revenue of $201.80 million during the quarter, compared to analysts’ expectations of $185.80 million. Viavi Solutions had a return on equity of 9.60% and a net margin of 3.94%. The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.10 EPS. research analysts expect that Viavi Solutions will post 0.31 earnings per share for the current year.
Viavi Solutions announced that its Board of Directors has initiated a share repurchase program on Thursday, February 15th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the communications equipment provider to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
Several equities analysts have weighed in on the company. BidaskClub raised Viavi Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, March 7th. Zacks Investment Research cut Viavi Solutions from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. Stifel Nicolaus raised Viavi Solutions from a “hold” rating to a “buy” rating and boosted their price target for the company from $10.00 to $12.00 in a research note on Friday, February 2nd. Loop Capital began coverage on Viavi Solutions in a research note on Monday, January 29th. They issued a “hold” rating and a $9.50 price target for the company. Finally, Morgan Stanley boosted their price target on Viavi Solutions from $9.00 to $10.50 and gave the company an “equal weight” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. Viavi Solutions currently has an average rating of “Buy” and a consensus price target of $11.93.
In other Viavi Solutions news, Director Pamela J. Strayer sold 44,278 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $9.72, for a total transaction of $430,382.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard Belluzzo sold 4,997 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $9.00, for a total value of $44,973.00. Following the sale, the director now directly owns 190,654 shares of the company’s stock, valued at approximately $1,715,886. The disclosure for this sale can be found here. Insiders have sold 85,832 shares of company stock valued at $832,577 in the last ninety days. Company insiders own 0.59% of the company’s stock.
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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