Viavi Solutions Inc. (NASDAQ:VIAV) Receives $12.69 Average Price Target from Brokerages

Viavi Solutions Inc. (NASDAQ:VIAV - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eight brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $12.69.

VIAV has been the topic of a number of analyst reports. Wall Street Zen raised shares of Viavi Solutions from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 13th. Rosenblatt Securities upped their target price on shares of Viavi Solutions from $12.00 to $13.50 and gave the stock a "buy" rating in a report on Friday, May 2nd. UBS Group decreased their target price on shares of Viavi Solutions from $11.50 to $11.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Morgan Stanley decreased their target price on shares of Viavi Solutions from $10.00 to $8.00 and set an "underweight" rating on the stock in a report on Tuesday, April 8th. Finally, Argus boosted their price target on shares of Viavi Solutions from $13.00 to $16.00 and gave the stock a "buy" rating in a research note on Wednesday, February 5th.

Insider Activity

In other news, EVP Paul Mcnab sold 9,034 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $11.09, for a total value of $100,187.06. Following the completion of the sale, the executive vice president now owns 38,775 shares of the company's stock, valued at approximately $430,014.75. This represents a 18.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard Belluzzo sold 8,385 shares of the company's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $8.92, for a total transaction of $74,794.20. Following the completion of the sale, the director now directly owns 259,081 shares of the company's stock, valued at $2,311,002.52. This trade represents a 3.13% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 31,226 shares of company stock valued at $324,925. Corporate insiders own 1.52% of the company's stock.

Institutional Investors Weigh In On Viavi Solutions

Several institutional investors have recently added to or reduced their stakes in the company. Picton Mahoney Asset Management boosted its position in 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 buying an additional 833 shares during the period. Heritage Family Offices LLP raised its holdings in Viavi Solutions by 7.5% in the 1st quarter. Heritage Family Offices LLP now owns 14,970 shares of the communications equipment provider's stock worth $168,000 after purchasing an additional 1,045 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in Viavi Solutions by 29.1% in the 1st 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 in the last quarter. Sanctuary Advisors LLC raised its holdings in Viavi Solutions by 8.1% in the 4th quarter. Sanctuary Advisors LLC now owns 17,226 shares of the communications equipment provider's stock worth $172,000 after purchasing an additional 1,288 shares in the last quarter. Finally, Xponance Inc. raised its holdings in Viavi Solutions by 11.5% in the 4th quarter. Xponance Inc. now owns 15,977 shares of the communications equipment provider's stock worth $161,000 after purchasing an additional 1,649 shares in the last quarter. Hedge funds and other institutional investors own 95.54% of the company's stock.

Viavi Solutions Stock Performance

Shares of NASDAQ VIAV traded up $0.16 during midday trading on Friday, hitting $9.31. The company's stock had a trading volume of 2,415,484 shares, compared to its average volume of 1,901,427. The stock has a fifty day moving average price of $9.78 and a 200 day moving average price of $10.46. Viavi Solutions has a one year low of $6.60 and a one year high of $12.91. The company has a current ratio of 3.55, a quick ratio of 3.18 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of -51.69 and a beta of 0.92.

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.