Triple Moving Average Crossover
|Bid||0.00 x 4000|
|Ask||0.00 x 4000|
|Day's Range||12.80 - 13.18|
|52 Week Range||8.08 - 16.35|
|Beta (5Y Monthly)||1.15|
|PE Ratio (TTM)||222.59|
|Earnings Date||Aug 11, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||15.38|
(NASDAQ: VIAV) Viavi Solutions Inc. ("VIAVI") will announce its fiscal fourth quarter and year-end 2020 financial results for the period ended June 27, 2020, on Tuesday, August 11, 2020, after the close of market.
VIAVI Solutions Inc. (VIAVI) (NASDAQ: VIAV) today released the results of its 13th annual State of the Network global study of enterprise networking and security challenges. The study shows that IT teams critically require better visibility into the network driven by a number of factors, including tremendous disruption from the COVID-19 pandemic, relentless technological advances, remote working reaching an all-time high and the expanding security threatscape. Indeed, 73 percent of respondents said security professionals need comprehensive visibility into network infrastructure to enhance cybersecurity efforts and speed remediation.
Viavi Solutions Inc. (VIAVI) (NASDAQ: VIAV) today announced that it has expanded its NITRO Mobile assurance portfolio with two new solutions – GEOperformance 5G and Coverage Assurance 5G. The two solutions give operators a view of 5G coverage and subscriber experience, allowing them to transform 5G RAN planning and performance engineering. Combined, they allow the mobile operator to move from a position of managing and assuring without visibility to one where comprehensive visibility allows them to attract new vertical markets and drive new revenue streams.
Viavi Solutions Inc. (VIAVI) (NASDAQ: VIAV) today announced that OPTRONTEC Inc. (KOSDAQ: 082210) ("OPTRONTEC"), a manufacturer and total solution provider of optical filter, lens and assembly based in South Korea, has agreed to a licensing agreement with VIAVI for patented three-dimensional (3D) sensing technology.
Viavi Solutions Inc. (VIAVI) (NASDAQ: VIAV) today announced that the TeraVM 5G virtualized testing solution now supports load testing of the Open Central Unit (O-CU) according to O-RAN specifications. This capability follows the March 2020 launch of the industry-first Test Suite for O-RAN Specifications, which is already being deployed by Tier-1 operators and network equipment manufacturers.
Stock markets saw spectacular drop yesterday, as rising hospitalizations in states such as Texas and Arizona promoted fears that an uptick in coronavirus cases could cause more economic damage. It’s a clear sign that traders are not going to be easily reassured in the current crisis. Yet, according to J.P. Morgan strategist Nikolaos Panigirtzoglou there's a light at the end of the tunnel. Panigirtzoglou argues that the massive amount of cash currently in the financial system could be the spark that pushes risk assets higher, noting that billions could be pumped into equities. This potential, however, could come at the expense of bonds as portfolios are rebalanced.To support this stance, the strategist cited the fact that $1.2 trillion have been put into money-market funds, with fund managers holding on to cash, $591 billion overall, like never before, based on data reported by Bank of America. This means that investors can still prop up the market even during a tumultuous period of time. “Investors are still underweight equities and signs of overextension are confined to momentum traders. There is still plenty of room for investors to raise their equity allocations,” Panigirtzoglou wrote.Bearing this in mind, we wanted to take a closer look at two stocks that just received a thumbs up from J.P. Morgan. With the firm’s analysts projecting more than 25% upside potential for each, we ran the tickers through TipRanks’ database to get the rest of the Street’s take. As it turns out, both have been praised by other analysts.Viavi Solutions (VIAV)Offering intuitive instruments, systems and technologies, Viavi Solutions helps service providers and IT organizations manage the network lifecycle for complex 5G and Fiber networks. Given the progress related to its field work and its compelling valuation, J.P. Morgan is jumping on board.Representing the firm, analyst Samik Chatterjee tells clients the field instruments segment was hit hard by COVID-19. “VIAV on its latest earnings call highlighted that within the revenue shortfall in the NSE group, the portion attributable to lower demand in C1Q largely related to field instruments, which remains largely a book & ship business for every quarter... Production equipment has seen modest headwinds, more specific to end-markets with severe challenges, but have still been more resilient relative to Field instruments, which are impacted by the absence of technicians in the field,” he commented.Having said that, Chatterjee argues that the easing of social distancing measures and outdoor field work restrictions will allow demand for test and measurement equipment to recover in the near-term. This is essential for VIAV as field instruments make up 60% of its core NE revenue. Long-term, the demand should remain largely unimpacted. He also pointed out, “Companies in our coverage universe are citing unchanged