Viavi Solutions Inc. (NASDAQ:VIAV) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Viavi Solutions Inc. (NASDAQ:VIAV) have been assigned a consensus rating of “Moderate Buy” from the eight research firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $12.69.

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $13.00 price target (up from $12.00) on shares of Viavi Solutions in a research note on Friday, January 31st. Argus lifted their target price on shares of Viavi Solutions from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. Morgan Stanley dropped their price target on shares of Viavi Solutions from $10.00 to $8.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 8th. UBS Group lowered their target price on shares of Viavi Solutions from $11.50 to $11.00 and set a “neutral” rating on the stock in a research report on Friday, May 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 price target on shares of Viavi Solutions in a research report on Friday, May 2nd.

Insiders Place Their Bets

In related news, SVP James L. Veler, Jr. sold 13,807 shares of the business’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $10.86, for a total transaction of $149,944.02. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Luke M. Scrivanich sold 14,323 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $11.24, for a total value of $160,990.52. Following the sale, the senior vice president now owns 55,877 shares in the company, valued at approximately $628,057.48. This represents a 20.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 45,549 shares of company stock valued at $485,916 in the last quarter. Insiders own 1.52% of the company’s stock.

Hedge Funds Weigh In On Viavi Solutions

A number of hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its holdings in shares of Viavi Solutions by 4.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,334,893 shares of the communications equipment provider’s stock worth $33,682,000 after purchasing an additional 139,934 shares during the last quarter. Amundi boosted its position in Viavi Solutions by 185.5% in the fourth quarter. Amundi now owns 111,730 shares of the communications equipment provider’s stock valued at $1,132,000 after buying an additional 72,599 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Viavi Solutions by 836.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 8,323 shares of the communications equipment provider’s stock worth $84,000 after buying an additional 7,434 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake in Viavi Solutions by 5.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 43,732 shares of the communications equipment provider’s stock worth $442,000 after buying an additional 2,277 shares during the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of Viavi Solutions by 201.2% during the fourth quarter. Marshall Wace LLP now owns 49,200 shares of the communications equipment provider’s stock worth $497,000 after buying an additional 32,867 shares in the last quarter. 95.54% of the stock is owned by institutional investors and hedge funds.

Viavi Solutions Trading Up 0.3%

Shares of NASDAQ:VIAV opened at $9.20 on Monday. The firm has a fifty day moving average of $10.43 and a two-hundred day moving average of $10.54. The company has a quick ratio of 3.18, a current ratio of 3.55 and a debt-to-equity ratio of 0.94. Viavi Solutions has a 12-month low of $6.60 and a 12-month high of $12.91. The firm has a market capitalization of $2.05 billion, a P/E ratio of -51.11 and a beta of 0.92.

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.