Viavi Solutions Stock Climbs 24% On An 11-Day Winning Streak
Viavi Solutions (VIAV) stock is on an 11-day winning streak, up 24.2% since the run began. That added about $2.0 billion to the company’s market value, which now stands at about $10.0 billion. The stock closed at $41.92 on Wednesday, September 30, 24.2% below its 52-week high of $55.33 and 241.6% above its low of $12.27.
How The Streak Stacks Up Against The S&P 500
Returns for VIAV and the S&P 500 over the streak and the periods around it, all ending Wednesday, September 30 and including dividends:
| Return Period | VIAV | S&P 500 |
|---|---|---|
| 1 Day | 0.2% | -0.2% |
| 11 Days (Current Streak) | 24.2% | 0.9% |
| 1 Month (21 Trading Days) | 15.5% | -0.3% |
| 3 Months (63 Trading Days) | -10.9% | 2.5% |
| Year To Date | 135.2% | 12.7% |
| 1 Year (252 Trading Days) | 234.2% | 16.2% |
Is This Move About Viavi Solutions Or The Market?
The market explains little of this: the S&P 500 gained 0.9% over the same 11 sessions, including dividends, against Viavi Solutions’ +24.2%. Over the past three months the stock is down 10.9%, a window that includes the streak; over the other 52 sessions of that window it was down 28.3%.
Do The Fundamentals Support The Run?
On the fundamentals, revenue grew 40.0% over the last twelve months, against a median of 17.9% for S&P 500 Information Technology stocks; and its operating margin is 8.0%, versus a median of 21.6%. Viavi Solutions does not have positive trailing earnings, so there is no meaningful price-to-earnings multiple to compare. The read is mixed: revenue growth above the median on one side, margins below the median on the other.
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