VIAV Stock Summary and Trading Ideas (Viavi Solutions | NASDAQ:VIAV)

Viavi Solutions Inc. is a global provider of network test, monitoring and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil government, military and avionics customers. The company also offers high-performance thin-film optical coatings, providing light management solutions to anti-counterfeiting, 3D sensing, electronics, automotive, defense and instrumentation markets. Its operating segments include Network Enablement, Service Enablement, and Optical Security and Performance Products. Geographically, it derives a majority of revenue from the United States.

Viavi Solutions trades on the NASDAQ stock market under the symbol VIAV.

As of April 19, 2024, VIAV stock price declined to $8.06 with 799,343 million shares trading.

VIAV has a beta of 1.47, meaning it tends to be more sensitive to market movements. VIAV has a correlation of 0.20 to the broad based SPY ETF.

VIAV has a market cap of $1.82 billion. This is considered a Small Cap stock.

Last quarter Viavi Solutions reported $255 million in Revenue and $.11 earnings per share. This beat revenue expectation by $4 million and exceeded earnings estimates by $.02.

In the last 3 years, VIAV stock traded as high as $18.14 and as low as $7.26.

The top ETF exchange traded funds that VIAV belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.

VIAV has underperformed the market in the last year with a price return of -11.8% while the SPY ETF gained +21.1%. VIAV has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -19.8% and -8.7%, respectively, while the SPY returned +4.2% and -3.6%, respectively.

VIAV support price is $7.91 and resistance is $8.27 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that VIAV stock will trade within this expected range on the day.