How to buy Viavi Solutions stock

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 0.00.

Viavi Solutions share price

Use our graph to track the performance of VIAV stocks over time.

Viavi Solutions shares at a glance

• Key figures

Information last updated 2021-04-23.

52-week range	$10.44 - $17.13
50-day moving average	$16.20
200-day moving average	$14.91
Wall St. target price	$19.63
PE ratio	131.7969
Dividend yield	N/A (0%)
Earnings per share (TTM)	$0.13

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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.

Technical Analysis of Viavi Solutions Inc by TradingView

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.

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 132x. In other words, Viavi Solutions shares trade at around 132x 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 $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.

Viavi Solutions financials

Revenue TTM	$1.1 billion
Operating margin TTM	9.22%
Gross profit TTM	$699.9 million
Return on assets TTM	3.38%
Return on equity TTM	3.85%
Profit margin	2.72%
Book value	$3.50
Market capitalisation	$3.9 billion

TTM: trailing 12 months

Shorting Viavi Solutions shares

There are currently 11.0 million Viavi Solutions shares held short by investors – that's known as Viavi Solutions's "short interest". This figure is 9.1% 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 2.3 million). Viavi Solutions's SIR currently stands at 4.66. In other words for every 100,000 Viavi Solutions shares traded daily on the market, roughly 4660 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 0.0692% of the tradable shares (for every 100,000 tradable Viavi Solutions shares, roughly 69 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 3 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 $10.44 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 0.7557. 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.

Frequently asked questions

• What percentage of Viavi Solutions is owned by insiders or institutions?

  Currently 0.943% of Viavi Solutions shares are held by insiders and 101.118% by institutions.

• How many people work for Viavi Solutions?

  Latest data suggests 3,600 work at Viavi Solutions.

• When does the fiscal year end for Viavi Solutions?

  Viavi Solutions's fiscal year ends in June.

• Where is Viavi Solutions based?

  Viavi Solutions's address is: 6001 America Center Drive, San Jose, CA, United States, 95002

• What is Viavi Solutions's ISIN number?

  Viavi Solutions's international securities identification number is: US9255501051

• What is Viavi Solutions's CUSIP number?

  Viavi Solutions's Committee on Uniform Securities Identification Procedures number is: 46612J101