The closing price of Viavi Solutions Inc (NASDAQ: VIAV) was $10.72 for the day, down -2.46% from the previous closing price of $10.99. In other words, the price has decreased by -$0.27 from its previous closing price. On the day, 3709707 shares were traded.
Ratios:
Our analysis of VIAV’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.17 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 29.35. For the most recent quarter (mrq), Quick Ratio is recorded 2.72 and its Current Ratio is at 3.09. In the meantime, Its Debt-to-Equity ratio is 1.07 whereas as Long-Term Debt/Eq ratio is at 0.93.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Stifel on February 12, 2024, Upgraded its rating to Buy and sets its target price to $13 from $10 previously.
On December 02, 2022, Stifel started tracking the stock assigning a Hold rating and target price of $12.
B. Riley Securities Downgraded its Buy to Neutral on November 04, 2022, whereas the target price for the stock was revised from $21 to $14.50.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Feb 01 ’24 when RONDINONE RALPH sold 1,122 shares for $9.85 per share. The transaction valued at 11,052 led to the insider holds 32,722 shares of the business.
McNab Paul sold 8,374 shares of VIAV for $73,859 on Dec 12 ’23. The EVP, Chief Mktg & Stgy Officer now owns 72,944 shares after completing the transaction at $8.82 per share. On Sep 28 ’23, another insider, SCRIVANICH LUKE M, who serves as the SVP General Manager OSP of the company, sold 15,396 shares for $9.08 each. As a result, the insider received 139,796 and left with 45,664 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, VIAV now has a Market Capitalization of 2.39B and an Enterprise Value of 2.60B. As of this moment, Viavi’s Price-to-Earnings (P/E) ratio for their current fiscal year is 478.57, and their Forward P/E ratio for the next fiscal year is 19.24. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 31.90. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.35 while its Price-to-Book (P/B) ratio in mrq is 3.28. Its current Enterprise Value per Revenue stands at 2.56 whereas that against EBITDA is 20.51.
Stock Price History:
Over the past 52 weeks, VIAV has reached a high of $11.65, while it has fallen to a 52-week low of $7.26. The 50-Day Moving Average of the stock is 9.79, while the 200-Day Moving Average is calculated to be 9.60.
Shares Statistics:
VIAV traded an average of 2.24M shares per day over the past three months and 2.11M shares per day over the past ten days. A total of 222.00M shares are outstanding, with a floating share count of 219.35M. Insiders hold about 1.44% of the company’s shares, while institutions hold 96.22% stake in the company. Shares short for VIAV as of Feb 15, 2024 were 5.65M with a Short Ratio of 2.52, compared to 6.45M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.54% and a Short% of Float of 3.60%.
Earnings Estimates
The firm’s stock currently is rated by 7 analysts. On average, analysts expect EPS of $0.07 for the current quarter, with a high estimate of $0.08 and a low estimate of $0.07, while EPS last year was $0.08. The consensus estimate for the next quarter is $0.11, with high estimates of $0.13 and low estimates of $0.09.
Analysts are recommending an EPS of between $0.4 and $0.36 for the fiscal current year, implying an average EPS of $0.38. EPS for the following year is $0.56, with 8 analysts recommending between $0.6 and $0.51.
Revenue Estimates
A total of 7 analysts have provided revenue estimates for VIAV’s current fiscal year. The highest revenue estimate was $1.02B, while the lowest revenue estimate was $1B, resulting in an average revenue estimate of $1.02B. In the same quarter a year ago, actual revenue was $1.11B, down -8.20% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $1.08B in the next fiscal year. The high estimate is $1.1B and the low estimate is $1.06B. The average revenue growth estimate for next year is up 6.80% from the average revenue estimate for this year.