robust plans from service providers to drive 5G as well as 400G adoption, both of which VIAV has leverage to.”On top of this, Chatterjee believes any M&A activity could serve as a major catalyst for shares. “The test & measurement landscape remains fragmented relative to suppliers and the disruption offers an opportunity for VIAV to further consolidate its position. Recent actions to establish a $300 million short-term credit line despite ample liquidity hints to similar intent,” the analyst explained.Should the company acquire an asset with a complementary portfolio, Opex leverage could emerge as a possible synergy. Not to mention if the asset has profits from the U.S., Chatterjee thinks it “will enable the company to accelerate usage of NOLs driving a higher valuation.”Expounding on VIAV’s valuation, the analyst stated, “Additionally, with VIAV shares now trading at ~18x NTM EPS, i.e., below recent year P/E of ~20x, unlike most companies in the coverage universe that are trading at premiums to their recent year valuation multiples on account of credit for trough earnings during the pandemic, we see an attractive opportunity for investors to position themselves for upside.”Based on all of the above, Chatterjee upgraded his rating from Neutral to Overweight, and bumped up the price target from $14 to $16. This target implies shares could climb 25% higher in the next twelve months. (To watch Chatterjee’s track record, click here) Like Chatterjee, most other analysts also take a bullish approach. VIAV’s Strong Buy consensus rating breaks down into 7 Buys and 1 Hold. Given the $15.25 average price target, the upside potential lands at 20%. (See Viavi stock analysis on TipRanks)Stratasys (SSYS)As for J.P. Morgan’s second pick, we have Stratasys, which provides 3D printing and additive solutions. With its materials and services delivering speed, innovation, performance and customization, it’s no wonder the firm handed out a ratings upgrade.Analyst Paul Coster highlights the fact that in Q2 and Q3, SSYS is going to place a significant focus on resizing actions in order to cut operating expenses by 10% and yield $30 million in annualized run-rate savings, which should also bode well for COGS.Weighing in on this development, Coster said, “We previously anticipated cost reductions in 2020 but not of this magnitude, so we are only taking about $15 million out of 2021 PF operating expenses, nonetheless the action – overdue, in our view – is significantly accretive for shareholders. The new CEO is delivering for shareholders.”While Coster reduced his estimates for 2020-2021 gross margins to account for lower product volumes, it should be noted that this is his second upgrade for SSYS recently. Citing the launch of new products expected to come over the next 12-18 months, the analyst believes the company will slowly start to see growth again. “With the expense reductions that the new CEO is pushing through, a return to modest growth should deliver operating leverage, and we think the stock will appreciate on upward revisions to estimates,” he stated.That said, it will take some time for these gains to materialize, according to Coster. With COVID-19 still impacting activity in several of SSYS’s end-markets, including autos and aerospace, lackluster Q2 revenues and near-term pressure on gross margins could be on the horizon.This fact, however, does not offset all of the positives, in Coster’s opinion. In line with his more bullish take, the analyst gave his rating a boost, from Neutral to Overweight. The price target got a lift as well, increasing to $22 from $19. Should the target be met, a twelve-month gain of 32% could be in store. (To watch Coster’s track record, click here) What does the rest of the Street think about SSYS? Opinions are split evenly down the middle, with the stock receiving 2 Buys and 2 Holds in the last three months. As a result, the consensus rating is a Moderate Buy. Additionally, the $20.33 average price target suggests 13% upside potential. (See Stratasys stock analysis on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
On CNBC's "Mad Money Lightning Round," Jim Cramer said that the only way he is willing to buy World Wrestling Entertainment, Inc. (NYSE: WWE) is through Take-Two Interactive Software, Inc. (NASDAQ: TTWO).Cramer likes Triumph Group Inc (NYSE: TGI) because Boeing Co (NYSE: BA) is going to get a high sign soon from the Federal Aviation Administration.Cramer would wait for Chegg Inc (NYSE: CHGG) to drop to $50 to average down. He believes in the story.Cloudflare Inc (NYSE: NET) is good, said Cramer. He also likes Crowdstrike Holdings Inc (NASDAQ: CRWD).Why isn't Viavi Solutions Inc (NASDAQ: VIAV) all the way up, asked Cramer. He likes the stock.Cyberark Software Ltd (NASDAQ: CYBR) doesn't have enough cloud so Cramer doesn't like it.See more from Benzinga * Cramer Weighs In On Zynga, Lumentum And More * Cramer Shares His Thoughts On Broadcom, Bed Bath & Beyond And More * Alibaba, Tesla Among Cramer's Stay-At-Home Stock Ideas(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
In addition to other flagship products, the new solution by Viavi (VIAV) is set to revolutionize antenna alignment products required during the initial stages of 5G deployment.
