Currently, there are 222.00M common shares owned by the public and among those 218.38M shares have been available to trade.
The company’s stock has a 5-day price change of -1.81% and 18.19% over the past three months. VIAV shares are trading 2.58% year to date (YTD), with the 12-month market performance up to 5.30% higher. It has a 12-month low price of $6.60 and touched a high of $11.49 over the same period. VIAV has an average intraday trading volume of 1.70 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.96%, 3.23%, and 20.40% respectively.
Institutional ownership of Viavi Solutions Inc (NASDAQ: VIAV) shares accounts for 94.29% of the company’s 222.00M shares outstanding.
It has a market capitalization of $2.29B and a beta (3y monthly) value of 0.92. The earnings-per-share (ttm) stands at -$0.17. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.96% over the week and 3.27% over the month.
Analysts forecast that Viavi Solutions Inc (VIAV) will achieve an EPS of 0.1 for the current quarter, 0.09 for the next quarter and 0.53 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.1 while analysts give the company a high EPS estimate of 0.1. Comparatively, EPS for the current quarter was 0.11 a year ago. Earnings per share for the fiscal year are expected to increase by 15.19%, and 38.30% over the next financial year.
Looking at the support for the VIAV, a number of firms have released research notes about the stock. Morgan Stanley stated their Underweight rating for the stock in a research note on December 17, 2024, with the firm’s price target at $8-$9.50. UBS coverage for the Viavi Solutions Inc (VIAV) stock in a research note released on November 19, 2024 offered a Neutral rating with a price target of $10.60. Rosenblatt was of a view on June 26, 2024 that the stock is Neutral, while Susquehanna gave the stock Neutral rating on May 03, 2024, issuing a price target of $9. Stifel on their part issued Buy rating on February 12, 2024.
