Shares of Viavi Solutions Inc (NASDAQ:VIAV) have received an average rating of “Buy” from the thirteen research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $11.32.

A number of research firms recently commented on VIAV. BidaskClub upgraded Viavi Solutions from a “hold” rating to a “buy” rating in a research note on Wednesday, August 15th. B. Riley lifted their target price on Viavi Solutions from $12.00 to $13.00 and gave the company a “buy” rating in a research note on Monday, August 13th. Needham & Company LLC upgraded Viavi Solutions from a “hold” rating to a “buy” rating and set a $13.50 target price for the company in a research note on Monday, August 13th. William Blair restated a “buy” rating on shares of Viavi Solutions in a research note on Wednesday, August 15th. Finally, Zacks Investment Research downgraded Viavi Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, May 22nd.

NASDAQ:VIAV traded up $0.15 during mid-day trading on Friday, reaching $11.30. The stock had a trading volume of 3,707,494 shares, compared to its average volume of 2,514,767. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 33.24 and a beta of 0.94. Viavi Solutions has a 1-year low of $8.34 and a 1-year high of $11.55. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.43 and a current ratio of 2.05.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings results on Tuesday, August 14th. The communications equipment provider reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.03. The business had revenue of $264.00 million during the quarter, compared to the consensus estimate of $255.10 million. Viavi Solutions had a positive return on equity of 11.57% and a negative net margin of 5.22%. The company’s revenue for the quarter was up 33.3% compared to the same quarter last year. During the same period last year, the firm earned $0.12 earnings per share. equities research analysts forecast that Viavi Solutions will post 0.46 EPS for the current fiscal year.

In other Viavi Solutions news, SVP Ralph Rondinone sold 4,949 shares of Viavi Solutions stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $11.43, for a total value of $56,567.07. Following the completion of the transaction, the senior vice president now directly owns 24,695 shares in the company, valued at $282,263.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.59% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Koch Industries Inc. acquired a new position in shares of Viavi Solutions during the first quarter worth approximately $104,000. Raymond James & Associates acquired a new position in shares of Viavi Solutions during the second quarter worth approximately $109,000. Element Capital Management LLC acquired a new position in shares of Viavi Solutions during the first quarter worth approximately $139,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Viavi Solutions during the first quarter worth approximately $173,000. Finally, US Bancorp DE boosted its position in shares of Viavi Solutions by 49.5% during the first quarter. US Bancorp DE now owns 18,254 shares of the communications equipment provider’s stock worth $177,000 after buying an additional 6,040 shares during the period. Institutional investors own 91.18% of the company’s stock.

About Viavi Solutions

Viavi Solutions Inc provides network test, monitoring, and assurance solutions to communications service providers, and enterprises and their ecosystems worldwide. The company operates through Network Enablement, Service Enablement, and Optical Security and Performance Products segments. The Network Enablement segment offers testing solutions that access the network to perform build-out and maintenance tasks.

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Analyst Recommendations for Viavi Solutions (NASDAQ:VIAV)

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