Viavi Solutions (NASDAQ:VIAV) Stock Rating Lowered by Susquehanna

Viavi Solutions (NASDAQ:VIAV - Get Free Report) was downgraded by equities researchers at Susquehanna from a "positive" rating to a "neutral" rating in a research note issued on Friday, Marketbeat.com reports. They presently have a $9.00 price objective on the communications equipment provider's stock. Susquehanna's price objective points to a potential upside of 19.05% from the company's previous close.

VIAV has been the topic of a number of other reports. Rosenblatt Securities reduced their target price on shares of Viavi Solutions from $13.00 to $10.00 and set a "buy" rating on the stock in a research report on Friday. Morgan Stanley lifted 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. StockNews.com raised shares of Viavi Solutions from a "hold" rating to a "buy" rating in a report on Friday, April 12th. Northland Securities lifted their price objective on shares of Viavi Solutions from $12.00 to $17.00 and gave the company an "outperform" rating in a report on Wednesday, March 6th. Finally, Stifel Nicolaus reissued a "buy" rating and set a $13.00 price objective on shares of Viavi Solutions in a report on Monday, April 1st. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Viavi Solutions currently has a consensus rating of "Moderate Buy" and an average target price of $12.00.

Viavi Solutions Trading Down 5.7 %

Viavi Solutions stock traded down $0.46 during midday trading on Friday, reaching $7.56. The stock had a trading volume of 4,038,127 shares, compared to its average volume of 2,084,735. The company has a quick ratio of 2.72, a current ratio of 3.09 and a debt-to-equity ratio of 0.87. Viavi Solutions has a 52-week low of $7.10 and a 52-week high of $11.65. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 373.00 and a beta of 0.97. The company has a fifty day moving average of $9.16 and a 200 day moving average of $9.04.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last issued its earnings results on Thursday, May 2nd. The communications equipment provider reported $0.06 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). The company had revenue of $246.00 million for the quarter, compared to analysts' expectations of $249.08 million. Viavi Solutions had a return on equity of 5.38% and a net margin of 0.49%. The business's revenue was down .7% compared to the same quarter last year. During the same period last year, the business posted $0.02 earnings per share. On average, analysts anticipate that Viavi Solutions will post 0.22 earnings per share for the current fiscal year.

Insider Buying and Selling at Viavi Solutions

In other Viavi Solutions news, SVP Kevin Christopher Siebert sold 13,967 shares of the firm's 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 sale, the senior vice president now directly owns 47,097 shares in the company, valued at $503,937.90. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, EVP Paul Mcnab sold 15,004 shares of Viavi Solutions stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $10.62, for a total transaction of $159,342.48. Following the completion of the sale, the executive vice president now directly owns 57,940 shares in the company, valued at $615,322.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Kevin Christopher Siebert sold 13,967 shares of Viavi Solutions 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 sale, the senior vice president now 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 made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Viavi Solutions by 1.5% during the third quarter. Vanguard Group Inc. now owns 28,288,576 shares of the communications equipment provider's stock valued at $258,558,000 after purchasing an additional 424,564 shares during the period. Assenagon Asset Management S.A. lifted its position in Viavi Solutions by 399.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,044,366 shares of the communications equipment provider's stock valued at $10,517,000 after purchasing an additional 835,248 shares during the period. Knights of Columbus Asset Advisors LLC lifted its position in Viavi Solutions by 102.9% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 346,475 shares of the communications equipment provider's stock valued at $3,489,000 after purchasing an additional 175,695 shares during the period. First Eagle Investment Management LLC acquired a new position in Viavi Solutions during the third quarter valued at $3,067,000. Finally, GSA Capital Partners LLP acquired a new position in Viavi Solutions during the third quarter valued at $673,000. 95.54% of the stock is currently owned by institutional investors and hedge funds.

About Viavi Solutions

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.