Viavi Solutions (NASDAQ:VIAV) Downgraded by StockNews.com

Viavi Solutions (NASDAQ:VIAV - Get Free Report) was downgraded by research analysts at StockNews.com from a "buy" rating to a "hold" rating in a note issued to investors on Thursday.

Several other brokerages also recently issued reports on VIAV. Stifel Nicolaus reaffirmed a "buy" rating and set a $13.00 price target on shares of Viavi Solutions in a report on Monday. Needham & Company LLC reaffirmed a "hold" rating on shares of Viavi Solutions in a report on Monday. Northland Securities upped their price target on shares of Viavi Solutions from $12.00 to $17.00 and gave the company an "outperform" rating in a research note on Wednesday, March 6th. Rosenblatt Securities lowered their price objective on Viavi Solutions from $15.00 to $13.00 and set a "buy" rating on the stock in a research report on Wednesday. Finally, Morgan Stanley boosted their price objective 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 stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $13.17.

Viavi Solutions Stock Down 2.2 %

Shares of Viavi Solutions stock traded down $0.20 on Thursday, reaching $8.83. 1,391,630 shares of the company were exchanged, compared to its average volume of 2,261,939. Viavi Solutions has a one year low of $7.26 and a one year high of $11.65. The company has a current ratio of 3.09, a quick ratio of 2.72 and a debt-to-equity ratio of 0.87. The company has a 50-day moving average of $9.66 and a 200 day moving average of $9.12. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 441.50 and a beta of 0.95.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last announced its quarterly earnings data on Thursday, February 1st. The communications equipment provider reported $0.05 EPS for the quarter, meeting analysts' consensus estimates of $0.05. The company had revenue of $254.50 million during the quarter, compared to the consensus estimate of $249.77 million. Viavi Solutions had a net margin of 0.49% and a return on equity of 5.38%. On average, equities research analysts forecast that Viavi Solutions will post 0.22 earnings per share for the current year.

Insider Activity

In related news, SVP Kevin Christopher Siebert sold 13,967 shares of the company's stock in a transaction on Monday, March 11th. The stock was sold at an average price of $10.70, for a total transaction of $149,446.90. Following the completion of the sale, the senior vice president now directly owns 47,097 shares in the company, valued at approximately $503,937.90. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, SVP Kevin Christopher Siebert sold 13,967 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were 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 owns 47,097 shares of the company's stock, valued at approximately $503,937.90. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Paul Mcnab sold 15,004 shares of the business's stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $10.62, for a total transaction of $159,342.48. Following the sale, the executive vice president now directly owns 57,940 shares in the company, valued at approximately $615,322.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,093 shares of company stock worth $319,841. Insiders own 1.80% of the company's stock.

Institutional Trading of Viavi Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Lazard Asset Management LLC grew its holdings in Viavi Solutions by 2,189.8% during the 4th quarter. Lazard Asset Management LLC now owns 3,137 shares of the communications equipment provider's stock worth $32,000 after acquiring an additional 3,000 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in Viavi Solutions in the third quarter valued at $92,000. Vanguard Personalized Indexing Management LLC bought a new position in shares of Viavi Solutions during the second quarter worth about $140,000. Versor Investments LP bought a new position in Viavi Solutions during the fourth quarter worth $110,000. Finally, Oak Thistle LLC acquired a new position in shares of Viavi Solutions during the 3rd quarter valued at $101,000. 95.54% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.