Meaningful negative changes in Viavi Solutions Inc (NASDAQ: VIAV) fundamentals have recently occurred: significant quarterly sales deceleration occurred, significant quarterly earnings deceleration occurred, and the consensus estimate for June, 2024 decreased significantly.
Viavi Solutions Inc (NASDAQ: VIAV). Significant negative changes in investment behavior have recently occurred: negative upside/downside volume developed.
In light of these highly negative signals we are reviewing our current Overall Rating of F. We would continue to view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, VIAV is expected to continue to be a major Value Builder.
Viavi Solutions has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Viavi Solutions has a poor Power Rating of 27 and a poor Appreciation Score of 25, producing the Lowest Value Trend Rating.
Recent Price Action
Viavi Solutions Inc (NASDAQ: VIAV) stock closed at $7.67 on 5/14/24 after a large increase of 4.4%. This advance was accompanied by normal trading volume. The stock has risen 4.1% during the last week but has been weak relative to the market over the last nine months.
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