Rosenblatt Securities Lowers Viavi Solutions (NASDAQ:VIAV) Price Target to $10.00

Viavi Solutions (NASDAQ:VIAV) had its target price lowered by Rosenblatt Securities from $13.00 to $10.00 in a research report report published on Friday, Benzinga reports. The firm currently has a buy rating on the communications equipment provider’s stock.

Other research analysts have also recently issued reports about the stock. StockNews.com raised shares of Viavi Solutions from a hold rating to a buy rating in a research report on Friday, April 12th. Northland Securities boosted their price objective on Viavi Solutions from $12.00 to $17.00 and gave the stock an outperform rating in a research note on Wednesday, March 6th. Needham & Company LLC restated a hold rating on shares of Viavi Solutions in a report on Friday. Susquehanna boosted their target price on shares of Viavi Solutions from $12.00 to $14.00 and gave the stock a positive rating in a research report on Thursday, March 7th. Finally, Morgan Stanley raised their price target on shares of Viavi Solutions from $9.00 to $11.00 and gave the company an equal weight rating in a report on Wednesday, March 6th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $12.00.

Viavi Solutions Price Performance

Viavi Solutions stock opened at $7.56 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.09 and a quick ratio of 2.72. The stock has a market capitalization of $1.68 billion, a P/E ratio of -378.00 and a beta of 0.97. The firm’s 50-day moving average is $9.11 and its two-hundred day moving average is $9.05. Viavi Solutions has a 12-month low of $7.10 and a 12-month high of $11.65.

Viavi Solutions (NASDAQ:VIAV) last released its earnings results on Thursday, May 2nd. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). The company had revenue of $246.00 million during the quarter, compared to analyst estimates of $249.08 million. Viavi Solutions had a positive return on equity of 4.66% and a negative net margin of 0.42%. Viavi Solutions’s revenue was down .7% on a year-over-year basis. During the same period in the prior year, the business posted $0.02 earnings per share. Equities analysts predict that Viavi Solutions will post 0.22 earnings per share for the current year.

Insider Buying and Selling at Viavi Solutions

In other Viavi Solutions news, EVP Paul Mcnab sold 15,004 shares of Viavi Solutions stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $10.62, for a total value of $159,342.48. Following the completion of the transaction, the executive vice president now directly owns 57,940 shares in the company, valued at $615,322.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Viavi Solutions news, EVP Paul Mcnab sold 15,004 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $10.62, for a total value of $159,342.48. Following the completion of the transaction, the executive vice president now owns 57,940 shares in the company, valued at approximately $615,322.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Kevin Christopher Siebert sold 13,967 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $10.70, for a total value of $149,446.90. Following the completion of the transaction, the senior vice president now directly owns 47,097 shares of the company’s stock, valued at $503,937.90. The disclosure for this sale can be found here. 1.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Viavi Solutions

Institutional investors and hedge funds have recently bought and sold shares of the business. Essex Investment Management Co. LLC acquired a new stake in shares of Viavi Solutions during the 1st quarter valued at $1,916,000. Mutual of America Capital Management LLC boosted its position in shares of Viavi Solutions by 423.6% in the 1st quarter. Mutual of America Capital Management LLC now owns 203,814 shares of the communications equipment provider’s stock valued at $1,853,000 after purchasing an additional 164,889 shares during the period. Sequoia Financial Advisors LLC increased its stake in Viavi Solutions by 11.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 17,326 shares of the communications equipment provider’s stock worth $157,000 after purchasing an additional 1,756 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Viavi Solutions by 98.2% during the 1st quarter. Assenagon Asset Management S.A. now owns 2,070,353 shares of the communications equipment provider’s stock worth $18,820,000 after buying an additional 1,025,987 shares during the period. Finally, Tributary Capital Management LLC lifted its stake in Viavi Solutions by 0.4% during the first quarter. Tributary Capital Management LLC now owns 1,281,988 shares of the communications equipment provider’s stock valued at $11,653,000 after buying an additional 5,505 shares in the last quarter. 95.54% of the stock is owned by institutional investors and hedge funds.

Viavi Solutions Company Profile

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.