Needham lifts Viavi Solutions Inc. [VIAV] price estimate. Who else is bullish?

Viavi Solutions Inc. [NASDAQ: VIAV] traded at a high on 08/25/22, posting a 1.14 gain after which it closed the day’ session at $15.12. The company report on August 24, 2022 that VIAVI Selected as Test Equipment Supplier for Kyrio O-RAN Test & Integration Lab.

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VIAVI is the only test & measurement company working with all seven OTICs globally.

Viavi Solutions Inc. (VIAVI) (NASDAQ: VIAV) today announced that Kyrio®, a subsidiary of CableLabs®, has chosen VIAVI to be part of its O-RAN Test and Integration Lab in Colorado, USA. VIAVI is now the only test & measurement company to be present in all seven O-RAN ALLIANCE approved Open Testing and Integration Centres (OTICs) globally. In addition, VIAVI and Rohde & Schwarz support several OTICs with their joint solution for O-RAN radio unit (O-RU) conformance testing, and recently enabled Auray OTIC in Taiwan in awarding O-RAN conformance certification for international markets.

The results of the trading session contributed to over 2184388 shares changing hands. Over the past one week, the price volatility of Viavi Solutions Inc. stands at 1.47% while the volatility over the past one month is 2.10%.

The market cap for VIAV stock reached $3.48 billion, with 229.20 million shares outstanding and 225.51 million shares in the current float. Compared to the average trading volume of 1.45M shares, VIAV reached a trading volume of 2184388 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about 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 $18.42 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 2.30. 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 Hold, with their previous recommendation back on July 19, 2022. The new note on the price target was released on July 20, 2021, representing the official price target for Viavi Solutions Inc. stock. Previously, the target price had yet another raise from $18 to $19, while Needham kept a Buy rating on VIAV stock.

The Average True Range (ATR) for Viavi Solutions Inc. is set at 0.35, with the Price to Sales ratio for VIAV stock in the period of the last 12 months amounting to 2.69. The Price to Book ratio for the last quarter was 4.88, with the Price to Cash per share for the same quarter was set at 2.57. Price to Free Cash Flow for VIAV in the course of the last twelve months was 29.31 with Quick ratio for the last quarter at 3.60.

How has VIAV stock performed recently?

Viavi Solutions Inc. [VIAV] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.12. With this latest performance, VIAV shares gained by 4.93% in over the last four-week period, additionally sinking by -7.52% over the last 6 months – not to mention a drop of -8.36% 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 52.81, with the RSI for the last a single of trading hit 49.00, and the three-weeks RSI is set at 54.13 for Viavi Solutions Inc. [VIAV]. The present Moving Average for the last 50 days of trading for this stock 14.26, while it was recorded at 15.20 for the last single week of trading, and 15.39 for the last 200 days.

Viavi Solutions Inc. [VIAV]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Viavi Solutions Inc. [VIAV] shares currently have an operating margin of +14.31 and a Gross Margin at +59.10. Viavi Solutions Inc.’s Net Margin is presently recorded at +1.20.

Return on Equity for this stock inclined to 2.14, with Return on Assets sitting at 0.82.

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.

Earnings analysis for Viavi Solutions Inc. [VIAV]

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%.

Insider trade positions for Viavi Solutions Inc. [VIAV]

There are presently around $3,354 million, or 99.10% of VIAV stock, in the hands of institutional investors. The top three institutional holders of VIAV stocks are: BLACKROCK INC. with ownership of 35,703,935, which is approximately -1.304% of the company’s market cap and around 0.40% of the total institutional ownership; VANGUARD GROUP INC, holding 25,748,640 shares of the stock with an approximate value of $389.32 million in VIAV stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $305.77 million in VIAV stock with ownership of nearly -5.593% 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 120 institutional holders increased their position in Viavi Solutions Inc. [NASDAQ:VIAV] by around 15,286,631 shares. Additionally, 156 investors decreased positions by around 7,405,215 shares, while 74 investors held positions by with 199,105,336 shares. The mentioned changes placed institutional holdings at 221,797,182 shares, according to the latest SEC report filing. VIAV stock had 33 new institutional investments in for a total of 1,539,091 shares, while 32 institutional investors sold positions of 1,104,211 shares during the same period.


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