Viavi Solutions (NASDAQ:VIAV) Given a $15.00 Price Target at Stifel Nicolaus

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Stifel Nicolaus set a $15.00 price objective on Viavi Solutions (NASDAQ:VIAV) in a research report released on Friday morning, TipRanks reports. The firm currently has a buy rating on the communications equipment provider’s stock.

A number of other research firms have also weighed in on VIAV. Rosenblatt Securities reissued a buy rating and issued a $15.00 target price on shares of Viavi Solutions in a research note on Friday. Morgan Stanley set a $13.00 price target on shares of Viavi Solutions and gave the stock a hold rating in a research note on Friday, May 3rd. ValuEngine downgraded shares of Viavi Solutions from a buy rating to a hold rating in a research note on Thursday, August 1st. Zacks Investment Research downgraded shares of Viavi Solutions from a hold rating to a sell rating in a research note on Friday, July 5th. Finally, BidaskClub raised shares of Viavi Solutions from a buy rating to a strong-buy rating in a research note on Thursday. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $14.50.

Shares of VIAV stock traded up $0.51 on Friday, reaching $14.28. The stock had a trading volume of 3,255,451 shares, compared to its average volume of 2,262,139. The stock has a market cap of $3.11 billion, a P/E ratio of 27.46 and a beta of 0.98. Viavi Solutions has a 1 year low of $9.17 and a 1 year high of $14.95. The company has a debt-to-equity ratio of 0.79, a quick ratio of 2.86 and a current ratio of 3.19. The company has a 50 day simple moving average of $14.22 and a 200 day simple moving average of $13.08.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings results on Thursday, August 15th. The communications equipment provider reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. Viavi Solutions had a return on equity of 16.81% and a net margin of 0.48%. The firm had revenue of $289.70 million for the quarter, compared to analysts’ expectations of $279.18 million. During the same quarter in the prior year, the firm earned $0.14 EPS. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, equities research analysts anticipate that Viavi Solutions will post 0.6 earnings per share for the current fiscal year.

In other news, CFO Amar Maletira sold 14,844 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $13.79, for a total value of $204,698.76. Following the completion of the sale, the chief financial officer now owns 254,526 shares of the company’s stock, valued at $3,509,913.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 22,556 shares of company stock valued at $307,093 in the last three months. Company insiders own 0.50% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Viavi Solutions by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 24,589,402 shares of the communications equipment provider’s stock valued at $326,793,000 after acquiring an additional 288,080 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Viavi Solutions by 38.3% during the 2nd quarter. Renaissance Technologies LLC now owns 4,442,088 shares of the communications equipment provider’s stock valued at $59,035,000 after acquiring an additional 1,230,200 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Viavi Solutions by 1.9% during the 2nd quarter. Victory Capital Management Inc. now owns 3,693,891 shares of the communications equipment provider’s stock valued at $49,092,000 after acquiring an additional 69,329 shares during the last quarter. Clearbridge Investments LLC boosted its stake in Viavi Solutions by 18.3% during the 1st quarter. Clearbridge Investments LLC now owns 3,423,335 shares of the communications equipment provider’s stock valued at $42,381,000 after acquiring an additional 530,681 shares during the last quarter. Finally, DNB Asset Management AS boosted its stake in Viavi Solutions by 25.6% during the 2nd quarter. DNB Asset Management AS now owns 3,271,930 shares of the communications equipment provider’s stock valued at $43,484,000 after acquiring an additional 666,571 shares during the last quarter. 97.72% 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 to communications service providers, enterprises, network equipment manufacturers, civil government, military, and avionics customers worldwide. The company operates through Network Enablement, Service Enablement, and Optical Security and Performance Products segments.

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Analyst Recommendations for Viavi Solutions (NASDAQ:VIAV)

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