By otakuyassine3@gmail.com 
Viavi Solutions (NASDAQ:VIAV – Get Free Report) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Monday.
Other equities research analysts have also issued research reports about the company. Northland Securities reaffirmed an “outperform” rating and set a $14.00 price target (up previously from $13.00) on shares of Viavi Solutions in a research report on Friday. Stifel Nicolaus reaffirmed a “buy” rating and set a $13.00 price target (up previously from $12.00) on shares of Viavi Solutions in a research report on Friday. Morgan Stanley boosted their price objective on shares of Viavi Solutions from $9.50 to $10.00 and gave the stock an “underweight” rating in a research note on Friday. UBS Group upped their price objective on Viavi Solutions from $10.60 to $11.50 and gave the company a “neutral” rating in a research note on Friday. Finally, Needham & Company LLC raised shares of Viavi Solutions from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Friday. One research analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Viavi Solutions has an average rating of “Moderate Buy” and a consensus target price of $11.88.
Check Out Our Latest Analysis on VIAV
Viavi Solutions Price Performance
VIAV stock traded up $0.29 during trading on Monday, hitting $12.33. The company had a trading volume of 5,595,203 shares, compared to its average volume of 2,455,141. The company has a market cap of $2.73 billion, a P/E ratio of -68.50 and a beta of 0.92. The company has a current ratio of 3.55, a quick ratio of 3.18 and a debt-to-equity ratio of 0.94. The company has a fifty day moving average price of $10.34 and a two-hundred day moving average price of $9.30. Viavi Solutions has a fifty-two week low of $6.60 and a fifty-two week high of $12.91.
Viavi Solutions (NASDAQ:VIAV – Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The communications equipment provider reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. Viavi Solutions had a positive return on equity of 2.90% and a negative net margin of 3.87%. The firm had revenue of $238.20 million for the quarter, compared to analyst estimates of $240.09 million. During the same period last year, the company earned $0.05 EPS. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. Equities research analysts expect that Viavi Solutions will post 0.18 earnings per share for the current fiscal year.
Insider Activity at Viavi Solutions
In other Viavi Solutions news, Director Masood Jabbar sold 15,000 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $10.14, for a total transaction of $152,100.00. Following the completion of the transaction, the director now owns 225,333 shares of the company’s stock, valued at $2,284,876.62. This represents a 6.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Luke M. Scrivanich sold 2,802 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $10.43, for a total value of $29,224.86. Following the sale, the senior vice president now owns 54,517 shares in the company, valued at $568,612.31. The trade was a 4.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 47,802 shares of company stock worth $481,625 over the last quarter. Company insiders own 1.52% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Capital Performance Advisors LLP purchased a new stake in Viavi Solutions in the third quarter valued at $25,000. Venturi Wealth Management LLC purchased a new position in Viavi Solutions during the fourth quarter worth approximately $75,000. KBC Group NV grew its holdings in Viavi Solutions by 53.0% in the 3rd quarter. KBC Group NV now owns 9,388 shares of the communications equipment provider’s stock valued at $85,000 after buying an additional 3,252 shares in the last quarter. Gilbert & Cook Inc. purchased a new position in shares of Viavi Solutions during the 3rd quarter worth $95,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Viavi Solutions during the 2nd quarter valued at about $76,000. 95.54% of the stock is currently owned by hedge funds and other institutional investors.
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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