Somewhat Favorable News Coverage Somewhat Unlikely to Impact Viavi Solutions (VIAV) Stock Price
News headlines about Viavi Solutions (NASDAQ:VIAV) have trended somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Viavi Solutions earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned media headlines about the communications equipment provider an impact score of 46.7536884142644 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media headlines that may have effected Accern’s analysis:
- Q1 2019 EPS Estimates for Viavi Solutions Inc. (VIAV) Lifted by Jefferies Group (americanbankingnews.com)
- George Soros Buys Altaba Inc, EQT Corp, Viavi Solutions Inc, Sells Adecoagro SA, Hewlett … – Nasdaq (nasdaq.com)
- IBD Rating Upgrades: Viavi Solutions Flashes Improved Relative Price Strength (finance.yahoo.com)
- $183.34 Million in Sales Expected for Viavi Solutions Inc. (VIAV) This Quarter (americanbankingnews.com)
- Viavi Solutions Inc. (VIAV) Given Consensus Recommendation of “Buy” by Brokerages (americanbankingnews.com)
Shares of Viavi Solutions (NASDAQ:VIAV) opened at 9.79 on Friday. The stock has a market capitalization of $2.23 billion, a PE ratio of 13.85 and a beta of 1.35. Viavi Solutions has a 52-week low of $6.99 and a 52-week high of $11.89. The stock has a 50 day moving average price of $10.39 and a 200-day moving average price of $10.62.
Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings data on Tuesday, August 15th. The communications equipment provider reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. Viavi Solutions had a return on equity of 8.46% and a net margin of 20.57%. The company had revenue of $198.10 million during the quarter, compared to analysts’ expectations of $196.22 million. During the same period last year, the firm earned $0.10 EPS. The firm’s revenue for the quarter was down 11.6% on a year-over-year basis. On average, equities research analysts anticipate that Viavi Solutions will post $0.41 EPS for the current fiscal year.
A number of research analysts have issued reports on VIAV shares. B. Riley reissued a “buy” rating and issued a $14.00 price target on shares of Viavi Solutions in a report on Tuesday, August 15th. MKM Partners boosted their price target on Viavi Solutions from $11.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, August 16th. BidaskClub raised Viavi Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research raised Viavi Solutions from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Tuesday, June 27th. Finally, TheStreet downgraded Viavi Solutions from a “b” rating to a “c+” rating in a report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $12.34.
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In other Viavi Solutions news, EVP Paul Mcnab sold 8,915 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $10.04, for a total transaction of $89,506.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Kevin Christopher Siebert sold 4,591 shares of the stock in a transaction that occurred 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 directly owns 6,600 shares of the company’s stock, valued at $66,726. The disclosure for this sale can be found here. Insiders have sold a total of 24,797 shares of company stock valued at $249,912 over the last ninety days. 0.35% of the stock is owned by insiders.
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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