Viavi Solutions (NASDAQ:VIAV) Stock Rating Reaffirmed by Stifel Nicolaus

Viavi Solutions (NASDAQ:VIAV - Get Free Report)'s stock had its "buy" rating reiterated by stock analysts at Stifel Nicolaus in a research note issued to investors on Monday, Benzinga reports. They presently have a $13.00 target price on the communications equipment provider's stock. Stifel Nicolaus' price target would indicate a potential upside of 45.90% from the stock's current price.

Several other research analysts have also issued reports on VIAV. StockNews.com upgraded shares of Viavi Solutions from a "hold" rating to a "buy" rating in a report on Friday, March 15th. Susquehanna lifted their price objective on shares of Viavi Solutions from $12.00 to $14.00 and gave the company a "positive" rating in a research note on Thursday, March 7th. Rosenblatt Securities boosted their target price on shares of Viavi Solutions from $13.00 to $15.00 and gave the company a "buy" rating in a research report on Wednesday, March 6th. Morgan Stanley boosted their target price on shares of Viavi Solutions from $9.00 to $11.00 and gave the company an "equal weight" rating in a research report on Wednesday, March 6th. Finally, Northland Securities boosted their target price on shares of Viavi Solutions from $12.00 to $17.00 and gave the company an "outperform" rating in a research report on Wednesday, March 6th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $13.50.

Viavi Solutions Price Performance

Shares of VIAV traded down $0.18 during mid-day trading on Monday, reaching $8.91. The company had a trading volume of 2,735,594 shares, compared to its average volume of 2,281,271. The company's 50 day simple moving average is $9.76 and its 200 day simple moving average is $9.13. Viavi Solutions has a 1-year low of $7.26 and a 1-year high of $11.65. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.72 and a current ratio of 3.09. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 449.00 and a beta of 0.95.

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

Insiders Place Their Bets

In other Viavi Solutions news, SVP Kevin Christopher Siebert sold 13,967 shares of the company's stock in a transaction on Monday, March 11th. The shares were sold at an average price of $10.70, for a total transaction of $149,446.90. Following the transaction, the senior vice president now owns 47,097 shares in the company, valued at $503,937.90. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, EVP Paul Mcnab sold 15,004 shares of the company's stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $10.62, for a total value of $159,342.48. Following the completion of the sale, the executive vice president now owns 57,940 shares in the company, valued at approximately $615,322.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 owns 47,097 shares of the company's stock, valued at approximately $503,937.90. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,093 shares of company stock worth $319,841. Insiders own 1.80% of the company's stock.

Hedge Funds Weigh In On Viavi Solutions

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Viavi Solutions by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 28,739,930 shares of the communications equipment provider's stock valued at $289,411,000 after buying an additional 451,354 shares during the period. Wellington Management Group LLP grew its position in Viavi Solutions by 2.4% during the first quarter. Wellington Management Group LLP now owns 21,420,992 shares of the communications equipment provider's stock valued at $344,451,000 after buying an additional 506,113 shares during the period. State Street Corp grew its position in Viavi Solutions by 0.6% during the second quarter. State Street Corp now owns 8,560,178 shares of the communications equipment provider's stock valued at $96,987,000 after buying an additional 48,300 shares during the period. Capital World Investors boosted its position in Viavi Solutions by 9.6% during the first quarter. Capital World Investors now owns 6,830,000 shares of the communications equipment provider's stock worth $109,826,000 after purchasing an additional 598,000 shares during the period. Finally, Westwood Holdings Group Inc. boosted its position in Viavi Solutions by 20.2% during the fourth quarter. Westwood Holdings Group Inc. now owns 6,573,335 shares of the communications equipment provider's stock worth $66,193,000 after purchasing an additional 1,103,687 shares during the period. Institutional investors own 95.54% of the company's stock.

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.