Viavi Solutions Inc. (NASDAQ:VIAV) Receives Average Rating of "Moderate Buy" from Brokerages

Viavi Solutions Inc. (NASDAQ:VIAV - Get Free Report) has received an average recommendation 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 assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $12.69.

VIAV has been the subject of several research reports. B. Riley cut their price target on Viavi Solutions from $12.00 to $11.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Needham & Company LLC restated a "buy" rating and set a $15.00 price objective on shares of Viavi Solutions in a research report on Friday, May 2nd. Rosenblatt Securities boosted their price objective on Viavi Solutions from $12.00 to $13.50 and gave the stock a "buy" rating in a report on Friday, May 2nd. UBS Group lowered their target price on Viavi Solutions from $11.50 to $11.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. Finally, Argus boosted their price target on Viavi Solutions from $13.00 to $16.00 and gave the company a "buy" rating in a research note on Wednesday, February 5th.

Insider Transactions at Viavi Solutions

In other Viavi Solutions news, SVP James L. Veler, Jr. sold 13,807 shares of the firm's stock in a transaction on Friday, March 7th. The stock was sold at an average price of $10.86, for a total value of $149,944.02. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Richard Belluzzo sold 8,385 shares of Viavi Solutions stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $8.92, for a total value of $74,794.20. Following the completion of the transaction, the director now owns 259,081 shares in the company, valued at approximately $2,311,002.52. This represents a 3.13 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,549 shares of company stock valued at $485,916. 1.52% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Viavi Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in VIAV. Picton Mahoney Asset Management boosted its holdings in shares of Viavi Solutions by 35.0% during the 4th quarter. Picton Mahoney Asset Management now owns 3,212 shares of the communications equipment provider's stock valued at $32,000 after acquiring an additional 833 shares in the last quarter. USA Financial Formulas acquired a new stake in shares of Viavi Solutions during the first quarter valued at about $53,000. First Horizon Advisors Inc. grew its holdings in shares of Viavi Solutions by 29.1% during the first quarter. First Horizon Advisors Inc. now owns 5,046 shares of the communications equipment provider's stock worth $56,000 after purchasing an additional 1,138 shares during the last quarter. Sterling Capital Management LLC increased its stake in shares of Viavi Solutions by 804.6% in the fourth quarter. Sterling Capital Management LLC now owns 6,938 shares of the communications equipment provider's stock valued at $70,000 after buying an additional 6,171 shares during the period. Finally, Venturi Wealth Management LLC bought a new position in Viavi Solutions in the 4th quarter valued at approximately $75,000. 95.54% of the stock is owned by institutional investors.

Viavi Solutions Stock Performance

NASDAQ VIAV traded up $0.04 on Monday, hitting $9.21. 229,111 shares of the stock were exchanged, compared to its average volume of 1,828,041. The company has a market capitalization of $2.06 billion, a PE ratio of -51.16 and a beta of 0.92. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.55 and a quick ratio of 3.18. The business's fifty day moving average is $10.47 and its 200 day moving average is $10.52. Viavi Solutions has a 52 week low of $6.60 and a 52 week high of $12.91.

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.