Viavi Solutions Inc (VIAV) was Reiterated by MKM Partners to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 8.50 from a previous price target of $8 . MKM Partners advised their investors in a research report released on Jun 6, 2016.
On the company’s financial health, Viavi Solutions Inc reported $0.09 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.08. The company had revenue of $220.40 million for the quarter, compared to analysts expectations of $218.38 million. The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS.
In a different news, on May 24, 2016, Paul Mcnab (EVP, Chief Mktg & Stgy Officer) sold 62,131 shares at $6.69 per share price. According to the SEC, on May 24, 2016, Susan Louise Spradley (SVP General Manager NSE) sold 6,403 shares at $6.35 per share price. On May 24, 2016, Kevin Christopher Siebert (VP General Counsel & Secretary) sold 1,224 shares at $6.35 per share price, according to the Form-4 filing with the securities and exchange commission.
Viavi Solutions Inc formerly JDS Uniphase Corporation is a provider of network and service enablement solutions and optical products for telecommunications service providers wireless operators cable operators network-equipment manufacturers (NEMs) and enterprises. The Company operates in three business segments: Network and Service Enablement (NSE) Communications and Commercial Optical Products (CCOP) and Optical Security and Performance Products (OSP). The NSE business provides network and service enablement solutions which enable the design development deployment and maintenance of communication equipment and networks. The CCOP business segment provides optical communications products used by NEMs for telecommunications and enterprise data center communications. The OSP segment provides optical security and performance products targeted to customers in the anti-counterfeiting consumer electronics government healthcare and other markets.