Viavi Solutions Inc. (NASDAQ:VIAV) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Viavi Solutions Inc. (NASDAQ:VIAVGet Free Report) have been assigned a consensus rating of “Moderate Buy” from the seven analysts that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $12.00.

Several equities analysts recently commented on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Viavi Solutions in a research note on Friday, May 3rd. Morgan Stanley increased their price objective on Viavi Solutions from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 6th. Stifel Nicolaus restated a “buy” rating and set a $13.00 target price on shares of Viavi Solutions in a research report on Monday, April 1st. Argus raised Viavi Solutions to a “strong-buy” rating in a report on Thursday, May 9th. Finally, Rosenblatt Securities dropped their price target on Viavi Solutions from $13.00 to $10.00 and set a “buy” rating for the company in a research report on Friday, May 3rd.

Read Our Latest Stock Analysis on Viavi Solutions

Viavi Solutions Trading Up 0.7 %

Shares of VIAV stock opened at $7.53 on Friday. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of -376.50 and a beta of 0.94. The company’s fifty day simple moving average is $7.72 and its two-hundred day simple moving average is $8.96. Viavi Solutions has a 1 year low of $7.10 and a 1 year high of $11.65. The company has a debt-to-equity ratio of 0.90, a current ratio of 3.81 and a quick ratio of 3.35.

Viavi Solutions (NASDAQ:VIAVGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The company had revenue of $246.00 million for the quarter, compared to analysts’ expectations of $249.08 million. Viavi Solutions had a positive return on equity of 4.65% and a negative net margin of 0.42%. The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the company posted $0.02 EPS. As a group, analysts anticipate that Viavi Solutions will post 0.12 earnings per share for the current year.

Insider Buying and Selling at Viavi Solutions

In other news, EVP Paul Mcnab sold 4,762 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $7.35, for a total value of $35,000.70. Following the completion of the sale, the executive vice president now owns 49,777 shares of the company’s stock, valued at approximately $365,860.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 14,985 shares of company stock worth $109,969 over the last ninety days. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Viavi Solutions

Hedge funds and other institutional investors have recently modified their holdings of the stock. Headlands Technologies LLC bought a new position in Viavi Solutions during the 1st quarter worth approximately $55,000. Park Avenue Securities LLC purchased a new position in shares of Viavi Solutions in the first quarter worth $99,000. Versor Investments LP bought a new stake in Viavi Solutions during the 4th quarter valued at $110,000. Quadrant Capital Group LLC boosted its position in Viavi Solutions by 49.0% during the 4th quarter. Quadrant Capital Group LLC now owns 12,019 shares of the communications equipment provider’s stock valued at $121,000 after buying an additional 3,952 shares during the period. Finally, Heritage Wealth Management LLC bought a new stake in Viavi Solutions in the 4th quarter worth $150,000. Institutional investors own 95.54% of the company’s stock.

Viavi Solutions Company Profile

(Get Free Report

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.

Read More

Analyst Recommendations for Viavi Solutions (NASDAQ:VIAV)

Receive News & Ratings for Viavi Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viavi Solutions and related companies with MarketBeat.com's FREE daily email newsletter.