On Monday, Viavi Solutions Inc (NASDAQ: VIAV) opened higher 1.20% from the last session, before settling in for the closing price of $9.14. Price fluctuations for VIAV have ranged from $6.60 to $11.32 over the past 52 weeks.
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Technology Sector giant saw their annual sales slid by -2.03% over the last five years. Company’s average yearly earnings per share was noted 12.62% at the time writing. With a float of $218.53 million, this company’s outstanding shares have now reached $222.00 million.
The firm has a total of 3600 workers. Let’s measure their productivity. 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) Insider Activity
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 1.43%, while institutional ownership is 94.96%. The most recent insider transaction that took place on Oct 14 ’24, was worth 137,550. In this transaction Director of this company sold 15,000 shares at a rate of $9.17, taking the stock ownership to the 213,514 shares. Before that another transaction happened on Oct 14 ’24, when Company’s Director proposed sale 15,000 for $9.17, making the entire transaction worth $137,540.
Viavi Solutions Inc (VIAV) Earnings and Forecasts
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 12.62% 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 2.05. Likewise, its price to free cash flow for the trailing twelve months is 21.16.
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)
Analysing the last 5-days average volume posted by the [Viavi Solutions Inc, VIAV], we can find that recorded value of 1.16 million was lower than the volume posted last year of 1.76 million. As of the previous 9 days, the stock’s Stochastic %D was 33.36%. Additionally, its Average True Range was 0.21.
During the past 100 days, Viavi Solutions Inc’s (VIAV) raw stochastic average was set at 93.47%, which indicates a significant increase from 59.78% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.47% in the past 14 days, which was lower than the 34.33% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.70, while its 200-day Moving Average is $8.50. Now, the first resistance to watch is $9.33. This is followed by the second major resistance level at $9.40. The third major resistance level sits at $9.47. If the price goes on to break the first support level at $9.18, it is likely to go to the next support level at $9.11. Should the price break the second support level, the third support level stands at $9.03.
Viavi Solutions Inc (NASDAQ: VIAV) Key Stats
There are currently 223,238K shares outstanding in the company with a market cap of 2.05 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.
