Viavi Solutions Inc (NASDAQ: VIAV) on Monday, soared 4.33% from the previous trading day, before settling in for the closing price of $9.94. Within the past 52 weeks, VIAV’s price has moved between $6.60 and $11.32.
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During the last 5-year period, the sales drop of Technology Sector giant was -2.03%. The company achieved an average annual earnings per share of 15.36%. With a float of $218.44 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 57.01%, operating margin of 3.05%, and the pretax margin is 0.04%.
Viavi Solutions Inc (VIAV) Insider Activity
Observing investor behavior towards Communication Equipment industry stocks is more important than anything else. 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
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.11 earnings per share (EPS) for the period topping the consensus outlook (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
Viavi Solutions Inc (VIAV) is currently performing well based on its current performance indicators. A quick ratio of 3.31 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.32. Likewise, its price to free cash flow for the trailing twelve months is 38.66.
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)
Looking closely at Viavi Solutions Inc (NASDAQ: VIAV), its last 5-days average volume was 1.36 million, which is a drop from its year-to-date volume of 1.78 million. As of the previous 9 days, the stock’s Stochastic %D was 59.09%. Additionally, its Average True Range was 0.29.
During the past 100 days, Viavi Solutions Inc’s (VIAV) raw stochastic average was set at 90.51%, which indicates a significant increase from 72.12% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.09% in the past 14 days, which was lower than the 35.56% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.51, while its 200-day Moving Average is $8.54. However, in the short run, Viavi Solutions Inc’s stock first resistance to watch stands at $10.54. Second resistance stands at $10.72. The third major resistance level sits at $11.00. If the price goes on to break the first support level at $10.08, it is likely to go to the next support level at $9.80. Should the price break the second support level, the third support level stands at $9.62.
Viavi Solutions Inc (NASDAQ: VIAV) Key Stats
Market capitalization of the company is 2.30 billion based on 221,813K outstanding shares. Right now, sales total 1,000 M and income totals -25,800 K. The company made 238,200 K in profit during its latest quarter, and -1,800 K in sales during its previous quarter.
