Viavi Solutions Inc. (NASDAQ:VIAV) is reporting fourth quarter financial results on Tuesday 11th August 2020, after market close.
According to analysts surveyed by Thomson Reuters, VIAV is expected to report 4Q20 income of $ 0.13 per share from revenue of $ 259.44 million.
For the full year, analysts anticipate top line of $ 1129.11 million, while looking forward to income of $ 0.68 per share bottom line.
Previous Quarter Performance
Viavi Solutions Inc. unfold income for the third quarter of $ 0.14 per share, from the revenue of $ 256.20 million. The quarterly earnings boosted 7.69 percent compared with the same quarter last year. Street analysts expected Viavi Solutions Inc. to report income of $ 0.13 per share on revenue of $ 275.81 million for the third quarter. The bottom line results beat street analysts by $ 0.01 or 7.69 percent, at the same time, top line results fell short of analysts by $ 19.61 million or 7.11 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of VIAV was $ 14.22, representing a 75.99 % increase from the 52 week low of $ 8.08 and a 13.03 % decrease over the 52 week high of $ 16.35.
The company has a market capital of $ 3.24 billion and is part of the Technology sector and Communication Equipment industry.
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Recent Analyst recommendations
- On 19th June 2020, maintained by Needham & Company LLC at Buy rating, with $ 16.00 target price.
Conference Call
Viavi Solutions Inc. will be hosting a conference call at 4:30 PM eastern time on 11th August 2020, to discuss its 4Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.viavisolutions.com
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.
