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How to buy Viavi Solutions stock | 12.3
Own Viavi Solutions stock in just a few minutes.
Viavi Solutions Inc is a communication equipment business based in the US. Viavi Solutions shares (VIAV) are listed on the NASDAQ and all prices are listed in US Dollars. Viavi Solutions employs 3,600 staff and has a trailing 12-month revenue of around USD$1.1 billion.
How to buy shares in Viavi Solutions
- Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
- Search for Viavi Solutions Find the stock by name or ticker symbol: VIAV. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Viavi Solutions reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At last close price of USD$12.3, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Viavi Solutions, depending on your broker.
- Check in on your investment. Congratulations, you own a part of Viavi Solutions. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
What's in this guide?
- VIAV shares summary
- Compare share dealing platforms
- Is VIAV stock a buy or sell?
- Stock performance over time
- Can I short VIAV shares?
- Are VIAV shares over-valued?
- Viavi Solutions's financials
- How volatile are VIAV shares?
- Does Viavi Solutions pay a dividend?
- Have VIAV shares ever split?
- Other common questions
How has coronavirus impacted Viavi Solutions's share price?
Since the stock market crash in March caused by coronavirus, Viavi Solutions's share price has had significant negative movement.
Its last market close was USD$12.3, which is 13.26% down on its pre-crash value of USD$14.18 and 52.23% up on the lowest point reached during the March crash when the shares fell as low as USD$8.0801.
If you had bought USD$1,000 worth of Viavi Solutions shares at the start of February 2020, those shares would have been worth USD$687.06 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth USD$853.62.
Viavi Solutions share price
Use our graph to track the performance of VIAV stocks over time.Viavi Solutions shares at a glance
Information last updated 2020-10-13.
| Latest market close | USD$12.3 |
|---|---|
| 52-week range | USD$8.0801 - USD$16.35 |
| 50-day moving average | USD$12.2989 |
| 200-day moving average | USD$12.4607 |
| Wall St. target price | USD$16.39 |
| PE ratio | 105.6667 |
| Dividend yield | N/A (0%) |
| Earnings per share (TTM) | USD$0.12 |
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Is it a good time to buy Viavi Solutions stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Viavi Solutions price performance over time
Historical closes compared with the close of $12.3 from 2020-10-16
| 1 week (2020-10-09) | -3.00% |
|---|---|
| 1 month (2020-09-18) | 3.10% |
| 3 months (2020-07-17) | -8.89% |
| 6 months (2020-04-17) | 4.37% |
| 1 year (2019-10-18) | -17.06% |
|---|---|
| 2 years (2018-10-18) | 1.32% |
| 3 years (2017-10-18) | 30.85% |
| 5 years (2015-10-16) | 105.34% |
Is Viavi Solutions under- or over-valued?
Valuing Viavi Solutions stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Viavi Solutions's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Viavi Solutions's P/E ratio
Viavi Solutions's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 106x. In other words, Viavi Solutions shares trade at around 106x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
Viavi Solutions's PEG ratio
Viavi Solutions's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.41. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Viavi Solutions's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Viavi Solutions's EBITDA
Viavi Solutions's EBITDA (earnings before interest, taxes, depreciation and amortisation) is USD$199.8 million.
The EBITDA is a measure of a Viavi Solutions's overall financial performance and is widely used to measure a its profitability.
Viavi Solutions financials
| Revenue TTM | USD$1.1 billion |
|---|---|
| Operating margin TTM | 8.1% |
| Gross profit TTM | USD$699.9 million |
| Return on assets TTM | 3.2% |
| Return on equity TTM | 3.99% |
| Profit margin | 2.53% |
| Book value | $3.12 |
| Market capitalisation | USD$2.9 billion |
TTM: trailing 12 months
Shorting Viavi Solutions shares
There are currently 10.2 million Viavi Solutions shares held short by investors – that's known as Viavi Solutions's "short interest". This figure is 2% up from 10.0 million last month.
There are a few different ways that this level of interest in shorting Viavi Solutions shares can be evaluated.
Viavi Solutions's "short interest ratio" (SIR)
Viavi Solutions's "short interest ratio" (SIR) is the quantity of Viavi Solutions shares currently shorted divided by the average quantity of Viavi Solutions shares traded daily (recently around 2.6 million). Viavi Solutions's SIR currently stands at 3.94. In other words for every 100,000 Viavi Solutions shares traded daily on the market, roughly 3940 shares are currently held short.
However Viavi Solutions's short interest can also be evaluated against the total number of Viavi Solutions shares, or, against the total number of tradable Viavi Solutions shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Viavi Solutions's short interest could be expressed as 0.04% of the outstanding shares (for every 100,000 Viavi Solutions shares in existence, roughly 40 shares are currently held short) or 0.0643% of the tradable shares (for every 100,000 tradable Viavi Solutions shares, roughly 64 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Viavi Solutions.
Find out more about how you can short Viavi Solutions stock.
Viavi Solutions share dividends
We're not expecting Viavi Solutions to pay a dividend over the next 12 months.
Have Viavi Solutions's shares ever split?
Viavi Solutions's shares were split on a 1758:1000 basis on 4 August 2015. So if you had owned 1000 shares the day before before the split, the next day you'd have owned 1758 shares. This wouldn't directly have changed the overall worth of your Viavi Solutions shares – just the quantity. However, indirectly, the new 43.1% lower share price could have impacted the market appetite for Viavi Solutions shares which in turn could have impacted Viavi Solutions's share price.
Viavi Solutions share price volatility
Over the last 12 months, Viavi Solutions's shares have ranged in value from as little as $8.0801 up to $16.35. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Viavi Solutions's is 0.8467. This would suggest that Viavi Solutions's shares are less volatile than average (for this exchange).
Viavi Solutions overview
Viavi Solutions Inc. provides network test, monitoring, and assurance solutions to communications service providers, enterprises, network equipment manufacturers, government, civil, military, and avionics customers worldwide. The company operates through three segments: Network Enablement (NE), Service Enablement (SE), and Optical Security and Performance Products (OSP) segments. The NE 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; and instrumentation for communication and safety. 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 SE 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 OSP 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 1923 and is headquartered in San Jose, California.
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