Viavi Solutions (NASDAQ:VIAV) Given "Buy" Rating at Rosenblatt Securities

Viavi Solutions (NASDAQ:VIAV - Get Free Report)'s stock had its "buy" rating reaffirmed by investment analysts at Rosenblatt Securities in a report issued on Friday,Benzinga reports. They presently have a $13.50 price target on the communications equipment provider's stock. Rosenblatt Securities' price target indicates a potential upside of 44.54% from the company's current price.

Other equities analysts have also issued research reports about the company. UBS Group lowered their price target on Viavi Solutions from $11.50 to $11.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Wall Street Zen upgraded Viavi Solutions from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, May 13th. Needham & Company LLC reissued a "buy" rating and issued a $15.00 target price on shares of Viavi Solutions in a report on Friday, May 2nd. Morgan Stanley lowered their price objective on shares of Viavi Solutions from $10.00 to $8.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 8th. Finally, B. Riley dropped their price target on Viavi Solutions from $12.00 to $11.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $12.69.

Viavi Solutions Stock Up 1.0%

Shares of NASDAQ VIAV opened at $9.34 on Friday. The firm has a fifty day simple moving average of $9.53 and a two-hundred day simple moving average of $10.40. The firm has a market capitalization of $2.09 billion, a PE ratio of 467.23 and a beta of 0.87. The company has a current ratio of 1.53, a quick ratio of 1.32 and a debt-to-equity ratio of 0.54. Viavi Solutions has a 12 month low of $6.60 and a 12 month high of $12.91.

Insider Transactions at Viavi Solutions

In other Viavi Solutions news, Director Richard Belluzzo sold 8,385 shares of Viavi Solutions stock in a transaction 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 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.52% of the company's stock.

Institutional Trading of Viavi Solutions

Large investors have recently added to or reduced their stakes in the company. Picton Mahoney Asset Management increased its stake in Viavi Solutions by 35.0% during the fourth quarter. Picton Mahoney Asset Management now owns 3,212 shares of the communications equipment provider's stock worth $32,000 after acquiring an additional 833 shares during the last quarter. USA Financial Formulas bought a new position in Viavi Solutions in the 1st quarter valued at $53,000. AlphaQuest LLC purchased a new position in Viavi Solutions in the 1st quarter worth about $55,000. First Horizon Advisors Inc. boosted its position 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 valued at $56,000 after buying an additional 1,138 shares during the period. Finally, Sterling Capital Management LLC increased its position in shares of Viavi Solutions by 804.6% during the fourth quarter. Sterling Capital Management LLC now owns 6,938 shares of the communications equipment provider's stock worth $70,000 after acquiring an additional 6,171 shares during the period. Institutional investors own 95.54% of the company's stock.

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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