Many research firms have provided their ratings on Viavi Solutions Inc.
Several other institutional investors also recently made changes to their positions in VIAV.
In the last Quarter, Viavi Solutions Inc. Employees Retirement System of Texas now owns 932,000 shares of the company's stock worth $7,624,000 after buying an additional 216,000 shares during the period. Viavi Solutions had a net margin of 10.29% and a return on equity of 8.22%. Pacad Investment Ltd. now owns 61,136 shares of the company's stock worth $500,000 after buying an additional 4,600 shares during the period. Stevens Capital Management LP acquired a new stake in Viavi Solutions during the third quarter valued at $110,000.
Currently, the company has SMA200 (200-day simple moving average) of 29.12 Percent.
Viavi Solutions Inc (NASDAQ:VIAV) share price plunged -4.41% or -0.46 points to reach at $9.98 during previous trading session. The stock was trading on above-average volume.
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Considering the performance, Viavi Solutions Inc. The stock's market capitalization is 2.31B.
Viavi Solutions Inc. (NASDAQ:VIAV), maintained return on investment for the last twelve months at 6.13, higher than what Reuters data shows regarding industry's average. VIAV has P/E (Price to Earnings ttm) value of 26.08, Forward P/E of 24.08, P/C (Price to cash per share) of 2.31 and Price to Free Cash Flow (P/FCF) value of 34.23. For the quarter, revenue came in at 206.5M versus consensus estimate of 197.73M. Therefore, stock prices are sometime established based on the expectations that prospective investors have for the future earnings power of the firm. The business's revenue for the quarter was down 8.2% on a year-over-year basis. Analysts predict that Viavi Solutions Inc will post $0.35 earnings per share for the current year. Needham & Company LLC reissued a "hold" rating on shares of Viavi Solutions in a research report on Monday, November 7th. TheStreet raised shares of Viavi Solutions from a "hold" rating to a "buy" rating in a research report on Wednesday, November 16th. (NASDAQ:VIAV) where 1 analyst have rated the stock as Strong Buy, 3 analysts said it's a Buy, 6 rated the stock as Hold, 0 analysts reported Underperform and 0 analysts gave their recommendations as Sell. The stock is presently trading up its SMA-50 of $43.85. The Monthly and Yearly performances are 13.57 percent and 51.66 percent respectively. Commerzbank Aktiengesellschaft FI now owns 12,818 shares of the company's stock valued at $105,000 after buying an additional 1,791 shares during the period. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The Stock opened its session at $10.48 and closed at $9.98 by showing decrease of -4.41 percent. The shares were sold at an average price of $10.67, for a total value of $112,632.52. 95,663 shares of the company's stock were exchanged. The disclosure for this sale can be found here. The company's a year ago sales total was 220.4 Million.
The stock now has its Annual Dividend of $0 and an annual Dividend Yield of 0 Percent.
Covering sell-side analysts have recently weighed in on shares of Viavi Solutions Inc. The Company also offers thin film optical coatings, providing light management solutions to anti-counterfeiting, consumer and industrial, government and healthcare and other markets.
"Viavi Solutions Inc (VIAV) Sees Significant Increase in Short Interest" was originally published by BBNS and is owned by of BBNS.