Analysts expect that Viavi Solutions Inc (NASDAQ:VIAV) will announce sales of $282.35 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Viavi Solutions’ earnings. The lowest sales estimate is $280.50 million and the highest is $287.79 million. Viavi Solutions reported sales of $201.80 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 39.9%. The firm is expected to report its next quarterly earnings results on Thursday, February 7th.

According to Zacks, analysts expect that Viavi Solutions will report full year sales of $1.08 billion for the current year, with estimates ranging from $1.07 billion to $1.09 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.14 billion, with estimates ranging from $1.10 billion to $1.20 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Viavi Solutions.

Viavi Solutions (NASDAQ:VIAV) last posted its earnings results on Thursday, November 1st. The communications equipment provider reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. Viavi Solutions had a positive return on equity of 12.72% and a negative net margin of 5.92%. The company had revenue of $268.50 million for the quarter, compared to the consensus estimate of $268.73 million. During the same quarter in the prior year, the company earned $0.11 earnings per share. Viavi Solutions’s revenue was up 40.6% on a year-over-year basis.

A number of research analysts have weighed in on the company. BidaskClub raised Viavi Solutions from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 4th. Zacks Investment Research raised Viavi Solutions from a “hold” rating to a “strong-buy” rating and set a $14.00 target price on the stock in a report on Wednesday, October 17th. ValuEngine raised Viavi Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. Stifel Nicolaus assumed coverage on Viavi Solutions in a report on Monday, October 22nd. They issued a “buy” rating and a $14.00 target price on the stock. Finally, Deutsche Bank raised Viavi Solutions from a “hold” rating to a “buy” rating in a report on Monday, October 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. Viavi Solutions has an average rating of “Buy” and an average price target of $11.99.

In other news, SVP Gary W. Staley sold 5,185 shares of the firm’s stock in a transaction dated Thursday, September 27th. The stock was sold at an average price of $11.22, for a total value of $58,175.70. Following the transaction, the senior vice president now owns 7,670 shares of the company’s stock, valued at $86,057.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Paul Mcnab sold 14,046 shares of the firm’s stock in a transaction dated Friday, September 28th. The stock was sold at an average price of $11.25, for a total value of $158,017.50. Following the completion of the transaction, the executive vice president now directly owns 110,456 shares in the company, valued at approximately $1,242,630. The disclosure for this sale can be found here. Insiders sold 124,253 shares of company stock worth $1,472,556 in the last ninety days. Corporate insiders own 0.50% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. raised its stake in shares of Viavi Solutions by 6.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,513,323 shares of the communications equipment provider’s stock worth $15,497,000 after buying an additional 91,505 shares during the period. Dorsal Capital Management LLC raised its stake in shares of Viavi Solutions by 31.9% in the second quarter. Dorsal Capital Management LLC now owns 4,750,000 shares of the communications equipment provider’s stock worth $48,640,000 after buying an additional 1,150,000 shares during the period. United Services Automobile Association raised its stake in shares of Viavi Solutions by 56.5% in the second quarter. United Services Automobile Association now owns 295,293 shares of the communications equipment provider’s stock worth $3,024,000 after buying an additional 106,600 shares during the period. Northern Trust Corp raised its stake in shares of Viavi Solutions by 1.3% in the second quarter. Northern Trust Corp now owns 2,907,009 shares of the communications equipment provider’s stock worth $29,768,000 after buying an additional 36,714 shares during the period. Finally, Granite Point Capital Management L.P. raised its stake in shares of Viavi Solutions by 24.5% in the third quarter. Granite Point Capital Management L.P. now owns 88,400 shares of the communications equipment provider’s stock worth $1,002,000 after buying an additional 17,400 shares during the period. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

VIAV stock traded down $0.36 during trading on Wednesday, reaching $10.30. The stock had a trading volume of 3,517,411 shares, compared to its average volume of 2,194,197. Viavi Solutions has a 52 week low of $8.49 and a 52 week high of $12.82. The company has a debt-to-equity ratio of 0.79, a quick ratio of 2.18 and a current ratio of 2.39. The company has a market cap of $2.43 billion, a price-to-earnings ratio of 30.29 and a beta of 0.88.

About Viavi Solutions

Viavi Solutions Inc provides network test, monitoring, and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil government, military, and avionics customers worldwide. The company operates through Network Enablement, Service Enablement, and Optical Security and Performance Products segments.

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

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