BidaskClub downgraded shares of Viavi Solutions (NASDAQ:VIAV) from a strong-buy rating to a buy rating in a report released on Wednesday.

Other research analysts have also recently issued research reports about the company. TheStreet upgraded Viavi Solutions from a c rating to a b- rating in a research report on Wednesday, February 6th. Rosenblatt Securities reissued a buy rating and issued a $15.00 target price on shares of Viavi Solutions in a report on Sunday, February 10th. Zacks Investment Research raised Viavi Solutions from a hold rating to a buy rating and set a $13.00 target price on the stock in a report on Saturday, February 9th. ValuEngine raised Viavi Solutions from a hold rating to a buy rating in a report on Monday, February 4th. Finally, Northland Securities began coverage on Viavi Solutions in a report on Tuesday, February 12th. They issued an outperform rating and a $15.00 target price on the stock. One research analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $12.88.

NASDAQ:VIAV opened at $12.23 on Wednesday. The firm has a market capitalization of $2.79 billion, a price-to-earnings ratio of 35.97 and a beta of 0.90. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.99 and a quick ratio of 2.70. Viavi Solutions has a 1 year low of $9.11 and a 1 year high of $13.48.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings data on Tuesday, February 5th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.06. The firm had revenue of $298.40 million during the quarter, compared to analysts’ expectations of $280.93 million. Viavi Solutions had a positive return on equity of 15.82% and a negative net margin of 3.76%. Viavi Solutions’s revenue was up 47.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.09 earnings per share. As a group, sell-side analysts anticipate that Viavi Solutions will post 0.55 EPS for the current year.

In other Viavi Solutions news, SVP Luke M. Scrivanich sold 4,810 shares of the company’s stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $13.29, for a total value of $63,924.90. Following the sale, the senior vice president now owns 45,456 shares of the company’s stock, valued at $604,110.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 6,915 shares of company stock worth $91,685 in the last three months. 0.50% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc boosted its stake in shares of Viavi Solutions by 1.8% during the third quarter. Vanguard Group Inc now owns 23,357,949 shares of the communications equipment provider’s stock valued at $264,879,000 after acquiring an additional 418,120 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Viavi Solutions by 7.0% during the fourth quarter. Arizona State Retirement System now owns 351,767 shares of the communications equipment provider’s stock valued at $3,535,000 after acquiring an additional 22,892 shares during the last quarter. Manatuck Hill Partners LLC boosted its stake in shares of Viavi Solutions by 277.1% during the third quarter. Manatuck Hill Partners LLC now owns 377,100 shares of the communications equipment provider’s stock valued at $4,276,000 after acquiring an additional 277,100 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Viavi Solutions by 11.1% during the fourth quarter. Victory Capital Management Inc. now owns 2,472,725 shares of the communications equipment provider’s stock valued at $24,851,000 after acquiring an additional 247,285 shares during the last quarter. Finally, Loomis Sayles & Co. L P boosted its stake in shares of Viavi Solutions by 3.0% during the third quarter. Loomis Sayles & Co. L P now owns 1,001,484 shares of the communications equipment provider’s stock valued at $11,357,000 after acquiring an additional 29,590 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors.

About Viavi Solutions

Viavi Solutions Inc provides network test, monitoring, and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil government, military, and avionics customers worldwide. The company operates through Network Enablement, Service Enablement, and Optical Security and Performance Products segments.

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Analyst Recommendations for Viavi Solutions (NASDAQ:VIAV)

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