Viavi Solutions Inc. reports results for the quarter ended September 30 - Earnings Summary

• Viavi Solutions Inc. reported quarterly adjusted earnings of 47 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 15 cents. The mean expectation of seven analysts for the quarter was for earnings of 41 cents per share. Wall Street expected results to range from 40 cents to 41 cents per share.

• Revenue rose 56.9% to $469.30 million from a year ago; analysts expected $455.06 million.

• Viavi Solutions Inc.'s reported EPS for the quarter was 29 cents​.

• The company reported quarterly net income of $76 million.

• Viavi Solutions Inc. shares had fallen by 28.3% this quarter and gained 68.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the communications & networking peer group is also "buy"

• Wall Street's median 12-month price target for Viavi Solutions Inc. is $65.00, about 54.8% above its last closing price of $29.38

This summary was machine generated from LSEG data November 5 at 01:23 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)