A share price of Viavi Solutions Inc [VIAV] is currently trading at $10.95, up 12.54%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The VIAV shares have gain 13.71% over the last week, with a monthly amount glided 15.38%, and seem to be holding up well over a long-time horizon.
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On 5, March 2024, VIAVI Solutions Agrees to Acquire Spirent Communications to Create a Leading Provider of Test, Assurance and Security Solutions for Research and Development Labs, Service Providers, Data Centers and Mission-Critical Infrastructure. In a post published today on Yahoo Finance, Highly complementary and synergistic product portfolios to enable delivery of high-performance, integrated solutions for networking and mission-critical applications, including 5G and 6G wireless infrastructure.
From an analyst’s perspective:
Viavi Solutions Inc [NASDAQ: VIAV] stock has seen the most recent analyst activity on February 12, 2024, when Stifel upgraded its rating to a Buy and also boosted its price target to $13 from $10. Previously, Stifel started tracking the stock with Hold rating on December 02, 2022, and set its price target to $12. On November 04, 2022, downgrade downgraded it’s rating to Neutral and revised its price target to $14.50 on the stock. Rosenblatt started tracking the stock assigning a Buy rating and suggested a price target of $18 on October 06, 2022. Needham downgraded its rating to a Hold. JP Morgan downgraded its rating to Neutral for this stock on July 20, 2021, but kept the price target unchanged to $19. In a note dated February 03, 2021, Needham reiterated an Buy rating on this stock and boosted its target price from $18 to $19.
Viavi Solutions Inc experienced fluctuations in its stock price throughout the past year between $7.26 and $11.65. Currently, Wall Street analysts expect the stock to reach $15.33 within the next 12 months. Viavi Solutions Inc [NASDAQ: VIAV] shares were valued at $10.95 at the most recent close of the market. An investor can expect a potential return of 40.0% based on the average VIAV price forecast.
Analyzing the VIAV fundamentals
Trailing Twelve Months sales for Viavi Solutions Inc [NASDAQ:VIAV] were 1.01B which represents -10.54% decline. Gross Profit Margin for this corporation currently stands at 0.57% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.0%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.01 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.07.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 10.36 points at the first support level, and at 9.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.26, and for the 2nd resistance point, it is at 11.57.
Viavi Solutions Inc [VIAV] reported earnings per share of $0.11 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.09/share, meaning a difference of $0.02 and a surprise factor of 22.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.09 per share as compared to estimates of $0.1 per share, a difference of -$0.01 representing a surprise of -10.00%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Viavi Solutions Inc [NASDAQ:VIAV] is 3.09. As well, the Quick Ratio is 2.72, while the Cash Ratio is 1.74. Considering the valuation of this stock, the price to sales ratio is 2.40, the price to book ratio is 3.35 and price to earnings (TTM) ratio is 488.84.
Transactions by insiders
Recent insider trading involved RONDINONE RALPH, SVP Global Operations NSE, that happened on Feb 01 when 1122.0 shares were sold. EVP, Chief Mktg & Stgy Officer, McNab Paul completed a deal on Dec 12 to sell 8374.0 shares. Meanwhile, SVP General Manager OSP SCRIVANICH LUKE M sold 15396.0 shares on Sep 28.
