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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.
|52-week range||USD$8.0801 - USD$17.13|
|50-day moving average||USD$16.1309|
|200-day moving average||USD$13.8385|
|Wall St. target price||USD$19.38|
|Dividend yield||N/A (0%)|
|Earnings per share (TTM)||USD$0.128|
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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 current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 130x. In other words, Viavi Solutions shares trade at around 130x 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 "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 (earnings before interest, taxes, depreciation and amortisation) is USD$206.7 million.
The EBITDA is a measure of a Viavi Solutions's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||USD$1.1 billion|
|Operating margin TTM||9.22%|
|Gross profit TTM||USD$699.9 million|
|Return on assets TTM||3.38%|
|Return on equity TTM||3.85%|
|Market capitalisation||USD$3.8 billion|
TTM: trailing 12 months
There are currently 10.5 million Viavi Solutions shares held short by investors – that's known as Viavi Solutions's "short interest". This figure is 1.2% up from 10.4 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) is the quantity of Viavi Solutions shares currently shorted divided by the average quantity of Viavi Solutions shares traded daily (recently around 2.2 million). Viavi Solutions's SIR currently stands at 4.84. In other words for every 100,000 Viavi Solutions shares traded daily on the market, roughly 4840 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 0.05% of the outstanding shares (for every 100,000 Viavi Solutions shares in existence, roughly 50 shares are currently held short) or 0.0662% of the tradable shares (for every 100,000 tradable Viavi Solutions shares, roughly 66 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.
We're not expecting Viavi Solutions to pay a dividend over the next 12 months.
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.
Over the last 12 months, Viavi Solutions's shares have ranged in value from as little as $8.0801 up to $17.13. 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 0.7689. This would suggest that Viavi Solutions's shares are less volatile than average (for this exchange).
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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