Viavi Solutions (NASDAQ:VIAV) was upgraded by Loop Capital from a “hold” rating to a “buy” rating in a note issued to investors on Monday, The Fly reports.

A number of other equities analysts have also recently weighed in on VIAV. Stifel Nicolaus upgraded Viavi Solutions from a “hold” rating to a “buy” rating and increased their price target for the stock from $10.00 to $12.00 in a report on Friday. Morgan Stanley increased their price target on Viavi Solutions from $9.00 to $10.50 and gave the stock an “equal weight” rating in a report on Friday. Zacks Investment Research cut Viavi Solutions from a “hold” rating to a “sell” rating in a report on Thursday, November 2nd. Rosenblatt Securities set a $13.00 price target on Viavi Solutions and gave the stock a “buy” rating in a report on Wednesday, December 13th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Viavi Solutions in a report on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. Viavi Solutions presently has an average rating of “Hold” and an average price target of $11.93.

Shares of Viavi Solutions (NASDAQ:VIAV) opened at $10.00 on Monday. The company has a quick ratio of 2.06, a current ratio of 2.18 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $2,274.22, a price-to-earnings ratio of 76.93, a price-to-earnings-growth ratio of 1.64 and a beta of 1.11. Viavi Solutions has a twelve month low of $8.34 and a twelve month high of $11.89.

Viavi Solutions (NASDAQ:VIAV) last issued its earnings results on Thursday, February 1st. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.02. The company had revenue of $201.80 million during the quarter, compared to analysts’ expectations of $185.80 million. Viavi Solutions had a return on equity of 9.60% and a net margin of 3.94%. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.10 EPS. equities research analysts anticipate that Viavi Solutions will post 0.31 earnings per share for the current year.

In related news, SVP Luke M. Scrivanich sold 3,920 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $8.97, for a total transaction of $35,162.40. Following the completion of the transaction, the senior vice president now directly owns 27,629 shares in the company, valued at approximately $247,832.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Paul Mcnab sold 3,003 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $9.05, for a total value of $27,177.15. The disclosure for this sale can be found here. Insiders have sold a total of 33,710 shares of company stock valued at $303,444 over the last 90 days. 0.59% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. Hartford Investment Management Co. purchased a new position in Viavi Solutions during the 3rd quarter valued at about $102,000. US Bancorp DE boosted its holdings in Viavi Solutions by 635.8% during the 4th quarter. US Bancorp DE now owns 12,214 shares of the communications equipment provider’s stock valued at $107,000 after acquiring an additional 10,554 shares during the period. Commonwealth Equity Services Inc purchased a new position in Viavi Solutions during the 3rd quarter valued at about $111,000. Sciencast Management LP purchased a new position in Viavi Solutions during the 2nd quarter valued at about $146,000. Finally, LMR Partners LLP purchased a new position in Viavi Solutions during the 4th quarter valued at about $195,000. Institutional investors own 92.82% of the company’s stock.

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About Viavi Solutions

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.

The Fly

Analyst Recommendations for Viavi Solutions (NASDAQ:VIAV)

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