Viavi Solutions (NASDAQ:VIAV) issued an update on its second quarter 2018 earnings guidance on Thursday morning. The company provided EPS guidance of $0.15-0.17 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.16. The company issued revenue guidance of $270-290 million, compared to the consensus revenue estimate of $281.94 million.Viavi Solutions also updated its Q2 guidance to $0.15-0.17 EPS.
Shares of VIAV stock traded down $0.97 during trading on Friday, hitting $10.85. The company had a trading volume of 4,689,420 shares, compared to its average volume of 2,525,873. The company has a current ratio of 2.05, a quick ratio of 1.89 and a debt-to-equity ratio of 0.77. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of 26.45 and a beta of 0.87. Viavi Solutions has a 52 week low of $8.34 and a 52 week high of $12.82.
Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings data on Thursday, November 1st. The communications equipment provider reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.01. Viavi Solutions had a negative net margin of 5.92% and a positive return on equity of 12.57%. The company had revenue of $268.50 million for the quarter, compared to analysts’ expectations of $268.73 million. During the same period in the prior year, the business earned $0.11 earnings per share. Viavi Solutions’s revenue for the quarter was up 40.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Viavi Solutions will post 0.48 EPS for the current fiscal year.
In other news, EVP Paul Mcnab sold 57,668 shares of the stock in a transaction that occurred on Thursday, October 4th. The stock was sold at an average price of $12.56, for a total transaction of $724,310.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Ralph Rondinone sold 4,949 shares of the stock in a transaction that occurred on Thursday, August 30th. The shares were sold at an average price of $11.43, for a total value of $56,567.07. Following the sale, the senior vice president now directly owns 24,695 shares of the company’s stock, valued at approximately $282,263.85. The disclosure for this sale can be found here. Insiders have sold 117,495 shares of company stock worth $1,417,459 over the last quarter. Company insiders own 0.50% of the company’s stock.
Viavi Solutions Company Profile
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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