A number of firms have modified their ratings and price targets on shares of Viavi Solutions (NASDAQ: VIAV) recently:

  • 8/16/2017 – Viavi Solutions had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $11.00 price target on the stock.
  • 8/16/2017 – Viavi Solutions had its price target raised by analysts at MKM Partners from $11.00 to $12.00. They now have a “buy” rating on the stock.
  • 8/15/2017 – Viavi Solutions had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $14.00 price target on the stock.
  • 8/14/2017 – Viavi Solutions was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 8/10/2017 – Viavi Solutions had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $14.00 price target on the stock.
  • 8/3/2017 – Viavi Solutions had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $11.00 price target on the stock.
  • 8/1/2017 – Viavi Solutions was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating.
  • 8/1/2017 – Viavi Solutions was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/25/2017 – Viavi Solutions was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/21/2017 – Viavi Solutions was upgraded by analysts at B. Riley from a “neutral” rating to a “buy” rating. They now have a $14.00 price target on the stock.
  • 6/27/2017 – Viavi Solutions was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $12.00 price target on the stock. According to Zacks, “Viavi Solutions Inc. provides software and hardware platforms and instruments for telecommunications service providers, wireless operators, cable operators, network-equipment manufacturers and enterprises. The Company offers installation, commissioning, scripting, custom analytics, integration, business intelligence consulting, operational assistance, field and lab testing, technical training, maintenance, and support services. Its operating segment consists of Network and Service Enablement, Communications and Commercial Optical Products and Optical Security and Performance Products. Viavi Solutions Inc., formerly known as JDS Uniphase Corporation, is based in Milpitas, Calif. “
  • 6/22/2017 – Viavi Solutions had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $11.00 price target on the stock, up previously from $9.50.
  • 6/22/2017 – Viavi Solutions was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

Viavi Solutions Inc. (VIAV) traded down 0.38% during midday trading on Wednesday, hitting $10.59. The company’s stock had a trading volume of 13,667,839 shares. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 29.25 and a beta of 1.36. The company’s 50-day moving average is $10.90 and its 200 day moving average is $10.61. Viavi Solutions Inc. has a one year low of $6.96 and a one year high of $11.89.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings data on Tuesday, August 15th. The communications equipment provider reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. The business had revenue of $198.10 million for the quarter, compared to analyst estimates of $196.22 million. Viavi Solutions had a return on equity of 8.57% and a net margin of 9.83%. The company’s revenue was down 11.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.10 earnings per share. On average, analysts predict that Viavi Solutions Inc. will post $0.36 EPS for the current year.

In other news, SVP Luke M. Scrivanich sold 4,691 shares of the stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $11.39, for a total value of $53,430.49. Following the transaction, the senior vice president now directly owns 22,707 shares of the company’s stock, valued at $258,632.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 9,632 shares of company stock worth $108,000 over the last three months. Corporate insiders own 0.35% of the company’s stock.

Viavi Solutions Inc (Viavi) is a provider of network test, monitoring and assurance solutions to communications service providers, enterprises and their ecosystems. The Company also offers thin film optical coatings, providing light management solutions to anti-counterfeiting, consumer and industrial, government and healthcare and other markets.

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