Somewhat Favorable News Coverage Somewhat Unlikely to Affect Viavi Solutions (VIAV) Stock Price

Press coverage about Viavi Solutions (NASDAQ:VIAV) has trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Viavi Solutions earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned news articles about the communications equipment provider an impact score of 42.7566723175539 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:

VIAV has been the subject of several recent research reports. Zacks Investment Research lowered shares of Viavi Solutions from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. Rosenblatt Securities set a $13.00 price objective on shares of Viavi Solutions and gave the stock a “buy” rating in a research report on Wednesday, December 13th. Needham & Company LLC reaffirmed a “hold” rating on shares of Viavi Solutions in a report on Thursday, October 12th. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of Viavi Solutions in a report on Tuesday, October 24th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $12.50.

Shares of Viavi Solutions (NASDAQ VIAV) opened at $9.05 on Thursday. The firm has a market cap of $2,060.00, a price-to-earnings ratio of 25.86, a P/E/G ratio of 1.48 and a beta of 1.90. Viavi Solutions has a fifty-two week low of $8.34 and a fifty-two week high of $11.89. The company has a current ratio of 2.20, a quick ratio of 2.10 and a debt-to-equity ratio of 0.47.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings results on Wednesday, November 1st. The communications equipment provider reported $0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.06. The business had revenue of $195.20 million during the quarter, compared to analyst estimates of $183.89 million. Viavi Solutions had a net margin of 10.57% and a return on equity of 8.99%. The business’s revenue was down 7.4% on a year-over-year basis. During the same period last year, the business earned $0.09 EPS. equities analysts anticipate that Viavi Solutions will post 0.31 earnings per share for the current year.

In other Viavi Solutions news, Director Richard Belluzzo sold 10,000 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $9.00, for a total transaction of $90,000.00. Following the transaction, the director now directly owns 198,910 shares in the company, valued at approximately $1,790,190. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Luke M. Scrivanich sold 3,920 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $8.97, for a total transaction of $35,162.40. Following the transaction, the senior vice president now owns 27,629 shares in the company, valued at $247,832.13. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,710 shares of company stock valued at $303,444. Company insiders own 0.59% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Viavi Solutions (NASDAQ:VIAV)

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