As Viavi Solutions Inc. (VIAVI) (NASDAQ: VIAV) completes the one-year anniversary of its acquisition of 3Z Telecom, the company has unveiled a unified solution set to address the critical needs of wireless contractors in North America. Adding to the well-known RF Vision Antenna Alignment Tool, the Fiber Installer Kit includes all the instruments needed to test, inspect, and clean fiber and connectors while installing wireless networks.
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing 821 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of March 31st, 2020. […]
Viavi Solutions (NASDAQ: VIAV) shares are trading higher on Monday.JPMorgan upgraded the company's stock from Neutral to Overweight and raised its price target from $14 to $16.Viavi Solutions is a 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. It operates in three segments: Network Enablement, Service Enablement and Optical Security and Performance Products.Viavi Solutions shares were trading up 4.31% at $12.09 at time of publication on Monday. The stock has a 52-week high of $16.35 and a 52-week low of $8.08.Related Links:Viavi Raises Q1 Guidance, Announces 0M BuybackGilead Analysts See Questionable Commercial Opportunity For Coronavirus Candidate RemdesivirLatest Ratings for VIAV DateFirmActionFromTo Jun 2020JP MorganUpgradesNeutralOverweight May 2020B. Riley FBRMaintainsBuy May 2020MKM PartnersMaintainsBuy View More Analyst Ratings for VIAV View the Latest Analyst RatingsSee more from Benzinga * Why Coty's Stock Is Trading Higher Today * Why Evolent Health's Stock Is Trading Lower Today * Why Taiwan Liposome's Stock Is Trading Higher Today(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Tech stocks have spent the past few years really separating themselves from the market pack. As technology has become more ingrained into every aspect of life - work, play and everything in between - the companies developing and providing those technologies have delivered explosive growth.The Technology Select Sector SPDR Fund (XLK) has delivered a 139% total return (price performance plus dividends) over the past five years, well more than double the S&P; 500's 57% return. The five largest companies trading on U.S. markets are either tech stocks or, as is the case with several of the companies we'll highlight below, technology-intensive companies in other sectors. Think Amazon.com (AMZN), a consumer discretionary company, or Facebook (FB), which is technically a communications stock.Wall Street remains aggressively bullish on tech and tech-like stocks. According to data from TipRanks, which tracks the industry's leading investment analysts, the pros are still very optimistic about the sector. Of the 573 tech stocks TipRanks includes in the sector, 129 (23%) had "Strong Buy" consensus ratings, with another 303 (51%) earning "Moderate Buy" ratings.Some of the analyst community's top tech stocks are well-worn names such as Microsoft (MSFT) and Apple (AAPL). But many more tend to get second billing despite having equally exciting outlooks. Here, we'll look at 14 of the best tech stocks and other technology-adjacent companies that you might not hear as much about. SEE ALSO: 50 Top Stock Picks That Billionaires Love
5G is here. The new digital wireless technology first started to make waves in 2017, with connectivity tests in Argentina, Norway, and Poland. By late 2018, active 5G networks were starting to appear on a limited basis in various urban areas, and in 2019 the first nationwide networks went into operation in the US and China. As 2020 matures, industry analysts expect to see these networks expand, as providers move into the mid- and high-frequency bands.Looking ahead at the landscape 5G companies will have to navigate, Roth Capital's Scott Searle writes, “5G represents a multi-year product cycle that will drive multiple investable opportunities including incremental dollar content, the emergence and enablement of private networks and Industry 4.0, and incremental bandwidth/applications such as fixed wireless access…”The companies involved in the multiple aspects of the ongoing 5G rollout are going to attract plenty of attention in the coming months. But not all of them are going to bring investors the returns to justify the investment. We’ve opened up the TipRanks database to find two stocks positioned to gain in the 5G world, and also one that may be too risky to try.Viavi Solutions (VIAV)Our first stock is a provider of measurement and fiber test devices for network systems and providers. The company offers business intelligence consulting, custom analytics, installation and integration, field and