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Monday, June 5, 2023

Insights Into Viavi Solutions Inc. (VIAV) Exposure By Institutions

After Hours

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. After-hours trades for Viavi Solutions Inc. (VIAV) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.22, or -2.45%, to $8.77. The Viavi Solutions Inc. has recorded 21,385 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that VIAVI Unveils PSD90-3 Fuel Quantity Test Set at AEA 2023.

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Stocks Info

Viavi Solutions Inc. is listed on the NASDAQ in the Technology sector while operating in the Communication Equipment industry. At the end of the last regular session, the stock closed at $8.99 and fluctuated between $9.02 as its day high and $8.90 as its day low. The current market capitalization of Viavi Solutions Inc. is $1.98B. A total of 2.27 million shares were traded on the day, compared to an average of 2.03M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, VIAV has seen 0 BUY and 3 SELL insider trades, representing the acquisition of 0 and the disposition of 40,305 shares. Over the last 12 months, there were 51 BUYs and 76 SELLs from insiders. Insiders purchased 947,725 shares during that period but sold 689,963.

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.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for VIAV in the last 3 months, the mean price target is $12.11 with high estimates of $14.00 and low estimates of $10.50. In terms of 52-week highs and lows, VIAV has a high of $16.00 and a low of $8.61.

As of this writing, VIAV has an earnings estimate of $0.1 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.17 per share and a lower estimate of $0.08.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. VIAV’s latest balance sheet shows that the firm has $561.30M in Cash & Short Term Investments as of fiscal 2022. There were $684.90M in debt and $369.30M in liabilities at the time. Its Book Value Per Share was $3.04, while its Total Shareholder’s Equity was $671.70M.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in 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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