Viavi Solutions Inc. (NASDAQ:VIAV) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Viavi Solutions Inc. (NASDAQ:VIAV) have earned an average recommendation of “Moderate Buy” from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $10.42.

A number of research firms have weighed in on VIAV. Northland Securities raised their price objective on shares of Viavi Solutions from $11.00 to $13.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Rosenblatt Securities upped their price objective on Viavi Solutions from $8.25 to $10.50 and gave the company a “neutral” rating in a research report on Friday, November 1st. StockNews.com downgraded Viavi Solutions from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. Needham & Company LLC restated a “hold” rating on shares of Viavi Solutions in a research note on Friday, November 1st. Finally, Stifel Nicolaus dropped their price objective on Viavi Solutions from $13.00 to $10.50 and set a “buy” rating on the stock in a research report on Tuesday, August 6th.

Viavi Solutions Stock Performance

Shares of VIAV opened at $10.53 on Monday. Viavi Solutions has a 52 week low of $6.60 and a 52 week high of $11.32. The company has a quick ratio of 3.31, a current ratio of 3.71 and a debt-to-equity ratio of 0.91. The stock has a market cap of $2.34 billion, a P/E ratio of -61.94 and a beta of 0.90. The business’s 50 day moving average price is $8.97 and its 200-day moving average price is $8.08.

Viavi Solutions (NASDAQ:VIAV) last released its earnings results on Thursday, October 31st. The communications equipment provider reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. The business had revenue of $238.20 million for the quarter, compared to the consensus estimate of $240.09 million. Viavi Solutions had a positive return on equity of 2.22% and a negative net margin of 3.78%. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.05 earnings per share. Equities research analysts anticipate that Viavi Solutions will post 0.17 earnings per share for the current fiscal year.

Insider Buying and Selling at Viavi Solutions

In other news, EVP Paul Mcnab sold 7,324 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $7.52, for a total value of $55,076.48. Following the transaction, the executive vice president now owns 35,631 shares in the company, valued at $267,945.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Masood Jabbar sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $8.17, for a total value of $245,100.00. Following the transaction, the director now owns 243,514 shares of the company’s stock, valued at $1,989,509.38. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Paul Mcnab sold 7,324 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $7.52, for a total value of $55,076.48. Following the transaction, the executive vice president now owns 35,631 shares of the company’s stock, valued at approximately $267,945.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 85,976 shares of company stock worth $720,562 in the last three months. 1.52% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Viavi Solutions

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Viavi Solutions by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 29,148,414 shares of the communications equipment provider’s stock valued at $264,959,000 after buying an additional 408,484 shares in the last quarter. Capital World Investors raised its holdings in Viavi Solutions by 305.4% during the first quarter. Capital World Investors now owns 12,161,535 shares of the communications equipment provider’s stock valued at $110,548,000 after acquiring an additional 9,161,535 shares during the period. Westwood Holdings Group Inc. lifted its position in shares of Viavi Solutions by 9.2% in the second quarter. Westwood Holdings Group Inc. now owns 7,203,703 shares of the communications equipment provider’s stock valued at $49,489,000 after acquiring an additional 606,522 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Viavi Solutions by 12.8% in the second quarter. Dimensional Fund Advisors LP now owns 5,818,337 shares of the communications equipment provider’s stock worth $39,972,000 after acquiring an additional 661,450 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Viavi Solutions by 65.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,290,197 shares of the communications equipment provider’s stock valued at $22,604,000 after purchasing an additional 1,298,394 shares during the period. 95.54% of the stock is currently owned by institutional investors.

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.