On Friday, Shares of Viavi Solutions Inc (NASDAQ:VIAV) lost -0.68% to $10.22. The share price is trading in a range of $10.18 – 10.41. The stock exchanged hands with 3.85 million shares contrast to its average daily volume of 3.10 million shares.
Viavi Solutions (VIAV) declared it has sold its ONT-600 400G tester to companies representing a noteworthycross-section of the high-speed optical networking ecosystem, demonstrating momentum in this emerging yet rapidly growing test category. Customers range from chip, module and network equipment manufacturers, to a Tier-1 U.S. carrier, to a leader in industrial leasing solutions.
As wireless, cable and telecommunications operators race to deliver gigabit connectivity to end users, they are accelerating deployment of high-speed optical technologies from access to the core. All participants of the industry value chain—research and development, network equipment manufacturing, and service delivery—are under pressure to evolve network architectures to support new services while maintaining quality of experience on existing ones.
Viavi’s ONT has been proven in lab testing of 100G components, and now has the industry’s first 400G support to include forward error correction (FEC) and PAM4 modulation. Pioneers of the high-speed network ecosystem now have a comprehensive, integrated platform for design, development and validation of 400G technologies counting CFP8 pluggable 400G optics.
Viavi Solutions Inc (NASDAQ:VIAV) have shown a low EPS growth of -21.40% in the last 5 years and has earnings growth of 1130.00% yoy. Analysts have a mean recommendation of 2.50 on this stock (A rating of less than 2 means buy, “hold” within the 3 range, “sell” within the 4 range, and “strong sell” within the 5 range). The stock appeared -2.11% below its 52-week highs and is up 10.73% for the last five trades.
Shares of PNC Financial Services Group Inc (NYSE:PNC) inclined 0.58% to $123.10. The share price of the stock surged 47.3% for the year.
Analysts give PNC a mean recommendation of 2.40. The company has grown 16.15% in past 3 months and in the last five trades has moved up 0.77%. The stock has earnings growth of 3.90% yoy and showed a high EPS growth of 5.40% over the past five years. The stock’s price moved up its 200-day moving average of $101.33. The stock is presently trading up its SMA-50 of $119.17.