BidaskClub upgraded shares of Viavi Solutions (NASDAQ:VIAV) from a hold rating to a buy rating in a research note released on Wednesday.

Several other research analysts also recently issued reports on the stock. B. Riley upped their price target on shares of Viavi Solutions from $12.00 to $13.00 and gave the stock a buy rating in a research report on Monday, August 13th. Needham & Company LLC upgraded shares of Viavi Solutions from a hold rating to a buy rating and set a $13.50 price target on the stock in a research report on Monday, August 13th. ValuEngine upgraded shares of Viavi Solutions from a sell rating to a hold rating in a research report on Thursday, August 2nd. William Blair reiterated a buy rating on shares of Viavi Solutions in a research report on Friday, June 15th. Finally, Deutsche Bank began coverage on shares of Viavi Solutions in a research report on Thursday, June 7th. They set a hold rating and a $10.50 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $11.29.

Shares of NASDAQ VIAV opened at $11.03 on Wednesday. The stock has a market cap of $2.40 billion, a P/E ratio of 44.12, a P/E/G ratio of 1.13 and a beta of 0.98. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.43 and a current ratio of 1.58. Viavi Solutions has a 12-month low of $8.34 and a 12-month high of $11.18.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings results on Tuesday, August 14th. The communications equipment provider reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.03. The business had revenue of $264.00 million for the quarter, compared to the consensus estimate of $255.10 million. Viavi Solutions had a negative net margin of 0.43% and a positive return on equity of 10.74%. The firm’s quarterly revenue was up 33.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.12 EPS. sell-side analysts forecast that Viavi Solutions will post 0.33 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. MetLife Investment Advisors LLC lifted its position in Viavi Solutions by 10.9% during the 2nd quarter. MetLife Investment Advisors LLC now owns 104,090 shares of the communications equipment provider’s stock valued at $1,066,000 after purchasing an additional 10,198 shares during the period. Metropolitan Life Insurance Co. NY lifted its position in Viavi Solutions by 7.2% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 73,365 shares of the communications equipment provider’s stock valued at $751,000 after purchasing an additional 4,958 shares during the period. PEAK6 Investments L.P. acquired a new position in Viavi Solutions during the 2nd quarter valued at about $799,000. Macquarie Group Ltd. lifted its position in Viavi Solutions by 0.3% during the 2nd quarter. Macquarie Group Ltd. now owns 2,786,563 shares of the communications equipment provider’s stock valued at $28,534,000 after purchasing an additional 7,114 shares during the period. Finally, Dorsal Capital Management LLC lifted its position in Viavi Solutions by 31.9% during the 2nd quarter. Dorsal Capital Management LLC now owns 4,750,000 shares of the communications equipment provider’s stock valued at $48,640,000 after purchasing an additional 1,150,000 shares during the period. Institutional investors own 90.06% 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.

Read More: Diversification in Your Portfolio

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.