Viavi Solutions Q2 Earnings Announcement Scheduled
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: seekingalpha
- Earnings Release Date: Viavi Solutions is set to announce its Q2 earnings on January 28 after market close, with a consensus EPS estimate of $0.19, reflecting a significant 46.2% year-over-year increase, indicating strong profitability improvements.
- Revenue Expectations: The anticipated revenue of $365.25 million for Q2, representing a 34.9% year-over-year growth, will further solidify the company's competitive position in the market, showcasing a robust business recovery.
- Performance Beat Record: Over the past two years, Viavi has exceeded EPS and revenue estimates 75% of the time, enhancing investor confidence in the company's future performance, which could positively impact its stock price.
- Estimate Revision Trend: In the last three months, both EPS and revenue estimates have seen seven upward revisions, indicating analysts' optimistic outlook on the company's growth prospects, which may attract more investor interest.
Analyst Views on VIAV
Wall Street analysts forecast VIAV stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for VIAV is 19.56 USD with a low forecast of 17.00 USD and a high forecast of 23.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
8 Buy
1 Hold
0 Sell
Strong Buy
Current: 19.920
Low
17.00
Averages
19.56
High
23.00
Current: 19.920
Low
17.00
Averages
19.56
High
23.00
About VIAV
Viavi Solutions Inc. is a global provider of network test, monitoring and assurance solutions for telecommunications, cloud, enterprises, first responders, military, aerospace and railway. The Company's segments include Network and Service Enablement (NSE) and Optical Security and Performance Products (OSP). The NSE segment provides an integrated portfolio of testing solutions that access the network to perform build-out and maintenance tasks. Its solutions address lab and production environments, network management, service assurance and artificial intelligence for IT operations (AIOps) for any kind of network, including wireless, wireline, cloud, satellite, public safety, military and critical infrastructure. The OSP segment leverages its core optical coating technologies and volume manufacturing capability to design, manufacture and sell technologies for the anti-counterfeiting, three-dimensional (3D) sensing, government and aerospace, automotive and industrial markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
