Viavi Solutions Inc. (NASDAQ:VIAV) previous close was $17.25 while the outstanding shares total 228.70M. The firm has a beta of 0.74, a 12-month trailing P/E ratio of 53.56, and a growth ratio of 3.57. VIAV’s shares traded higher over the last trading session, gaining 0.29% on 06/04/21. The shares fell to a low of $17.30 before closing at $17.30. Intraday shares traded counted 2.15 million, which was -12.75% lower than its 30-day average trading volume of 1.91M. The stock’s Relative Strength Index (RSI) is 59.68, with weekly volatility at 1.41% and ATR at 0.39. The VIAV stock’s 52-week price range has touched low of $11.36 and a $17.66 high.
Investors have identified the Communication Equipment company Viavi Solutions Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $3.94 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Viavi Solutions Inc. (VIAV) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For VIAV, the company has in raw cash 676.5 million on their books with 0.0 currently as liabilities. How the trend is over time is what investors should be concerned about. In terms of their assets, the company currently has 1.08 billion total, with 273.1 million as their total liabilities.
VIAV were able to record 154.0 million as free cash flow during the 08/17/2021 quarter of the year, this saw their quarterly net cash flow reduce by 134.6 million. In cash movements, the company had a total of 180.7 million as operating cash flow.
Potential earnings growth for Viavi Solutions Inc. (VIAV)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/17/2021 quarter of the year, Viavi Solutions Inc. recorded a total of 303.4 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 15.56% coming in sequential stages and their sales for the 08/17/2021 quarter increasing by 1.15%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 121.4 million trying to sell their products during the last quarter, with the result yielding a gross income of 182.0 million. This allows shareholders to hold on to 228.70M with the recently reported earning now reading 0.05 cents per share. This is a figure that compared to analyst’s prediction for their 08/17/2021 (0.14 cents a share).
Having a look at the company’s valuation, the company is expected to record 0.72 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on VIAV sounds very interesting.
Is the stock of VIAV attractive?
In related news, SVP Global Sales NSE, Staley Gary W sold 1,714 shares of the company’s stock in a transaction that recorded on Jun 02. The sale was performed at an average price of 17.39, for a total value of 29,806. As the sale deal closes, the SVP General Manager OSP, SCRIVANICH LUKE M now sold 2,532 shares of the company’s stock, valued at 44,031. Also, SVP Gen. Counsel & Secretary, Siebert Kevin Christopher sold 2,340 shares of the company’s stock in a deal that was recorded on Jun 02. The shares were price at an average price of 17.39 per share, with a total market value of 40,693. Following this completion of acquisition, the President & CEO, KHAYKIN OLEG now holds 20,000 shares of the company’s stock, valued at 350,000. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.50%.
9 out of 10 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on Viavi Solutions Inc.. 0 analysts has assigned a Sell rating on the VIAV stock. The 12-month mean consensus price target for the company’s shares has been set at $19.11.