Viavi Solutions Inc (VIAV) was Upgraded by JP Morgan to ” Overweight”. Earlier the firm had a rating of “Neutral ” on the company shares. JP Morgan advised their investors in a research report released on Oct 11, 2016.
On the company’s financial health, Viavi Solutions Inc reported $0.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 11, 2016. Analyst had a consensus of $0.09. The company had revenue of $224.00 million for the quarter, compared to analysts expectations of $220.39 million. The company’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS.
In a different news, on Oct 7, 2016, Paul Mcnab (EVP, Chief Mktg & Stgy Officer) sold 35,535 shares at $7.41 per share price. According to the SEC, on Sep 30, 2016, Kevin Christopher Siebert (VP General Counsel & Secretary) sold 8,696 shares at $7.31 per share price. On Sep 30, 2016, Dion Joannou (SVP Global Sales NSE) sold 18,888 shares at $7.31 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.