By otakuyassine3@gmail.com 
Viavi Solutions (NASDAQ:VIAV – Get Free Report) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.
VIAV has been the subject of several other reports. Stifel Nicolaus upped their target price on Viavi Solutions from $10.50 to $12.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Needham & Company LLC reaffirmed a “hold” rating on shares of Viavi Solutions in a research note on Monday, December 16th. UBS Group began coverage on shares of Viavi Solutions in a research report on Tuesday, November 19th. They set a “neutral” rating and a $10.60 target price on the stock. Rosenblatt Securities upped their price target on shares of Viavi Solutions from $8.25 to $10.50 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, Morgan Stanley reiterated an “underweight” rating and set a $9.50 price objective (up from $8.00) on shares of Viavi Solutions in a research note on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $10.44.
Read Our Latest Stock Report on VIAV
Viavi Solutions Stock Up 0.7 %
Shares of VIAV opened at $10.33 on Tuesday. The firm has a market capitalization of $2.29 billion, a P/E ratio of -60.76 and a beta of 0.92. Viavi Solutions has a 12-month low of $6.60 and a 12-month high of $11.49. The firm has a fifty day moving average price of $10.04 and a 200-day moving average price of $8.70. The company has a current ratio of 3.71, a quick ratio of 3.31 and a debt-to-equity ratio of 0.91.
Viavi Solutions (NASDAQ:VIAV – Get Free Report) last issued its earnings results on Thursday, October 31st. The communications equipment provider reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. Viavi Solutions had a negative net margin of 3.78% and a positive return on equity of 2.22%. The business had revenue of $238.20 million for the quarter, compared to the consensus estimate of $240.09 million. During the same period in the prior year, the firm earned $0.05 EPS. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. Equities research analysts expect that Viavi Solutions will post 0.19 earnings per share for the current year.
Insider Transactions at Viavi Solutions
In other Viavi Solutions news, SVP Luke M. Scrivanich sold 2,802 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $10.43, for a total value of $29,224.86. Following the completion of the sale, the senior vice president now directly owns 54,517 shares in the company, valued at approximately $568,612.31. This trade represents a 4.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Masood Jabbar sold 15,000 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $10.14, for a total value of $152,100.00. Following the completion of the sale, the director now directly owns 225,333 shares of the company’s stock, valued at approximately $2,284,876.62. This represents a 6.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,802 shares of company stock valued at $318,875 in the last 90 days. Insiders own 1.52% of the company’s stock.
Hedge Funds Weigh In On Viavi Solutions
Hedge funds have recently modified their holdings of the stock. Federated Hermes Inc. increased its position in shares of Viavi Solutions by 98,561.6% in the 2nd quarter. Federated Hermes Inc. now owns 187,457 shares of the communications equipment provider’s stock valued at $1,288,000 after acquiring an additional 187,267 shares during the period. Louisiana State Employees Retirement System increased its holdings in shares of Viavi Solutions by 1.9% in the second quarter. Louisiana State Employees Retirement System now owns 112,300 shares of the communications equipment provider’s stock valued at $772,000 after purchasing an additional 2,100 shares during the period. Leeward Investments LLC MA increased its holdings in shares of Viavi Solutions by 17.1% in the third quarter. Leeward Investments LLC MA now owns 1,705,653 shares of the communications equipment provider’s stock valued at $15,385,000 after purchasing an additional 249,554 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Viavi Solutions by 7.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,194,959 shares of the communications equipment provider’s stock worth $28,819,000 after purchasing an additional 217,399 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Viavi Solutions during the third quarter worth about $105,000. Institutional investors and hedge funds own 95.54% of the company’s stock.
About Viavi Solutions
Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.
Further Reading
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