NASDAQ:VIAVViavi Solutions Stock Price, Forecast & News

$11.59

+0.07 (+0.61 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$11.33

Now: $11.59▼

$11.66

50-Day Range

$10.68

MA: $11.67▼

$12.50

52-Week Range

$8.08

Now: $11.59▼

$16.35

Volume2.56 million shs

Average Volume2.54 million shs

Market Capitalization$2.64 billion

P/E Ratio193.20

Dividend YieldN/A

Beta0.93

Viavi Solutions Inc. provides network test, monitoring, and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil government, military, and avionics customers worldwide. The company operates through Network Enablement, Service Enablement, and Optical Security and Performance Products segments. The Network Enablement segment offers testing solutions that access the network to perform build-out and maintenance tasks. This segment provides solutions that include instruments, software, and services to design, build, activate, certify, troubleshoot, and optimize networks. It also offers support and professional services, such as repair, calibration, software support, and technical assistance for the products; and system integration projects, including project management, installation, and implementation, as well as product and technology training, and consulting services. The Service Enablement segment provides embedded systems and enterprise performance management solutions for communication service providers, enterprises, and cloud operators with visibility into network, service, and application data. Its solutions include instruments, microprobes, and software, which monitor, collect, and analyze network data to reveal the actual customer experience and to identify opportunities for new revenue streams and network optimization. The Optical Security and Performance Products segment offers optical products for anti-counterfeiting, government, industrial, automotive, and consumer electronic markets, including 3D sensing applications. The company was formerly known as JDS Uniphase Corporation and changed its name to Viavi Solutions Inc. in August 2015. Viavi Solutions Inc. was founded in 1979 and is headquartered in San Jose, California.

Beat the Market (BTM) Rank^™

4.4 Analyst's Opinion

Consensus Rating
Viavi Solutions has received a consensus rating of Buy. The company's average rating score is 2.88, and is based on 7 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $15.63, Viavi Solutions has a potential upside of 34.8% from its current price of $11.59.
Amount of Analyst Coverage
Viavi Solutions has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.7 Community Rank

Outperform Votes
Viavi Solutions has received 614 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Viavi Solutions has received 533 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Viavi Solutions has received 53.53% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Viavi Solutions and other stocks. Vote “Outperform” if you believe VIAV will outperform the S&P 500 over the long term. Vote “Underperform” if you believe VIAV will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Viavi Solutions does not currently pay a dividend.
Dividend Growth
Viavi Solutions does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Viavi Solutions insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.88% of the stock of Viavi Solutions is held by insiders.
Percentage Held by Institutions
95.24% of the stock of Viavi Solutions is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0 Earnings and Valuation

Earnings Growth
Earnings for Viavi Solutions are expected to decrease by -3.77% in the coming year, from $0.53 to $0.51 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Viavi Solutions is 193.20, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.35.
Price to Earnings Ratio vs. Sector
The P/E ratio of Viavi Solutions is 193.20, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 40.94.
Price to Book Value per Share Ratio
Viavi Solutions has a P/B Ratio of 3.90. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.63 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Semiconductors & related devices

Sub-IndustryN/A

SectorComputer and Technology

Current SymbolNASDAQ:VIAV

Previous SymbolNASDAQ:VIAVV

CUSIPN/A

CIK912093

Webwww.viavisolutions.com

Phone408-404-3600

Debt

Debt-to-Equity Ratio0.88

Current Ratio3.82

Quick Ratio3.46

Price-To-Earnings

Trailing P/E Ratio193.20

Forward P/E Ratio21.87

P/E GrowthN/A

Sales & Book Value

Annual Sales$1.13 billion

Price / Sales2.34

Cash Flow$1.08 per share

Price / Cash Flow10.73

Book Value$2.97 per share

Price / Book3.90

Profitability

EPS (Most Recent Fiscal Year)$0.52

Net Income$5.40 million

Net Margins1.25%

Return on Equity17.72%

Return on Assets7.02%

Miscellaneous

Employees3,600

Outstanding Shares227,973,000

Market Cap$2.64 billion

Next Earnings Date8/20/2020 (Estimated)

OptionableOptionable

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Viavi Solutions (NASDAQ:VIAV) Frequently Asked Questions

How has Viavi Solutions' stock been impacted by COVID-19 (Coronavirus)?

