Viavi Solutions (VIAV) Stock Price, News & Analysis

Company Overview

Viavi Solutions Inc. provides network test, monitoring, and assurance solutions for communications service providers, hyperscalers, network equipment manufacturers, original equipment manufacturers, government, and avionics customers in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa. The company operates through three segments: Network Enablement (NE), Service Enablement (SE), and Optical Security and Performance Products (OSP). The NE segment offers testing solutions that access the network to perform build-out and maintenance tasks. Its solutions include instruments, software, and services to design, build, activate, certify, troubleshoot, and optimize networks; and test and measurement instrumentation for communication and safety. It also offers support and professional services, such as repair, calibration, software support, and technical assistance for the products; and system integration projects, including project management, installation, and implementation, as well as product and technology training, and consulting services. The SE segment provides embedded systems and enterprise performance management solutions for communication service providers, enterprises, and cloud operators with visibility into network, service, and application data. Its solutions include instruments, microprobes, and software, which monitor, collect, and analyze network data to reveal the actual customer experience and to identify opportunities for new revenue streams and network optimization. The OSP segment offers optical products for anti-counterfeiting, consumer and industrial, government, automotive, and industrial markets. The company was formerly known as JDS Uniphase Corporation. Viavi Solutions Inc. was founded in 1923 and is headquartered in Chandler, Arizona.

Key Stats

• Today's Range: $9.62 to $9.85
• 50-Day Range: $8.28 to $10.63
• 52-Week Range: $6.60 to $11.32
• Volume: 1.06 million shs
• Average Volume: 2.01 million shs
• Market Capitalization: $2.18 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $10.44
• Consensus Rating: Hold

Viavi Solutions Stock Analysis - MarketRank™

Viavi Solutions scored higher than 68% of companies evaluated by MarketBeat, and ranked 272nd out of 648 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.2 / 5
• Analyst Rating: Hold

Consensus Rating

Viavi Solutions has received a consensus rating of Hold. The company's average rating score is 2.44, and is based on 2 buy ratings, 6 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Viavi Solutions has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 73.68%

Earnings Growth

Earnings for Viavi Solutions are expected to grow by 73.68% in the coming year, from $0.19 to $0.33 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Viavi Solutions is -57.76, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Viavi Solutions is -57.76, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Viavi Solutions has a P/B Ratio of 3.20. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.95% of the float of Viavi Solutions has been sold short.

Short Interest Ratio / Days to Cover

Viavi Solutions has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Viavi Solutions has recently increased by 7.30%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Viavi Solutions does not currently pay a dividend.

Dividend Growth

Viavi Solutions does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 3.5 / 5
• Environmental Score: -1.44

Percentage of Shares Shorted

1.95% of the float of Viavi Solutions has been sold short.

Short Interest Ratio / Days to Cover

Viavi Solutions has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Viavi Solutions has recently increased by 7.30%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.52

News Sentiment

Viavi Solutions has a news sentiment score of 0.52. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 11 news articles for Viavi Solutions this week, compared to 5 articles on an average week.

Search Interest

Only 1 people have searched for VIAV on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Viavi Solutions insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $817,585.00 in company stock.

Percentage Held by Insiders

Only 1.52% of the stock of Viavi Solutions is held by insiders.

Percentage Held by Institutions

95.54% of the stock of Viavi Solutions is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

VIAV Stock Analysis - Frequently Asked Questions

How have VIAV shares performed this year?

Viavi Solutions' stock was trading at $10.07 at the beginning of the year. Since then, VIAV shares have decreased by 2.5% and is now trading at $9.82.
View the best growth stocks for 2024 here.

How were Viavi Solutions' earnings last quarter?

Viavi Solutions Inc. (NASDAQ:VIAV) released its quarterly earnings data on Thursday, October, 31st. The communications equipment provider reported $0.06 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.00. The company's revenue was down 3.9% compared to the same quarter last year.

Who are Viavi Solutions' major shareholders?

Viavi Solutions' top institutional shareholders include State Street Corp (3.95%), Geode Capital Management LLC (2.39%), Charles Schwab Investment Management Inc. (1.44%) and Leeward Investments LLC MA (0.76%). Insiders that own company stock include Oleg Khaykin, Masood Jabbar, Gary W Staley, Luke M Scrivanich, Kevin Christopher Siebert, Paul Mcnab, Ralph Rondinone and Richard Belluzzo.
View institutional ownership trends.

How do I buy shares of Viavi Solutions?

Shares of VIAV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Viavi Solutions own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Viavi Solutions investors own include Tesla (TSLA), IDEXX Laboratories (IDXX), Broadcom (AVGO), Applied Materials (AMAT), NVIDIA (NVDA), HubSpot (HUBS) and ASML (ASML).

Company Calendar

• Last Earnings: 10/31/2024
• Today: 11/20/2024
• Next Earnings (Estimated): 2/06/2025
• Fiscal Year End: 6/30/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Semiconductors & related devices
• Sub-Industry: Electronic Equipment
• Current Symbol: NASDAQ:VIAV
• Previous Symbol: NASDAQ:VIAVV
• CUSIP: N/A
• CIK: 912093
• Web: www.viavisolutions.com
• Phone: (408) 404-3600
• Fax: 408-404-4500
• Employees: 3,600
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $10.44
• High Stock Price Target: $13.00
• Low Stock Price Target: $8.50
• Potential Upside/Downside: +6.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.44
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.17)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 51.68
• P/E Growth: N/A
• Net Income: $-25,800,000.00
• Net Margins: -3.78%
• Pretax Margin: 0.04%
• Return on Equity: 2.22%
• Return on Assets: 0.88%

Debt

• Debt-to-Equity Ratio: 0.91
• Current Ratio: 3.71
• Quick Ratio: 3.31

Sales & Book Value

• Annual Sales: $1.00 billion
• Price / Sales: 2.18
• Cash Flow: $0.40 per share
• Price / Cash Flow: 24.26
• Book Value: $3.07 per share
• Price / Book: 3.20

Miscellaneous

• Outstanding Shares: 221,810,000
• Free Float: 218,441,000
• Market Cap: $2.18 billion
• Optionable: Optionable
• Beta: 0.90