On Tuesday, Viavi Solutions Inc (NASDAQ: VIAV) opened lower -6.27% from the last session, before settling in for the closing price of $8.61. Price fluctuations for VIAV have ranged from $6.60 to $11.32 over the past 52 weeks.
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During the last 5-year period, the sales drop of Technology Sector giant was -2.19%. Company’s average yearly earnings per share was noted 12.50% at the time writing. With a float of $218.92 million, this company’s outstanding shares have now reached $222.00 million.
Let’s determine the extent of company efficiency that accounts for 3600 employees. In terms of profitability, gross margin is 57.29%, operating margin of 3.47%, and the pretax margin is 1.16%.
Viavi Solutions Inc (VIAV) Breakdown of a Key Holders of the stock
A key investor’s attitude towards the stock of the Communication Equipment industry is another important factor to consider. The insider ownership of Viavi Solutions Inc is 1.35%, while institutional ownership is 95.03%. The most recent insider transaction that took place on Aug 30 ’24, was worth 50,012. Before that another transaction happened on Aug 30 ’24, when Company’s EVP, Chief Mktg & Stgy Officer sold 5,870 for $8.52, making the entire transaction worth $50,012. This insider now owns 45,143 shares in total.
Viavi Solutions Inc (VIAV) Recent Fiscal highlights
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0.09 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at 0.1) by -0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.08 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 12.50% per share during the next fiscal year.
Viavi Solutions Inc (NASDAQ: VIAV) Trading Performance Indicators
Check out the current performance indicators for Viavi Solutions Inc (VIAV). In the past quarter, the stock posted a quick ratio of 3.16. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.79. Likewise, its price to free cash flow for the trailing twelve months is 18.48.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.12, a number that is poised to hit 0.06 in the next quarter and is forecasted to reach 0.55 in one year’s time.
Technical Analysis of Viavi Solutions Inc (VIAV)
Looking closely at Viavi Solutions Inc (NASDAQ: VIAV), its last 5-days average volume was 1.47 million, which is a drop from its year-to-date volume of 1.84 million. As of the previous 9 days, the stock’s Stochastic %D was 57.67%. Additionally, its Average True Range was 0.30.
During the past 100 days, Viavi Solutions Inc’s (VIAV) raw stochastic average was set at 68.37%, which indicates a significant increase from 39.29% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 41.74% in the past 14 days, which was higher than the 35.76% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.65, while its 200-day Moving Average is $8.55. However, in the short run, Viavi Solutions Inc’s stock first resistance to watch stands at $8.42. Second resistance stands at $8.77. The third major resistance level sits at $8.95. If the price goes on to break the first support level at $7.89, it is likely to go to the next support level at $7.71. Now, if the price goes above the second support level, the third support stands at $7.36.
Viavi Solutions Inc (NASDAQ: VIAV) Key Stats
There are currently 223,238K shares outstanding in the company with a market cap of 1.79 billion. Presently, the company’s annual sales total 1,000 M according to its annual income of -25,800 K. Last quarter, the company’s sales amounted to 252,000 K and its income totaled -21,700 K.
