Headlines about Viavi Solutions (NASDAQ:VIAV) have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Viavi Solutions earned a news impact score of 0.18 on Accern’s scale. Accern also gave headlines about the communications equipment provider an impact score of 44.8410857252892 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Most Recent Figure Make This Stock Even More Attractive – Viavi Solutions Inc. (NASDAQ: VIAV) – The Investor Guide (wallstreetnews24.com)
- Investors Recap on Viavi Solutions Inc. (VIAV) – Wall Street Morning (wallstreetmorning.com)
- Head-To-Head Survey: Viavi Solutions (VIAV) & Gilat Satellite Networks (GILT) (americanbankingnews.com)
- Brokerages Anticipate Viavi Solutions Inc (VIAV) Will Announce Quarterly Sales of $186.80 Million (americanbankingnews.com)
- Abbott Laboratories (ABT) is CHICAGO TRUST Co NA’s 8th Largest Position (nismagazine.com)
Shares of Viavi Solutions (NASDAQ VIAV) traded up $0.22 on Tuesday, hitting $8.96. The stock had a trading volume of 2,347,571 shares, compared to its average volume of 2,011,750. Viavi Solutions has a fifty-two week low of $8.13 and a fifty-two 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 firm has a market cap of $2,040.00, a PE ratio of 25.60, a PEG ratio of 1.43 and a beta of 1.89.
Viavi Solutions (NASDAQ:VIAV) last issued its 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. The business had revenue of $195.20 million during the quarter, compared to analysts’ expectations of $183.89 million. Viavi Solutions had a return on equity of 8.99% and a net margin of 10.57%. Viavi Solutions’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.09 EPS. analysts anticipate that Viavi Solutions will post 0.31 earnings per share for the current fiscal year.
VIAV has been the subject of several recent analyst reports. Rosenblatt Securities set a $13.00 price target on Viavi Solutions and gave the stock a “buy” rating in a research note on Wednesday, December 13th. Stifel Nicolaus reissued a “hold” rating on shares of Viavi Solutions in a research report on Tuesday, October 24th. Needham & Company LLC reissued a “hold” rating on shares of Viavi Solutions in a research report on Thursday, October 12th. Finally, Zacks Investment Research cut Viavi Solutions from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. Viavi Solutions presently has an average rating of “Hold” and an average price target of $12.50.
In related news, Director Richard Belluzzo sold 10,000 shares of the stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $9.54, for a total transaction of $95,400.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Paul Mcnab sold 3,003 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $9.05, for a total value of $27,177.15. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,713 shares of company stock worth $353,871. 0.59% of the stock is owned by corporate insiders.
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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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