After Hours
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Yahoo Finance discussed the stock recently as it posted VIAVI Announces Date for Fiscal Second Quarter 2024 Financial Results.
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Stocks Info
As a NASDAQ listed company, VIAV falls under the Technology sector while operating within the Communication Equipment industry segment. At the end of the last regular session, the stock closed at $10.14 and fluctuated between $10.17 as its day high and $9.52 as its day low. The current market capitalization of Viavi Solutions Inc is $2.26B. A total of 1.75 million shares were traded on the day, compared to an average of 1.90M shares.
Insider Activity
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, VIAV has seen 9 BUY and 1 SELL insider trades, representing the acquisition of 708,356 and the disposition of 585,012 shares. Over the last 12 months, there were 53 BUYs and 59 SELLs from insiders. Insiders purchased 2,203,332 shares during that period but sold 1,690,979.
In the most recent transaction, McNab Paul sold 8,374 shares of VIAV for 8.82 per share on Dec 12. After the transaction, the EVP, Chief Mktg & Stgy Officer now owns 72,944 company shares. In a previous transaction on Sep 28, SCRIVANICH LUKE M sold 15,396 shares at 9.08 per share. VIAV shares that SVP General Manager OSP owns now total 45,664.
Among the insiders who sold shares, RONDINONE RALPH disposed of 13,570 shares on Sep 28 at a per-share price of $9.08. This resulted in the SVP Global Operations NSE holding 32,722 shares of VIAV after the transaction. In another insider transaction, Siebert Kevin Christopher sold 13,179 shares at $9.08 per share on Sep 28. Company shares held by the SVP Gen. Counsel & Secretary now total 61,064.
In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for VIAV in the last 3 months, the mean price target is $10.63 with high estimates of $12.00 and low estimates of $8.50. In terms of 52-week highs and lows, VIAV has a high of $12.19 and a low of $7.26.
As of this writing, VIAV has an earnings estimate of $Vanguard S&P Small-Cap 600 Valu per share for the current quarter. EPS was calculated based on a consensus of Viavi Solutions Inc. estimates, with a high estimate of $Via Renewables, Inc. per share and a lower estimate of $Telefonica Brasil S.A.
Balance Sheet Annually/Quarterly
The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. VIAV’s latest balance sheet shows that the firm has $561.30M in Cash & Short Term Investments as of fiscal 2022. There were $744.50M 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
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. Currently, 0 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 Buy with a score of 3.86.
