Viavi Solutions Inc (NASDAQ: VIAV) is -1.99% 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 $10.06 in the last trading session, with the day’s loss setting it -0.19%.
Currently trading at $9.87, the stock is 1.21% and 7.56% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.33 million and changing -1.89% at the moment leaves the stock 16.12% off its SMA200. VIAV registered 19.64% gain for a year compared to 6-month gain of 27.52%. The firm has a 50-day simple moving average (SMA 50) of $9.1762 and a 200-day simple moving average (SMA200) of $8.50005.
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The stock witnessed a 5.79% loss in the last 1 month and extending the period to 3 months gives it a 24.15%, and is -6.27% 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 2.88% over the week and 2.89% over the month.
Viavi Solutions Inc (VIAV) has around 3600 employees, a market worth around $2.15B and $990.70M in sales. Fwd P/E is 18.80. Profit margin for the company is -3.78%. Distance from 52-week low is 49.55% and -12.81% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.71%).
with sales reaching $259.97M over the same period.The EPS is expected to grow by 15.91% this year, but quarterly earnings will post 2.69% year-over-year. Quarterly sales are estimated to grow 2.15% in year-over-year returns.
Viavi Solutions Inc (VIAV) Top Institutional Holders
414.0 institutions hold shares in Viavi Solutions Inc (VIAV), with institutional investors hold 96.36% of the company’s shares. The shares outstanding are 222.00M, and float is at 218.43M with Short Float at 1.95%. Institutions hold 94.94% 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
The most recent transaction is an insider sale by JABBAR MASOOD, the company’s Director. SEC filings show that JABBAR MASOOD sold 15,000 shares of the company’s common stock on Nov 14 ’24 at a price of $10.14 per share for a total of $0.15 million. Following the sale, the insider now owns 0.23 million shares.
Still, SEC filings show that on Oct 14 ’24, JABBAR MASOOD (Director) disposed off 15,000 shares at an average price of $9.17 for $0.14 million. The insider now directly holds 213,514 shares of Viavi Solutions Inc (VIAV).
