Viavi Solutions Inc (NASDAQ: VIAV) kicked off on Tuesday, up 0.10% from the previous trading day, before settling in for the closing price of $10.18. Over the past 52 weeks, VIAV has traded in a range of $6.60-$11.32.
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Over the past five-year period, the drop rate of yearbook sales for the company of the Technology sector was -2.03%. While this was happening, its average annual earnings per share was recorded 15.36%. With a float of $218.44 million, this company’s outstanding shares have now reached $222.00 million.
Considering the fact that the conglomerate employs 3600 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 57.01%, operating margin of 3.05%, and the pretax margin is 0.04%.
Viavi Solutions Inc (VIAV) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Communication Equipment Industry. The insider ownership of Viavi Solutions Inc is 1.52%, while institutional ownership is 94.25%. The most recent insider transaction that took place on Nov 14 ’24, was worth 152,100. In this transaction Director of this company sold 15,000 shares at a rate of $10.14, taking the stock ownership to the 225,333 shares. Before that another transaction happened on Nov 14 ’24, when Company’s Director proposed sale 15,000 for $10.14, making the entire transaction worth $152,168.
Viavi Solutions Inc (VIAV) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported 0.11 earnings per share (EPS), higher than consensus estimate (set at 0.09) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.09 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 15.36% per share during the next fiscal year.
Viavi Solutions Inc (NASDAQ: VIAV) Trading Performance Indicators
Take a look at Viavi Solutions Inc’s (VIAV) current performance indicators. Last quarter, stock had a quick ratio of 3.31. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.28. Likewise, its price to free cash flow for the trailing twelve months is 37.99.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.17, a number that is poised to hit 0.10 in the next quarter and is forecasted to reach 0.53 in one year’s time.
Technical Analysis of Viavi Solutions Inc (VIAV)
Compared to the last year’s volume of 1.79 million, its volume of 1.43 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 65.92%. Additionally, its Average True Range was 0.28.
During the past 100 days, Viavi Solutions Inc’s (VIAV) raw stochastic average was set at 86.16%, which indicates a significant increase from 51.82% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 23.51% in the past 14 days, which was lower than the 35.07% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.41, while its 200-day Moving Average is $8.53. Nevertheless, the first resistance level for the watch stands at $10.27 in the near term. At $10.34, the stock is likely to face the second major resistance level. The third major resistance level sits at $10.43. If the price goes on to break the first support level at $10.11, it is likely to go to the next support level at $10.02. Should the price break the second support level, the third support level stands at $9.95.
Viavi Solutions Inc (NASDAQ: VIAV) Key Stats
The company with the Market Capitalisation of 2.26 billion has total of 221,813K Shares Outstanding. Its annual sales at the moment are 1,000 M in contrast with the sum of -25,800 K annual income. Company’s last quarter sales were recorded 238,200 K and last quarter income was -1,800 K.
