Viavi Solutions Inc (NASDAQ: VIAV) Could Achieve Gains In The Near Future

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. Yahoo Finance discussed the stock recently as it posted VIAVI Xgig® Exerciser Approved for CXL 1.1 Gold Suite Compliance Testing.

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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 $9.58 and fluctuated between $9.74 as its day high and $9.32 as its day low. The current market capitalization of Viavi Solutions Inc is $2.13B. A total of 1.46 million shares were traded on the day, compared to an average of 2.10M 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 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 53 BUYs and 56 SELLs from insiders. Insiders purchased 2,203,332 shares during that period but sold 1,662,641.

In the most recent transaction, RONDINONE RALPH sold 1,122 shares of VIAV for 9.85 per share on Feb 01. After the transaction, the SVP Global Operations NSE now owns 32,722 company shares. In a previous transaction on Dec 12, McNab Paul sold 8,374 shares at 8.82 per share. VIAV shares that EVP, Chief Mktg & Stgy Officer owns now total 72,944.

Among the insiders who sold shares, SCRIVANICH LUKE M disposed of 15,396 shares on Sep 28 at a per-share price of $9.08. This resulted in the SVP General Manager OSP holding 45,664 shares of VIAV after the transaction. In another insider transaction, RONDINONE RALPH sold 13,570 shares at $9.08 per share on Sep 28. 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 $11.41 with high estimates of $13.00 and low estimates of $9.00. In terms of 52-week highs and lows, VIAV has a high of $11.65 and a low of $7.26.

As of this writing, VIAV has an earnings estimate of $0.07 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.08 per share and a lower estimate of $0.07. The company reported an EPS of $0.09 in the last quarter, which was -10.00% lower than expectations of $0.1.

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 $744.50M in debt and $369.30M in liabilities at the time. Its Book Value Per Share was $3.26, 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, 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 4.14.

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