Viavi Solutions Inc. (NASDAQ:VIAV) Given Consensus Recommendation of “Moderate Buy” by Analysts

Viavi Solutions Inc. (NASDAQ:VIAV) has been assigned a consensus rating of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $12.69.

Several research firms have weighed in on VIAV. Morgan Stanley cut their target price on Viavi Solutions from $10.00 to $8.00 and set an “underweight” rating on the stock in a report on Tuesday, April 8th. B. Riley cut their target price on Viavi Solutions from $12.00 to $11.00 and set a “neutral” rating on the stock in a report on Friday, May 2nd. Rosenblatt Securities restated a “buy” rating and set a $13.50 target price on shares of Viavi Solutions in a report on Friday, June 20th. Needham & Company LLC restated a “buy” rating and set a $15.00 target price on shares of Viavi Solutions in a report on Friday, May 2nd. Finally, UBS Group cut their target price on Viavi Solutions from $11.50 to $11.00 and set a “neutral” rating on the stock in a report on Friday, May 2nd.

Viavi Solutions Price Performance

Shares of NASDAQ:VIAV opened at $10.20 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.32 and a debt-to-equity ratio of 0.54. Viavi Solutions has a 1 year low of $7.03 and a 1 year high of $12.91. The business has a fifty day simple moving average of $9.64 and a 200 day simple moving average of $10.35. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 510.26 and a beta of 0.88.

Insider Activity

In other news, Director Richard Belluzzo sold 8,385 shares of the firm’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $10.02, for a total value of $84,017.70. Following the sale, the director directly owned 242,311 shares of the company’s stock, valued at approximately $2,427,956.22. This trade represents a 3.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.52% of the company’s stock.

Institutional Investors Weigh In On Viavi Solutions

Institutional investors have recently added to or reduced their stakes in the company. Family Legacy Financial Solutions LLC acquired a new stake in Viavi Solutions during the second quarter worth about $43,000. USA Financial Formulas acquired a new stake in Viavi Solutions during the first quarter worth about $53,000. AlphaQuest LLC acquired a new stake in Viavi Solutions during the first quarter worth about $55,000. First Horizon Advisors Inc. boosted its holdings in Viavi Solutions by 29.1% during the first quarter. First Horizon Advisors Inc. now owns 5,046 shares of the communications equipment provider’s stock valued at $56,000 after purchasing an additional 1,138 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its holdings in Viavi Solutions by 804.6% during the fourth quarter. Sterling Capital Management LLC now owns 6,938 shares of the communications equipment provider’s stock valued at $70,000 after purchasing an additional 6,171 shares in the last quarter. 95.54% of the stock is owned by institutional investors and hedge funds.

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.