Viavi Solutions Inc (NASDAQ: VIAV) is -17.38% lower on its value in year-to-date trading and has touched a low of $6.60 and a high of $11.32 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The VIAV stock was last observed hovering at around $8.15 in the last trading session, with the day’s gains setting it 0.17%.
Currently trading at $8.32, the stock is 1.78% and 7.19% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.48 million and changing 2.09% at the moment leaves the stock -2.72% off its SMA200. VIAV registered -15.79% loss for a year compared to 6-month loss of -22.53%.
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The stock witnessed a 10.34% gain in the last 1 month and extending the period to 3 months gives it a 10.49%, and is 1.96% up 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 3.14% over the week and 3.09% over the month.
Viavi Solutions Inc (VIAV) has around 3600 employees, a market worth around $1.85B and $1.00B in sales. Fwd P/E is 15.07. Profit margin for the company is -2.58%. Distance from 52-week low is 26.06% and -26.50% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.90%).
Viavi Solutions Inc quarterly earnings per share for the current quarter are estimated at 0.06 with sales reaching $240.1M over the same period.The EPS is expected to grow by 12.50% this year, but quarterly earnings will post 1.40% year-over-year. Quarterly sales are estimated to shrink -3.80% in year-over-year returns.
416.0 institutions hold shares in Viavi Solutions Inc (VIAV), with institutional investors hold 96.65% of the company’s shares. The shares outstanding are 222.00M, and float is at 218.72M with Short Float at 2.03%. Institutions hold 95.28% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 34.62 million shares valued at $237.83 million. The investor’s holdings represent 15.5238 of the VIAV Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 29.97 million shares valued at $205.88 million to account for 13.4383 of the shares outstanding. The other top investors are WELLINGTON MANAGEMENT GROUP LLP which holds 13.9 million shares representing 6.2316 and valued at over $95.47 million, while CAPITAL WORLD INVESTORS holds 5.4536 of the shares totaling 12.16 million with a market value of $83.55 million.
Viavi Solutions Inc (VIAV) Insider Activity
Viavi Solutions Inc disclosed in a document filed with the SEC on Aug 30 ’24 that McNab Paul (EVP, Chief Mktg & Stgy Officer) sold a total of 5,870 shares of the company’s common stock. The trade occurred on Aug 30 ’24 and was made at $8.52 per share for $50012.0. Following the transaction, the insider now directly holds 45143.0 shares of the VIAV stock.
Still, SEC filings show that on Aug 29 ’24, Siebert Kevin Christopher (SVP Gen. Counsel & Secretary) disposed off 8,432 shares at an average price of $8.63 for $72768.0. The insider now directly holds 56,617 shares of Viavi Solutions Inc (VIAV).