Viavi Solutions' stock was trading at $12.01 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, VIAV stock has decreased by 3.5% and is now trading at $11.59. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Viavi Solutions?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Viavi Solutions in the last year. There are currently 1 hold rating and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Viavi Solutions.

When is Viavi Solutions' next earnings date?

Viavi Solutions is scheduled to release its next quarterly earnings announcement on Thursday, August 20th 2020. View our earnings forecast for Viavi Solutions.

How were Viavi Solutions' earnings last quarter?

Viavi Solutions Inc (NASDAQ:VIAV) released its quarterly earnings data on Wednesday, May, 6th. The communications equipment provider reported $0.14 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.13 by $0.01. The communications equipment provider earned $256.20 million during the quarter, compared to analysts' expectations of $276.01 million. Viavi Solutions had a net margin of 1.25% and a return on equity of 17.72%. The business's revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period last year, the firm posted $0.13 earnings per share. View Viavi Solutions' earnings history.

What price target have analysts set for VIAV?

8 Wall Street analysts have issued twelve-month price objectives for Viavi Solutions' stock. Their forecasts range from $13.00 to $18.00. On average, they expect Viavi Solutions' share price to reach $15.63 in the next twelve months. This suggests a possible upside of 34.8% from the stock's current price. View analysts' price targets for Viavi Solutions.

What are Wall Street analysts saying about Viavi Solutions stock?

Here are some recent quotes from research analysts about Viavi Solutions stock:

1. According to Zacks Investment Research, "Viavi boasts a comprehensive product portfolio that offers end-to-end network visibility and analytics that optimize complex physical and virtual networks. Its products are well positioned to meet the evolving industry trends, given its technology prowess, product depth and wide customer base. Viavi pursues a holistic growth model with strategic acquisitions and focused organic improvement plans. Demand for sophisticated anti-counterfeiting features, optical filters and sensors offer lucrative growth opportunities. However, seasonality patterns and exposure to foreign currency fluctuations remain headwinds. Continued Sino-U.S. trade hostilities have hurt the supply-chain management of Viavi as most of the manufacturing partners are located in China, denting its profitability. Soft growth outlook for the 3D sensing business remains another concern." (9/16/2019)
2. Rosenblatt Securities analysts commented, "We expect the 5G testing business to maintain its growth engines as more countries deploy 5G networks in 2020. We believe Viavi will continue to benefit from the 5G equipment installation stage as the company can sell system testing products and field testing services." (8/16/2019)

Has Viavi Solutions been receiving favorable news coverage?

Media coverage about VIAV stock has trended very negative recently, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Viavi Solutions earned a news impact score of -3.5 on InfoTrie's scale. They also gave press coverage about the communications equipment provider a news buzz of 3.0 out of 10, meaning that recent news coverage is unlikely to have an effect on the stock's share price in the immediate future. View the latest news aboutViavi Solutions.

Are investors shorting Viavi Solutions?

Viavi Solutions saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 10,400,000 shares, a decrease of 9.2% from the April 30th total of 11,450,000 shares. Based on an average daily trading volume, of 2,620,000 shares, the short-interest ratio is currently 4.0 days. Currently, 4.6% of the shares of the stock are sold short. View Viavi Solutions' Current Options Chain.

Who are some of Viavi Solutions' key competitors?

Some companies that are related to Viavi Solutions include Advantest (ATEYY), Monolithic Power Systems (MPWR), Cypress Semiconductor (CY), ASE Technology (ASX), IPG Photonics (IPGP), Enphase Energy (ENPH), Mellanox Technologies (MLNX), Solaredge Technologies (SEDG), ON Semiconductor (ON), United Microelectronics (UMC), Inphi (IPHI), Cree (CREE), First Solar (FSLR), SUMCO CORP/ADR (SUOPY) and Cabot Microelectronics (CCMP). View all competitors.

