B.Riley FBR analyst Dave Kang maintained a Buy rating on Viavi Solutions (NASDAQ:VIAV) on Wednesday, setting a price target of $17.5, which is approximately 23.07% above the present share price of $14.22.
Kang expects Viavi Solutions to post earnings per share (EPS) of -$0.14 for the third quarter of 2020.
The current consensus among 5 TipRanks analysts is for a Strong Buy rating of shares in Viavi Solutions, with an average price target of $16.8.
The analysts price targets range from a high of $18 to a low of $15.5.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $256.2 million and a net profit of $7.5 million. The company's market cap is $3.29 billion.
According to TipRanks.com, B.Riley FBR analyst Dave Kang is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 23.0% and a 70.44% success rate.
Viavi Solutions, Inc. engages in the provision of network test, monitoring, and assurance solutions. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance. The Network Enablement segment offers integrated portfolio of testing solutions that access the network to perform build-out and maintenance tasks. The Service Enablement segment covers solutions and services primarily for communication service providers, and enterprises that deliver and/or operate broadband and IP networks (fixed and mobile) supporting voice, video, and data services as well as a wide range of applications. The Optical Security and Performance segment leverages its core optical coating technologies and volume manufacturing capability to design, manufacture, and sell products targeting anti-counterfeiting, consumer and industrial, government, healthcare, and other markets. The company was founded in 1979 and is headquartered in San Jose, CA.