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

Shares of Viavi Solutions Inc. (NASDAQ:VIAV - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the eight research firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $12.69.

Several equities analysts have recently weighed in on VIAV shares. Rosenblatt Securities restated a "buy" rating and issued a $13.50 price objective on shares of Viavi Solutions in a report on Friday. B. Riley decreased their price objective on Viavi Solutions from $12.00 to $11.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Wall Street Zen upgraded shares of Viavi Solutions from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. UBS Group cut their target price on shares of Viavi Solutions from $11.50 to $11.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $15.00 target price on shares of Viavi Solutions in a research note on Friday, May 2nd.

Insider Activity

In other news, Director Richard Belluzzo sold 8,385 shares of Viavi Solutions stock in a transaction that occurred on 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 sale, the director now directly owns 259,081 shares in the company, valued at approximately $2,311,002.52. The trade was a 3.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.52% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP grew its stake in shares of Viavi Solutions by 26.3% in the fourth quarter. Wellington Management Group LLP now owns 19,614,684 shares of the communications equipment provider's stock worth $198,108,000 after purchasing an additional 4,085,648 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Viavi Solutions by 7,293.1% in the first quarter. Victory Capital Management Inc. now owns 3,083,135 shares of the communications equipment provider's stock worth $34,500,000 after purchasing an additional 3,041,432 shares during the last quarter. Woodline Partners LP grew its stake in shares of Viavi Solutions by 423.7% in the fourth quarter. Woodline Partners LP now owns 3,435,678 shares of the communications equipment provider's stock worth $34,700,000 after purchasing an additional 2,779,615 shares during the last quarter. Segall Bryant & Hamill LLC bought a new stake in shares of Viavi Solutions in the fourth quarter worth $16,722,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Viavi Solutions in the fourth quarter worth $15,268,000. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Viavi Solutions Price Performance

Shares of NASDAQ:VIAV opened at $9.62 on Tuesday. Viavi Solutions has a fifty-two week low of $6.60 and a fifty-two week high of $12.91. The business has a 50-day moving average of $9.51 and a two-hundred day moving average of $10.39. The stock has a market capitalization of $2.15 billion, a P/E ratio of 481.24 and a beta of 0.87. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.53 and a quick ratio of 1.32.

About Viavi Solutions

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.

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