Catching Fire Again: Viavi Solutions Inc. (VIAV)

Wall Street analysts will be watching closely when Viavi Solutions Inc. (NASDAQ:VIAV) reports its quarterly earnings next, which is scheduled for Thu 7 Feb (In 25 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at $0.17 per share. In the preceding quarter, the company reportedly generated EPS of $0.15 per share of its common stock. Looking at profitability indicators, this organization has an operating margin of -0.80%, a profit margin of -5.90% and a gross margin of 55.20%.

Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of Viavi Solutions Inc. (NASDAQ:VIAV). Most recently, on October 23rd, 2018, Stifel Resumed a Buy rating. Before that, on August 13th, 2018, Needham Upgrade to Buy. Deutsche Bank Initiated a Hold rating on June 8th, 2018, Argus Upgrade an Buy rating on May 8th, 2018, and JP Morgan Initiated a Underweight rating on May 3rd, 2018.

At its current price point, combined with the fact that this company has 227.20M shares outstanding, the current market capitalization sits at 2.40B. In the last trading day, 1,957,055 shares of Viavi Solutions Inc. were traded, which compares to its usual volume of about 2.32M shares per day of trading.

If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by $0.86 in the past five trading days, resulting in a percentage change of +8.87% and a moving average of 10.21. In the past 20 days, its price changed by $0.25 (which is +2.42%) and the stock’s moving average was 9.94. Looking back a full 50 days, shares of VIAV changed by -$0.57 (which is -5.12%) and demonstrated a moving average of 10.17.

Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 86.19%, a 14-day Stochastic %K score of 88.44% and a 20-day Stochastic %K score of 88.44%. Using a similar metric, Viavi Solutions Inc. (VIAV) shares showed a Stochastic %D of 79.98% over the past 9 days, a Stochastic %D score of 78.43% over the last 14 days, and a 20-day Stochastic %D of 73.83%. Meanwhile, this stock’s MACD Oscillator was 0.36 over the past 9 days, 0.49 over the past two weeks, and 0.46 in the last 20 days.

As recent trading data suggests, this company’s shares have been hovering close to the $10.56 level. Over the past 12 months, this stock has experienced a high price of $12.82 and a low of $8.49. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.

BlackRock Fund Advisors purchased more shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from Viavi Solutions Inc. (NASDAQ:VIAV) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 31,271,646 shares of the company’s stock following the addition of 1,023,113 to this investor’s holdings during the three-month period. This share count represents that BlackRock Fund Advisors now held 13.69% stake in Viavi Solutions Inc. (VIAV)’s shares.

Just in the most recent trading day, Viavi Solutions Inc. (NASDAQ:VIAV) experienced a high price of $10.62 and low point of $10.375. At the end of the last trading session, this stock was at 10.56 per share, following a loss of -$0.05, or 1.25% during the full day.