Viavi Solutions Inc. (VIAV) EPS Estimated At $0.07 as of May, 3

Cornelia Mascio
Aprile 21, 2018

Last quarter $0.09 earnings per share was reported. The stock has an average rating of "Buy" and an average target price of $11.81. Finally, Norges Bank bought a new position in shares of Viavi Solutions during the fourth quarter valued at approximately $17,437,000. The shares were sold at an average price of $10.25, for a total transaction of $46,125.00. They now have a $9.50 price target on the communications equipment provider's stock, up from their prior price target of $8.50. (NASDAQ:VIAV)'s earnings report, Zacks reports. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. BlackRock Fund Advisors raised its position in shares of Viavi Solutions by 8.6% in the third quarter. Wall Street now predicts -22.22 % negative EPS growth despite Viavi Solutions Inc. last quarter's EPS of $0.09. Following the completion of the transaction, the vice president now directly owns 4,475 shares of the company's stock, valued at $48,195.75. Analysts expect change of 16.67 % or $0.01 from previous year's $0.06 EPS compared to current's $0.07 EPS. Also, Director Keith Barnes sold 13,500 shares of Viavi Solutions stock in a transaction that occurred on Monday, February 12th. Viavi Solutions had a net margin of 3.94% and a return on equity of 9.60%. Insiders sold a total of 64,329 shares of company stock valued at $661,304 over the last ninety days. Suntrust Banks Inc. raised its position in shares of Viavi Solutions by 49.2% in the third quarter.

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Viavi Solutions Inc. provides network test, monitoring, and assurance solutions to communications service providers, and enterprises and their ecosystems worldwide.The firm is valued at $2.28 billion. The firm operates through Network Enablement, Service Enablement, and Optical Security and Performance Products divisions.The P/E ratio is 79.29.

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