Viavi Solutions (NASDAQ:VIAV) Rating Increased to Buy at StockNews.com

Viavi Solutions (NASDAQ:VIAV) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

A number of other equities research analysts have also weighed in on the company. Morgan Stanley lifted their price objective on Viavi Solutions from $9.00 to $11.00 and gave the company an “equal weight” rating in a report on Wednesday, March 6th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Viavi Solutions in a report on Monday, April 1st. Rosenblatt Securities lowered their price objective on Viavi Solutions from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, April 3rd. Susquehanna lifted their price objective on Viavi Solutions from $12.00 to $14.00 and gave the company a “positive” rating in a report on Thursday, March 7th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Viavi Solutions in a report on Monday, April 1st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Viavi Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $13.17.

Viavi Solutions Stock Performance

NASDAQ VIAV opened at $8.52 on Friday. The company has a quick ratio of 2.72, a current ratio of 3.09 and a debt-to-equity ratio of 0.87. Viavi Solutions has a 52-week low of $7.26 and a 52-week high of $11.65. The business’s 50-day moving average price is $9.54 and its 200 day moving average price is $9.09. The firm has a market cap of $1.90 billion, a P/E ratio of 426.00 and a beta of 0.95.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings results on Thursday, February 1st. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. Viavi Solutions had a return on equity of 5.38% and a net margin of 0.49%. The firm had revenue of $254.50 million for the quarter, compared to analyst estimates of $249.77 million. On average, equities research analysts expect that Viavi Solutions will post 0.22 earnings per share for the current year.

Insider Activity

In other news, EVP Paul Mcnab sold 15,004 shares of Viavi Solutions stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $10.62, for a total transaction of $159,342.48. Following the completion of the sale, the executive vice president now directly owns 57,940 shares in the company, valued at approximately $615,322.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, SVP Kevin Christopher Siebert sold 13,967 shares of Viavi Solutions stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $10.70, for a total transaction of $149,446.90. Following the completion of the transaction, the senior vice president now directly owns 47,097 shares in the company, valued at approximately $503,937.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Paul Mcnab sold 15,004 shares of Viavi Solutions stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $10.62, for a total value of $159,342.48. Following the transaction, the executive vice president now owns 57,940 shares of the company’s stock, valued at $615,322.80. The disclosure for this sale can be found here. In the last three months, insiders sold 30,093 shares of company stock worth $319,841. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Lazard Asset Management LLC raised its position in shares of Viavi Solutions by 2,189.8% during the 4th quarter. Lazard Asset Management LLC now owns 3,137 shares of the communications equipment provider’s stock worth $32,000 after purchasing an additional 3,000 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in Viavi Solutions in the 3rd quarter worth approximately $92,000. Vanguard Personalized Indexing Management LLC purchased a new stake in Viavi Solutions in the 2nd quarter worth approximately $140,000. Park Avenue Securities LLC purchased a new stake in Viavi Solutions in the 1st quarter worth approximately $99,000. Finally, Versor Investments LP purchased a new stake in Viavi Solutions in the 4th quarter worth approximately $110,000. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Viavi Solutions Company Profile

Viavi Solutions Inc provides network test, monitoring, and assurance solutions for communications service providers, hyperscalers, network equipment manufacturers, original equipment manufacturers, government, and avionics customers in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.