lab testing, and operational assistance for its networking products. In addition to digital tech, Viavi also offers services in light management and optical coatings to banknote manufacturers.As 5G networks expand from their current phase, enter operation in new areas, and boost performance to the full potential of the technology, Viavi’s products will find increased demand. The company has been involved in 5G since the earliest days of the technology’s design, on the validation, verification, and visibility ends. While not directly involved in installation or hardware of the new networks, Viavi’s position in the 5G chain is essential.Viavi entered 2020 after a particularly strong year in calendar 2019. The company showed four consecutive quarters of rising earnings that consistently beat expectations. Calendar year Q4, which is usually VIAV’s strongest, saw the company post EPS of 19 cents, 18.8% above the forecast. The first quarter of 2020, however, was different. First off, the calendar year first quarter (the company’s fiscal Q3) is typically VIAV’s weakest. Second, the COVID-19 pandemic hit hard at revenues. The top line came in at $256.2 million, down 3.4% year-over-year, and well below VIAV’s previously published guidance numbers. The company’s Network and Service Enablement segment led the declines, while Optical Security and Performance Products showed stronger results. EPS for 1Q20 came in at 9 cents, 11% below the forecast – and also 11% below the year-ago quarter.That’s the bad news. The good news is that Viavi has a clear path forward, especially as economic restrictions are lifted in the second half of this year. Writing on the company from Northland Securities analyst Tim Savageaux maintains his Outperform rating on Viavi shares "given continued strength in 5G and 400G optical lab development at equipment OEMs and the overall positive impact of increased carrier network traffic." The analyst added, "…we believe network traffic and subscriber growth may provide offsets in addition to likely easing of lockdowns driving resumed network maintenance and subscriber deployments… We also believe the shares are likely to be supported by VIAV's strong cash flow generation."Savageaux's Outperform rating is backed by a $14 price target, which implies a healthy upside potential of 31% for the next 12 months. (To watch Savageaux’s track record, click here)Overall, it would appear that Wall Street agrees with Savageaux’s assessment of VIAV. The stock has 7 recent reviews, breaking down in a 6 to 1 split of Buy versus Hold. The average price target, $15.14, is actually more bullish than Savageaux’s, and suggests room for 42% upside growth from the current trading price of $10.68. (See Viavi stock analysis on TipRanks)Cohu, Inc. (COHU)The second stock on our list, Cohu, is a designer and manufacturer of test and inspection equipment in the semiconductor chip sector. COHU shares had been gaining in Q4 and Q1, as demand for semiconductor chips, fueled in part by the expansion of 5G networks. In the six months prior to the current bear cycle, COHU shares posted a gain of 86%. Since the bear cycle began, however, COHU shares have underperformed. The stock is still down 45% from its peak in early February. Cohu’s Q1 results, while rocky, were in-line with analyst expectations. The losses in the earnings report were attributed to slack demand due to the general economic situation – but that is seen as a temporary factor. As economies reopen, latent projects – including 5G network construction – will restart. Cohu’s products essential in the production of the new 5G chips, and are likely to see demand resume soon enough.Krish Sankar, 5-star analyst with Cowen, sees COHU shares as a buying opportunity. The analyst opined, “The 5G adoption (over 50% of mobility bookings) is benefiting the company and coupled with an eventual Auto recovery should drive a strong earnings profile in CY21.” The analyst added, "We like the stock - the upcoming 5G cycle (and eventual Auto recovery) should benefit COHU. Despite the uncertain environment, we do not see any liquidity risk."To this end, Sankar reiterated a Buy rating on Cohu shares, along with a $20 price target. That target implies a solid upside potential of 48%. (To watch Sankar’s track record, click here)COHU shares have a unanimous analyst consensus rating of Strong Buy, based on 5 recent Buy reviews. Shares are selling for a discounted $13.55, while the average price target of $19.60 indicates a robust one-year upside potential of 45%. (See Cohu stock analysis on TipRanks)Netscout Systems (NTCT)The third stock today, Netscout. The