Viavi Solutions Inc. [NASDAQ: VIAV] stock went on a downward path that fall over -0.87% on Thursday, amounting to a one-week price decrease of less than -3.74%. The company report on June 28, 2021 that 5G Service Now Reaches 1,662 Cities Worldwide, New VIAVI Report Reveals.
VIAVI to participate in 5G demonstrations at MWC Barcelona and O-RAN ALLIANCE.
Viavi Solutions Inc. (VIAVI) (NASDAQ: VIAV) released new research demonstrating the accelerating pace at which 5G is growing, with coverage extending to an additional four countries and 301 cities worldwide since the beginning of this year. The new total — 1,662 cities across 65 countries — represents an increase of more than 20 percent during 2021 to date, according to the latest edition of the VIAVI report “The State of 5G” now in its fifth year.
Over the last 12 months, VIAV stock rose by 32.76%. The one-year Viavi Solutions Inc. stock forecast points to a potential upside of 13.09. The average equity rating for VIAV stock is currently 1.90, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $3.90 billion, with 228.70 million shares outstanding and 226.61 million shares in the current float. Compared to the average trading volume of 1.61M shares, VIAV stock reached a trading volume of 1927196 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Viavi Solutions Inc. [VIAV]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for VIAV shares is $19.56 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on VIAV stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Needham have made an estimate for Viavi Solutions Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on February 03, 2021. While these analysts kept the previous recommendation, MKM Partners raised their target price to Buy. The new note on the price target was released on January 26, 2021, representing the official price target for Viavi Solutions Inc. stock. Previously, the target price had yet another raise to $16, while JP Morgan analysts kept a Overweight rating on VIAV stock.
The Average True Range (ATR) for Viavi Solutions Inc. is set at 0.31, with the Price to Sales ratio for VIAV stock in the period of the last 12 months amounting to 3.38. The Price to Book ratio for the last quarter was 4.79, with the Price to Cash per share for the same quarter was set at 2.94. Price to Free Cash Flow for VIAV in the course of the last twelve months was 22.55 with Quick ratio for the last quarter at 3.60.
VIAV Stock Performance Analysis:
Viavi Solutions Inc. [VIAV] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.74. With this latest performance, VIAV shares dropped by -2.47% in over the last four-week period, additionally plugging by 11.18% over the last 6 months – not to mention a rise of 32.76% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for VIAV stock in for the last two-week period is set at 41.73, with the RSI for the last a single of trading hit 33.82, and the three-weeks RSI is set at 46.22 for Viavi Solutions Inc. [VIAV]. The present Moving Average for the last 50 days of trading for this stock 17.06, while it was recorded at 17.29 for the last single week of trading, and 15.33 for the last 200 days.
Insight into Viavi Solutions Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Viavi Solutions Inc. [VIAV] shares currently have an operating margin of +7.93 and a Gross Margin at +55.46. Viavi Solutions Inc.’s Net Margin is presently recorded at +2.53.
Return on Total Capital for VIAV is now 6.67, given the latest momentum, and Return on Invested Capital for the company is 2.14. Return on Equity for this stock inclined to 3.99, with Return on Assets sitting at 1.60. When it comes to the capital structure of this company, Viavi Solutions Inc. [VIAV] has a Total Debt to Total Equity ratio set at 92.75. Additionally, VIAV Total Debt to Total Capital is recorded at 48.12, with Total Debt to Total Assets ending up at 37.14. Long-Term Debt to Equity for the company is recorded at 90.69, with the Long-Term Debt to Total Capital now at 47.05.
Reflecting on the efficiency of the workforce at the company, Viavi Solutions Inc. [VIAV] managed to generate an average of $7,972 per employee. Receivables Turnover for the company is 4.38 with a Total Asset Turnover recorded at a value of 0.63.Viavi Solutions Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.60 and a Current Ratio set at 4.00.
VIAV Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for VIAV. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Viavi Solutions Inc. go to 15.00%.
Viavi Solutions Inc. [VIAV] Insider Position Details
There are presently around $3,670 million, or 99.30% of VIAV stock, in the hands of institutional investors. The top three institutional holders of VIAV stocks are: BLACKROCK INC. with ownership of 35,936,475, which is approximately 3.234% of the company’s market cap and around 0.50% of the total institutional ownership; VANGUARD GROUP INC, holding 24,726,519 shares of the stock with an approximate value of $420.35 million in VIAV stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $209.48 million in VIAV stock with ownership of nearly 52.54% of the company’s market capitalization.
Positions in Viavi Solutions Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 160 institutional holders increased their position in Viavi Solutions Inc. [NASDAQ:VIAV] by around 17,496,281 shares. Additionally, 129 investors decreased positions by around 15,171,208 shares, while 72 investors held positions by with 183,236,114 shares. The mentioned changes placed institutional holdings at 215,903,603 shares, according to the latest SEC report filing. VIAV stock had 53 new institutional investments in for a total of 2,319,985 shares, while 44 institutional investors sold positions of 5,355,020 shares during the same period.