Viavi Solutions Inc. (NASDAQ:VIAV) provider of communication equipments, is reporting first quarter earnings results on Thursday 5th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.17 per share.
For the full year, analysts predict revenues of $ 1136.07 million, while looking forward to income of $ 0.70 per share.
The Company Outlook
Earnings for 1Q21 are anticipated in a range of $ 0.18 ~ $ 0.19 per share, while revenues are expected in a range of $ 282.00 million ~ $ 284.00 million
Click Here For More Historical Outlooks Of Viavi Solutions Inc.
Previous Quarter Performance
Viavi Solutions Inc. posted income for the fourth quarter of $ 0.18 per share, from the revenue of $ 266.60 million. The quarterly earnings elevated 5.88 percent while revenues decreased 7.97 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.13 per share from $ 259.44 million in revenue. The bottom line results beat street analysts by $ 0.05 or 38.46 percent, at the same time, top line results outshined analysts by $ 7.16 million or 2.76 percent.
Stock Performance
Shares of Viavi Solutions Inc. traded up $ 0.05 or 0.40 percent on Wednesday, reaching $ 12.58 with volume of 975.10 thousand shares. Viavi Solutions Inc. has traded high as $ 12.71 and has cracked $ 12.39 on the downward trend
The closing price of $ 12.58, representing a 55.07 % increase from the 52 week low of $ 8.08 and a 22.27 % decrease over the 52 week high of $ 16.12.
The company has a market capital of $ 2.89 billion and is part of the Technology sector and Communication Equipment industry.
Conference Call
Viavi Solutions Inc. will be hosting a conference call at 4:30 PM eastern time on 5th November 2020, to discuss its 1Q21 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.
