Needham analyst Alex Henderson maintained a Buy rating on Viavi Solutions (NASDAQ:VIAV) on Wednesday, setting a price target of $19, which is approximately 8.82% above the present share price of $17.46.
Henderson expects Viavi Solutions to post earnings per share (EPS) of $0.05 for the second quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Strong Buy rating of shares in Viavi Solutions, with an average price target of $20.67.
The analysts price targets range from a high of $23 to a low of $19.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $303.4 million and a net profit of $35.5 million. The company's market cap is $3.99 billion.
According to TipRanks.com, Needham analyst Alex Henderson is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 28.8% and a 71.36% 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.