Viavi Solutions Inc. (VIAV - Free Report) was a big mover last session, as the company saw its shares rise more than 15% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $8.54 to $9.04 in the past one-month time frame.
The move came after the company announced its second-quarter fiscal 2018 results. The company has also signed an agreement to buy the Test and Measurement business of Cobham plc.
The company has seen a flat track record when it comes to estimate revisions over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Viavi Solutions currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
A better-ranked stock in the Computer and Technology sector is Arista Networks, Inc. (ANET - Free Report) , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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