Viavi Solutions Inc [VIAV] stock is trading at $10.66, down -0.56%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The VIAV shares have gain 9.56% over the last week, with a monthly amount glided 20.05%, and seem to be holding up well over a long-time horizon.
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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 [VIAV] stock has fluctuated between $7.26 and $11.65 over the past year. 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 $10.66 at the most recent close of the market. An investor can expect a potential return of 43.81% based on the average VIAV price forecast.
Analyzing the VIAV fundamentals
Viavi Solutions Inc [NASDAQ:VIAV] reported sales of 1.01B for the trailing twelve months, which represents a drop of -10.54%. 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 10.54 points at the first support level, and at 10.42 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.81, and for the 2nd resistance point, it is at 10.97.
Ratios To Look Out For
For context, Viavi Solutions Inc’s Current Ratio is 3.09. Further, the Quick Ratio stands at 2.72, while the Cash Ratio is 1.74. Considering the valuation of this stock, the price to sales ratio is 2.34, the price to book ratio is 3.27 and price to earnings (TTM) ratio is 475.89.
Transactions by insiders
Recent insider trading involved RONDINONE RALPH, SVP Global Operations NSE, that happened on Feb 01 ’24 when 1122.0 shares were sold. EVP, Chief Mktg & Stgy Officer, McNab Paul completed a deal on Dec 12 ’23 to sell 8374.0 shares. Meanwhile, SVP General Manager OSP SCRIVANICH LUKE M sold 15396.0 shares on Sep 28 ’23.
