Viavi Solutions (NASDAQ:VIAV) Upgraded by StockNews.com to “Strong-Buy” Rating

StockNews.com upgraded shares of Viavi Solutions (NASDAQ:VIAV) from a buy rating to a strong-buy rating in a research report sent to investors on Monday morning.

A number of other equities analysts have also commented on VIAV. B. Riley cut their price objective on shares of Viavi Solutions from $12.00 to $11.00 and set a “neutral” rating for the company in a research report on Friday. Morgan Stanley reduced their price target on shares of Viavi Solutions from $10.00 to $8.00 and set an “underweight” rating for the company in a research report on Tuesday, April 8th. UBS Group lowered their price objective on Viavi Solutions from $11.50 to $11.00 and set a “neutral” rating on the stock in a research report on Friday. Rosenblatt Securities boosted their target price on Viavi Solutions from $12.00 to $13.50 and gave the stock a “buy” rating in a research report on Friday. Finally, Argus raised their price target on Viavi Solutions from $13.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $12.69.

Viavi Solutions Stock Performance

NASDAQ:VIAV opened at $9.03 on Monday. Viavi Solutions has a 52-week low of $6.60 and a 52-week high of $12.91. The business’s fifty day moving average is $10.59 and its 200 day moving average is $10.54. The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.18 and a current ratio of 3.55. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of -50.16 and a beta of 0.92.

Insider Activity

In other news, SVP Luke M. Scrivanich sold 14,323 shares of Viavi Solutions stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $11.24, for a total value of $160,990.52. Following the transaction, the senior vice president now owns 55,877 shares in the company, valued at approximately $628,057.48. The trade was a 20.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Paul Mcnab sold 9,034 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $11.09, for a total value of $100,187.06. Following the sale, the executive vice president now owns 38,775 shares of the company’s stock, valued at $430,014.75. This represents a 18.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 37,164 shares of company stock worth $411,122. 1.52% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Viavi Solutions

A number of large investors have recently bought and sold shares of VIAV. Barclays PLC increased its position in shares of Viavi Solutions by 4.4% in the third quarter. Barclays PLC now owns 538,261 shares of the communications equipment provider’s stock valued at $4,856,000 after acquiring an additional 22,893 shares during the period. JPMorgan Chase & Co. increased its holdings in Viavi Solutions by 39.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 545,446 shares of the communications equipment provider’s stock valued at $4,920,000 after purchasing an additional 153,745 shares during the period. Harbor Capital Advisors Inc. raised its position in Viavi Solutions by 5.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 43,732 shares of the communications equipment provider’s stock valued at $442,000 after purchasing an additional 2,277 shares during the last quarter. Moody National Bank Trust Division purchased a new stake in Viavi Solutions in the 4th quarter worth approximately $651,000. Finally, Park Avenue Securities LLC increased its stake in shares of Viavi Solutions by 15.4% during the fourth quarter. Park Avenue Securities LLC now owns 13,442 shares of the communications equipment provider’s stock valued at $136,000 after buying an additional 1,792 shares during the period. 95.54% of the stock is owned by hedge funds and other institutional investors.

Viavi Solutions Company Profile

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.