What other stocks do shareholders of Viavi Solutions own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Viavi Solutions investors own include Lundin Mining (LUN), Energy Transfer LP Unit (ET), Lam Research (LRCX), NVIDIA (NVDA), QUALCOMM (QCOM), Advanced Micro Devices (AMD), Lumentum (LITE), Cisco Systems (CSCO), Ford Motor (F) and Marvell Technology Group (MRVL).

Who are Viavi Solutions' key executives?

Viavi Solutions' management team includes the following people:

Mr. Oleg Khaykin, Pres, CEO & Director (Age 54)
Mr. Amar Maletira, Exec. VP & CFO (Age 50)
Mr. Ralph Rondinone, Sr. VP of Global Operations & Services and Network & Service Enablement (Age 57)
Mr. Paul McNab, Exec. VP and Chief Marketing & Strategy Officer (Age 56)
Mr. Gary W. Staley, Sr. VP of Global Sales, Network & Service Enablement (Age 52)

What is Viavi Solutions' stock symbol?

Viavi Solutions trades on the NASDAQ under the ticker symbol "VIAV."

Who are Viavi Solutions' major shareholders?

Viavi Solutions' stock is owned by a number of institutional and retail investors. Top institutional investors include Capital World Investors (2.51%), DNB Asset Management AS (1.85%), Victory Capital Management Inc. (1.57%), Victory Capital Management Inc. (1.59%), Clearbridge Investments LLC (1.48%) and Geode Capital Management LLC (1.48%). Company insiders that own Viavi Solutions stock include Amar Maletira, Gary W Staley, Keith Barnes, Kevin Christopher Siebert, Luke M Scrivanich, Paul Mcnab, Ralph Rondinone and Timothy Campos. View institutional ownership trends for Viavi Solutions.

Which major investors are selling Viavi Solutions stock?

VIAV stock was sold by a variety of institutional investors in the last quarter, including AO Asset Management LP, Picton Mahoney Asset Management, Public Sector Pension Investment Board, Victory Capital Management Inc., Victory Capital Management Inc., Wellington Management Group LLP, Employees Retirement System of Texas, and Columbus Circle Investors. Company insiders that have sold Viavi Solutions company stock in the last year include Amar Maletira, Gary W Staley, Kevin Christopher Siebert, Luke M Scrivanich, Ralph Rondinone, and Timothy Campos. View insider buying and selling activity for Viavi Solutions.

Which major investors are buying Viavi Solutions stock?

VIAV stock was purchased by a variety of institutional investors in the last quarter, including Capital World Investors, Canada Pension Plan Investment Board, Schroder Investment Management Group, Nuveen Asset Management LLC, UBS Group AG, Acadian Asset Management LLC, DNB Asset Management AS, and Ziegler Capital Management LLC. View insider buying and selling activity for Viavi Solutions.

How do I buy shares of Viavi Solutions?

Shares of VIAV can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Viavi Solutions' stock price today?

One share of VIAV stock can currently be purchased for approximately $11.59.

How big of a company is Viavi Solutions?

Viavi Solutions has a market capitalization of $2.64 billion and generates $1.13 billion in revenue each year. The communications equipment provider earns $5.40 million in net income (profit) each year or $0.52 on an earnings per share basis. Viavi Solutions employs 3,600 workers across the globe.

What is Viavi Solutions' official website?

The official website for Viavi Solutions is www.viavisolutions.com.

How can I contact Viavi Solutions?

Viavi Solutions' mailing address is 6001 AMERICA CENTER DRIVE 6TH FLOOR, SAN JOSE CA, 95002. The communications equipment provider can be reached via phone at 408-404-3600 or via email at [email protected]

This page was last updated on 5/30/2020 by MarketBeat.com Staff