Viavi Solutions Inc. (NASDAQ:VIAV) Receives Consensus Rating of “Moderate Buy” from Analysts

Viavi Solutions Inc. (NASDAQ:VIAV) has been given a consensus recommendation of “Moderate Buy” by the six brokerages that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $13.60.

Several research firms recently weighed in on VIAV. Needham & Company LLC restated a “hold” rating on shares of Viavi Solutions in a report on Monday, April 1st. Morgan Stanley boosted their target price on shares of Viavi Solutions from $9.00 to $11.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 6th. Susquehanna boosted their target price on shares of Viavi Solutions from $12.00 to $14.00 and gave the company a “positive” rating in a research note on Thursday, March 7th. Rosenblatt Securities dropped their target price on shares of Viavi Solutions from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, April 3rd. Finally, StockNews.com upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research note on Friday, April 12th.

Insider Transactions at Viavi Solutions

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Assenagon Asset Management S.A. increased its stake in Viavi Solutions by 98.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 2,070,353 shares of the communications equipment provider’s stock valued at $18,820,000 after purchasing an additional 1,025,987 shares in the last quarter. Tributary Capital Management LLC lifted its holdings in Viavi Solutions by 0.4% during the first quarter. Tributary Capital Management LLC now owns 1,281,988 shares of the communications equipment provider’s stock valued at $11,653,000 after purchasing an additional 5,505 shares in the last quarter. Park Avenue Securities LLC purchased a new position in Viavi Solutions during the first quarter valued at approximately $99,000. PNC Financial Services Group Inc. lifted its holdings in Viavi Solutions by 7.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 60,671 shares of the communications equipment provider’s stock valued at $611,000 after purchasing an additional 4,028 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Viavi Solutions by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 28,739,930 shares of the communications equipment provider’s stock worth $289,411,000 after buying an additional 451,354 shares in the last quarter. 95.54% of the stock is currently owned by institutional investors.

Viavi Solutions Stock Down 0.2 %

Viavi Solutions stock opened at $7.99 on Thursday. Viavi Solutions has a fifty-two week low of $7.26 and a fifty-two week high of $11.65. The stock has a market cap of $1.78 billion, a PE ratio of 399.50 and a beta of 0.95. The firm’s 50-day simple moving average is $9.38 and its 200 day simple moving average is $9.06. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.72 and a current ratio of 3.09.

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

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.