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Sunday, April 2, 2023

Viavi Solutions Inc. (NASDAQ: VIAV) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Viavi Solutions Inc. (VIAV) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.21, or -2.05%, to $10.05. The Viavi Solutions Inc. has recorded 499,087 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted VIAVI AVX-10K Flight Line Test Set Approved For Use On Boeing Commercial Aircraft.

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Stocks Info

Viavi Solutions Inc. is listed on the NASDAQ as a member of the Technology sector and is a part of the Communication Equipment industry. At the end of the last regular session, the stock closed at $10.26 and fluctuated between $10.52 as its day high and $10.08 as its day low. The current market capitalization of Viavi Solutions Inc. is $2.34B. A total of 2.13 million shares were traded on the day, compared to an average of 1.83M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, VIAV has seen 0 BUY and 3 SELL insider trades, representing the acquisition of 0 and the disposition of 28,521 shares. Over the last 12 months, there were 51 BUYs and 75 SELLs from insiders. Insiders purchased 947,725 shares during that period but sold 676,510.

In the most recent transaction, Staley Gary W sold 13,636 shares of VIAV for 11.02 per share on Feb 22. After the transaction, the SVP Global Sales NSE now owns 80,027 company shares. In a previous transaction on Feb 16, Staley Gary W sold 13,453 shares at 11.16 per share. VIAV shares that SVP Global Sales NSE owns now total 93,663.

Among the insiders who sold shares, Staley Gary W disposed of 13,216 shares on Feb 08 at a per-share price of $11.31. This resulted in the SVP Global Sales NSE holding 107,116 shares of VIAV after the transaction. In another insider transaction, RONDINONE RALPH sold 1,669 shares at $11.25 per share on Feb 01. Company shares held by the SVP Global Operations NSE now total 32,722.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for VIAV in the last 3 months, the mean price target is $13.97 with high estimates of $16.00 and low estimates of $12.00. In terms of 52-week highs and lows, VIAV has a high of $16.69 and a low of $9.99.

As of this writing, VIAV has an earnings estimate of $0.11 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.14 per share and a lower estimate of $0.11.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 9 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for VIAV is Overweight with a score of 3.86. A total of 4 analysts rated the stock as Buy while 0 rated it as Overweight while 5 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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