company provides solutions for application and network performance management, an important niche in today’s digital and/or cloud-based office world. The importance of Netscout’s products in the 5G ramp is manifest, but does not necessarily outweigh the current market headwinds.NTCT shares lost heavily in the bear cycle’s initial fall, but in volatile trading had regained most of the loss. That was derailed by a mixed fiscal Q4 earnings report.At the top line, results for the fiscal fourth quarter and FY20 were down from one year ago. Quarterly revenues came in at $229.4 million, down from last year’s $235 million. FY revenue slipped from fiscal 2019’s $909.9 million to $891.8 million. Netscout posted a net loss in fiscal 2020, of $2.8 million. From an investors’ perspective, the worst part of the earnings report was the forward guidance: the company withdrew it “given the rapidly evolving COVID-19 situation."Covering this stock for Piper Sandler, analyst James Fish maintained a Sell rating. Simply put, Fish does not see Netscout regaining pre-pandemic business quickly enough to make a solid recovery. He writes, “The company saw some deals occur later in the quarter than anticipated, with others pushed into April… As a reminder, NetScout had pulled forward revenue from FQ4 into FQ3 related to a Tier-1 NA carrier deal and was unable to 're-fill' the bucket… The company is seeing increased demand related to fixed line with carriers, but not on the mobile side.”Fish’s $21 price target predicts a downside to NTCT, of 9%. (To watch Fish’s track record, click here)Wall Street is evenly split on this stock. NTCT shares have received 1 Buy, 1 Hold, and 1 Sell rating in recent weeks, making the analyst consensus view a Hold. Shares are priced at $23.04, and the average price target of $25.33 suggests room for a 10% growth. (See Netscout stock analysis on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
Viavi Solutions Inc. ("VIAVI") (NASDAQ: VIAV) will participate in the following upcoming investor conferences. A live webcast and replay are available on the VIAVI website under "Events and Presentations" section at https://investor.viavisolutions.com.
Viavi's (VIAV) third-quarter fiscal 2020 results reflect the impact of lower Network and Service Enablement revenues. However, Optical Security and Performance Products performed well.
Viav Solutions (VIAV) delivered earnings and revenue surprises of 7.69% and -7.87%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Susquehanna analyst Mehdi Hosseini reiterated a Buy rating on Viavi Solutions (NASDAQ:VIAV) on Wednesday, setting a price target of $17, which is approximately 43.70% above the present share price of $11.83.
VIAVI (NASDAQ: VIAV) today reported results for its third fiscal quarter ended March 28, 2020. Amounts presented below are on a continuing operations basis unless otherwise noted.
Viavi Solutions Inc. (VIAVI) (NASDAQ: VIAV) has augmented worldwide support for field instruments used by fiber, cable and mobile service providers, as well as for lab and production test systems used by network equipment manufacturers. In the current global environment, communications networks have been deemed essential businesses, enabling subscribers to work or learn remotely. These customers need to be ready to install, upgrade, maintain or troubleshoot subscriber services while being socially responsible and safeguarding the health of their employees.
Viavi Solutions Inc. (NASDAQ:VIAV), which is in the communications business, and is based in United States, received a...
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
Viavi Solutions Inc. (VIAVI) (NASDAQ: VIAV) today announced the availability of Observer 18, delivering end-user experience scoring, streamlined workflows and high-fidelity forensics, powered by the fastest stream-to-disk platform available in the market today. As employees and users increasingly work away from the office, school campus, or hospital, NetOps and SecOps teams face twin challenges: optimize performance of the network even when that network can physically be located anywhere, while protecting against security threats, especially when those threats are taking advantage of atypical operating procedures.
Viavi Solutions Inc. (VIAVI) (NASDAQ: VIAV) today announced that it has been recognized as a Representative Vendor in the inaugural Gartner "Market Guide for Network Performance Monitoring and Diagnostics" report. VIAVI is pleased to provide a complimentary copy of this report. Previously, VIAVI was listed as a Leader for six consecutive years when Gartner produced a Magic Quadrant for this sector.1