Viavi Solutions Inc (NASDAQ: VIAV) suffers from important negative changes in fundamentals: significant quarterly sales deceleration occurred, significant quarterly earnings deceleration occurred, and the consensus estimate for June, 2024 decreased significantly.
Recent notable negative changes in investment behavior have affected Viavi Solutions Inc (NASDAQ: VIAV): the stock fell on very heavy volume.
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
VIAV is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Viavi Solutions has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Viavi Solutions has a poor Power Rating of 29 and a poor Appreciation Score of 23, resulting in the Lowest Value Trend Rating.
Recent Price Action
Viavi Solutions Inc (NASDAQ: VIAV) stock closed at $7.56 on 5/3/24 after a large decline of -5.7%. Moreover, this decline was accompanied by exceptionally high trading volume at 206% of normal. The stock has been weak relative to the market over the last nine months and has declined -5.1% during the last week.
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