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

Viavi Solutions Inc. is an international 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 its revenue from the United States. Additionally, it manufactures and sells optical filters for 3D sensing products that allow facial recognition security authentication for mobile devices.

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

As of November 22, 2024, VIAV stock price climbed to $10.10 with 1,409,786 million shares trading.

VIAV has a beta of 1.42, meaning it tends to be more sensitive to market movements. VIAV has a correlation of 0.23 to the broad based SPY ETF.

VIAV has a market cap of $2.24 billion. This is considered a Mid Cap stock.

Last quarter Viavi Solutions reported $238 million in Revenue and $.06 earnings per share. This fell short of revenue expectation by $-2 million and met earnings estimates .

In the last 3 years, VIAV traded as high as $18.14 and as low as $6.60.

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

VIAV has underperformed the market in the last year with a price return of +27.5% while the SPY ETF gained +32.4%. However, in the short term, VIAV had mixed performance relative to the market. It has outperformed in the last 3 months, returning +23.9% vs +7.4% return in SPY. But in the last 2 weeks, VIAV shares have been beat by the market, returning -4.1% compared to an SPY return of -0.4%.

VIAV support price is $9.70 and resistance is $10.10 (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 shares will trade within this expected range on the day.