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Viavi Solutions Inc. (VIAV) – Don’t Believe the Hype: Check The Facts

394 institutions hold shares in Viavi Solutions Inc. (VIAV), with 2.19M shares held by insiders accounting for 0.96% while institutional investors hold 99.47% of the company’s shares. The shares outstanding are 228.80M, and float is at 226.53M with Short Float at 4.43%. Institutions hold 98.52% of the Float.

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The top institutional shareholder in the company is Blackrock Inc. with over 34.81 million shares valued at $521.29 million. The investor’s holdings represent 15.22% of the VIAV Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 24.0 million shares valued at $359.42 million to account for 10.49% of the shares outstanding. The other top investors are Goldman Sachs Group, Inc. which holds 8.63 million shares representing 3.77% and valued at over $129.29 million, while Wellington Management Group, LLP holds 3.53% of the shares totaling 8.08 million with a market value of $120.97 million.

Viavi Solutions Inc. (NASDAQ: VIAV) is 3.71% higher on its value in year-to-date trading and has touched a low of $10.19 and a high of $17.13 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The VIAV stock was last observed hovering at around $16.27 in the last trading session, with the day’s loss setting it -0.74% off its average median price target of $20.00 for the next 12 months. It is also 29.41% off the consensus price target high of $22.00 offered by 10 analysts, but current levels are 2.94% higher than the price target low of $16.00 for the same period.

Currently trading at $15.53, the stock is -3.99% and -4.71% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.08 million and changing -4.55% at the moment leaves the stock 11.00% off its SMA200. VIAV registered 40.42% gain for a year compared to 6-month gain of 34.34%. The firm has a 50-day simple moving average (SMA 50) of $16.39 and a 200-day simple moving average (SMA200) of $14.37.

The stock witnessed a -4.05% loss in the last 1 month and extending the period to 3 months gives it a 5.65%, and is -5.30% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.65% over the week and 2.72% over the month.

Viavi Solutions Inc. (VIAV) has around 3600 employees, a market worth around $3.44B and $1.11B in sales. Current P/E ratio is 118.55 and Fwd P/E is 18.36. Profit margin for the company is 2.70%. Distance from 52-week low is 52.33% and -9.34% from its 52-week high. The company has generated returns on investments over the last 12 months (4.00%).

Viavi Solutions Inc. (VIAV) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Viavi Solutions Inc. (VIAV) is a “Buy”. 10 analysts offering their recommendations for the stock have an average rating of 1.90, where 1 rate it as a Hold and 0 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Viavi Solutions Inc. is expected to release its quarterly report on 05/06/2021 and quarterly earnings per share for the current quarter are estimated at $0.17 with sales reaching $290.52M over the same period.The EPS is expected to grow by 264.00% this year, but quarterly earnings will post 3.30% year-over-year. Quarterly sales are estimated to grow 13.40% in year-over-year returns.

Viavi Solutions Inc. (VIAV) Insider Activity

A total of 68 insider transactions have happened at Viavi Solutions Inc. (VIAV) in the last six months, with sales accounting for 37 and purchases happening 31 times. The most recent transaction is an insider sale by SCRIVANICH LUKE M, the company’s SVP General Manager OSP. SEC filings show that SCRIVANICH LUKE M sold 6,421 shares of the company’s common stock on Mar 08 at a price of $15.50 per share for a total of $99526.0. Following the sale, the insider now owns 48298.0 shares.

Viavi Solutions Inc. disclosed in a document filed with the SEC on Mar 02 that Staley Gary W (SVP Global Sales NSE) sold a total of 1,722 shares of the company’s common stock. The trade occurred on Mar 02 and was made at $16.49 per share for $28396.0. Following the transaction, the insider now directly holds 71315.0 shares of the VIAV stock.

Still, SEC filings show that on Mar 02, SCRIVANICH LUKE M (SVP General Manager OSP) disposed off 2,213 shares at an average price of $16.49 for $36492.0. The insider now directly holds 54,719 shares of Viavi Solutions Inc. (VIAV).

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Viavi Solutions Inc. (VIAV): Who are the competitors?

The company’s main competitors (and peers) include RADCOM Ltd. (RDCM) that is trading 59.10% up over the past 12 months. EXFO Inc. (EXFO) is 66.02% up on the 1-year trading charts. Short interest in the company’s stock has fallen -17.33% from the last report on Feb 11, 2021 to stand at a total of 11.78 million short shares sold with a short interest ratio of 4.71.

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