Viavi Solutions Inc. (NASDAQ:VIAV) Receives $10.44 Average Target Price from Analysts

Shares of Viavi Solutions Inc. (NASDAQ:VIAV) have been given an average rating of “Hold” by the nine analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $10.44.

A number of research firms have recently issued reports on VIAV. Rosenblatt Securities increased their target price on Viavi Solutions from $8.25 to $10.50 and gave the company a “neutral” rating in a report on Friday, November 1st. Needham & Company LLC restated a “hold” rating on shares of Viavi Solutions in a report on Monday, December 16th. StockNews.com upgraded Viavi Solutions from a “hold” rating to a “buy” rating in a report on Thursday, January 9th. Stifel Nicolaus increased their target price on Viavi Solutions from $10.50 to $12.00 and gave the company a “buy” rating in a report on Monday, December 16th. Finally, Northland Securities increased their price objective on Viavi Solutions from $11.00 to $13.00 and gave the stock an “outperform” rating in a report on Friday, November 1st.

Insider Activity

In other Viavi Solutions news, SVP Luke M. Scrivanich sold 2,802 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $10.43, for a total transaction of $29,224.86. Following the completion of the transaction, the senior vice president now owns 54,517 shares in the company, valued at $568,612.31. This trade represents a 4.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Masood Jabbar sold 30,000 shares of Viavi Solutions stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $10.01, for a total transaction of $300,300.00. Following the completion of the transaction, the director now owns 180,333 shares of the company’s stock, valued at $1,805,133.33. This trade represents a 14.26 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,802 shares of company stock valued at $481,625. 1.52% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in Viavi Solutions by 12.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,818,337 shares of the communications equipment provider’s stock worth $39,972,000 after purchasing an additional 661,450 shares during the last quarter. Geode Capital Management LLC grew its holdings in Viavi Solutions by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 5,307,974 shares of the communications equipment provider’s stock worth $47,887,000 after acquiring an additional 54,633 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Viavi Solutions by 7.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,194,959 shares of the communications equipment provider’s stock worth $28,819,000 after acquiring an additional 217,399 shares during the period. Leeward Investments LLC MA grew its holdings in Viavi Solutions by 17.1% during the 3rd quarter. Leeward Investments LLC MA now owns 1,705,653 shares of the communications equipment provider’s stock worth $15,385,000 after acquiring an additional 249,554 shares during the period. Finally, Tributary Capital Management LLC grew its holdings in Viavi Solutions by 14.5% during the 4th quarter. Tributary Capital Management LLC now owns 1,277,654 shares of the communications equipment provider’s stock worth $12,904,000 after acquiring an additional 161,532 shares during the period. Institutional investors own 95.54% of the company’s stock.

Viavi Solutions Stock Performance

Shares of NASDAQ VIAV opened at $9.90 on Friday. The firm has a market cap of $2.20 billion, a P/E ratio of -58.23 and a beta of 0.91. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.31 and a current ratio of 3.71. The stock has a fifty day moving average price of $10.26 and a two-hundred day moving average price of $9.21. Viavi Solutions has a 1 year low of $6.60 and a 1 year high of $11.49.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings data on Thursday, October 31st. The communications equipment provider reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. The business had revenue of $238.20 million during the quarter, compared to analyst estimates of $240.09 million. Viavi Solutions had a positive return on equity of 2.22% and a negative net margin of 3.78%. The company’s revenue was down 3.9% compared to the same quarter last year. During the same period last year, the company posted $0.05 EPS. Research analysts forecast that Viavi Solutions will post 0.19 EPS for the current fiscal year.

Viavi Solutions Company Profile

Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.