Nucor earnings beat by $0.08, revenue fell short of estimates
Jabbar Masood, a director at Viavi Solutions Inc. (NASDAQ:VIAV), recently sold 30,000 shares of the company’s common stock. The shares were sold at a weighted average price of $10.01 per share, amounting to a total transaction value of $300,300. The sale was conducted as part of a pre-established Rule 10b5-1 trading plan dated May 15, 2024. Following this transaction, Masood retains ownership of 180,333 shares in the company. The sales were executed in multiple trades at prices ranging from $9.90 to $10.10. InvestingPro analysis reveals the company operates with moderate debt levels and maintains strong liquidity, with current assets exceeding short-term obligations by 3.7x. While currently not profitable, analysts expect positive earnings this year. Get deeper insights with InvestingPro's comprehensive research report, available along with 8 additional ProTips for VIAV.
In other recent news, Viavi Solutions has been the subject of various analyst ratings. Morgan Stanley (NYSE:MS) downgraded Viavi Solutions from Equalweight to Underweight, citing concerns about the company's earnings potential, particularly in its Optical Security and Performance (OSP) business. On the other hand, Stifel maintained a Buy rating on the stock and increased its price target to $12.00, while UBS and Rosenblatt gave the company a neutral rating.
Viavi Solutions has seen significant business developments. The company has entered into a definitive agreement to acquire Inertial Labs, a deal valued at $325 million, which is expected to contribute approximately $50 million to Viavi's Network and Service Enablement revenue in 2025. Viavi Solutions also reported a net revenue of $252 million for the fourth quarter of 2024 and announced a restructuring plan aiming for annualized cost savings of approximately $25 million by the end of fiscal 2025.
In addition, Viavi Solutions has entered an agreement with Telefónica Hispanoamérica to supply automated network inventory management tools and launched a new Ethernet testing module, the ONE-1600, to support the emerging 1.6Tb/s ecosystem. These recent developments have been shaping Viavi Solutions' outlook and operations.
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