Viavi Solutions Inc. (NASDAQ:VIAV) registered a -4.23% decrease, still its new closing price is 86.11% up from the company’s 1 year high of 9.40.It posted -1.89% losses in previous 5 sessions and is now the subject of 6 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 1 buy or better ratings. The 10 stock analysts following this company have an average price target at $8.71, with individual PT in the $6.75-$11.00 range. The shares moved at $8.84, implying that brokerage firms see shares gaining about 76.80% in twelve months time.
Viavi Solutions Inc. (VIAV) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 8.07% rise year to date. A SVP General Manager NSE at Viavi Solutions Inc. (VIAV) offloaded shares in a transaction closed on Thursday January 26, 2017. SPRADLEY SUSAN LOUISE sold 19,890 shares in the company at $8.98 each and collected $178,001 in proceeds. SPRADLEY SUSAN LOUISE now owns 10,644 shares in the company after this transaction. A SVP Global Sales NSE in the company, Joannou Dion, disclosed a transaction on Thursday January 26, 2017 that ended up generating $190,001 from the sale of 21,229 shares at $8.98 per share.
Viavi Solutions Inc. (NASDAQ:VIAV) Upcoming Results on Tap
Viavi Solutions Inc. will next provide financial results for the September 2017 quarter. Stock analysts expect it to report per-share earnings of $0.09 in that period. Sales during the quarter are predicted to arrive at $201.23 million.
Earnings surprise history: Last quarter, the company posted approximately $210.8 million in revenue and EPS of $0.09. The mean forecast was for $208.14 million and $0.07 a share, respectively. One quarter earlier, revenue for the stock was at $224.1 million, with earnings at $0.10/share.
Viavi Solutions Inc. (VIAV) Brokerage Update
Viavi Solutions Inc. (VIAV) is in JP Morgan’s research list so their analyst rating change is noteworthy. These shares were upgraded to Overweight from Neutral by JP Morgan, according to news reported on Tuesday October 11, 2016.Another important research note was issued by Craig Hallum on Wednesday August 12, 2015.The firm downgraded VIAV to Hold from Buy. Over the last six months and over the last three months, the shares of Viavi Solutions Inc. (VIAV), have changed 23.98% and 23.64%, respectively.