Viavi Solutions Inc. (NASDAQ:VIAV):
Viavi Observer GigaStor Earns Top Marks in Independent Testing of Packet Capture, Analysis, and Storage Performance.
The company is so far trading unchanged by 0.00% since yesterday’s close of $11.15.
Viavi Solutions Inc. (Viavi), launched on June 23, 1993, is a provider of network test, monitoring and assurance solutions to communications service providers, enterprises and their ecosystems. The Company also offers thin film optical coatings, providing light management solutions to anti-counterfeiting, consumer and industrial, government and healthcare and other markets. The Business’s segments include Network Enablement (NE), Service Enablement (SE), and Optical Security and Performance Products (OSP). The NE segment provides testing solutions that access the network to perform build-out and maintenance tasks. The SE segment offers solutions, which are embedded systems that yield network, service and application performance data. The OSP segment provides optical security solutions..
The stock last traded at $11.15 which is a tad above the 50 day moving average which is $11.00 and marginally over the 200 day moving average of $9.77. The 50 day moving average went up by +1.38% whereas the 200 day moving average was up $1.38 or +14.10%.
The P/E ratio is currently 30.80 and market cap is 2.53B. In the last earnings report the EPS was $0.36 and is expected to be $0.36 for the current year with 226,977,000 shares outstanding. Next quarter’s EPS is expected be $0.10 with next year’s EPS projected to be $0.44.
Traders are more bearish recently if you take a look at the increase in short interest. The company saw a rise in short interest of 9.12% as of April 28, 2017 from the last reporting period. Short interest grew 989,620 over that period. With short interest at 11,844,421 and short average daily volume at 4,994,444, days to cover is 2.4 and the short interest percentage is 0.05% as of April 28.
Several investment analysts have weighed in on the stock of late. Craig-Hallum both upgraded the stock and raised the price target on December 8 changing the price target from $7.00 to $10.00 and moving the rating from “Hold” to “Buy”. On December 8 the stock rating was upgraded to “Buy” from “Hold” with a current price target of $10.00 in a report issued by Craig-Hallum.
On October 11 the company was upgraded from “” to “Overweight” and a price target of $10.00 was set in a report from JP MOrgan. On June 27 the company was set at “Neutral” in a report from B. Riley a cut from the previous “Buy” rating.
William Blair began coverage of VIAV giving it an initial rating of “Outperform”. Equity analyst UBS began coverage of the stock with an initial rating of “Buy” and projecting a price target of $7.50.