Viavi Solutions Inc. (NASDAQ:VIAV) Given Average Rating of “Moderate Buy” by Brokerages

Viavi Solutions Inc. (NASDAQ:VIAV) has earned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $10.71.

A number of equities analysts have recently commented on VIAV shares. B. Riley reduced their price objective on shares of Viavi Solutions from $9.00 to $8.50 and set a “neutral” rating for the company in a research note on Friday, August 9th. Needham & Company LLC restated a “hold” rating on shares of Viavi Solutions in a research note on Friday, August 9th. Stifel Nicolaus reduced their price objective on shares of Viavi Solutions from $13.00 to $10.50 and set a “buy” rating for the company in a research note on Tuesday, August 6th. StockNews.com upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th. Finally, Rosenblatt Securities downgraded shares of Viavi Solutions from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $10.00 to $8.25 in a research note on Wednesday, June 26th.

Insider Activity at Viavi Solutions

In related news, EVP Paul Mcnab sold 7,324 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $7.52, for a total value of $55,076.48. Following the completion of the sale, the executive vice president now directly owns 35,631 shares in the company, valued at approximately $267,945.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Viavi Solutions news, EVP Paul Mcnab sold 7,324 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $7.52, for a total value of $55,076.48. Following the transaction, the executive vice president now directly owns 35,631 shares of the company’s stock, valued at $267,945.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Masood Jabbar sold 30,000 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $8.17, for a total transaction of $245,100.00. Following the completion of the transaction, the director now directly owns 243,514 shares in the company, valued at approximately $1,989,509.38. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 85,976 shares of company stock worth $720,562. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Innealta Capital LLC bought a new position in Viavi Solutions in the 2nd quarter valued at about $38,000. Headlands Technologies LLC bought a new position in shares of Viavi Solutions during the first quarter worth approximately $55,000. Quarry LP increased its holdings in shares of Viavi Solutions by 419.7% during the second quarter. Quarry LP now owns 7,229 shares of the communications equipment provider’s stock worth $50,000 after purchasing an additional 5,838 shares during the period. Summit Securities Group LLC bought a new position in shares of Viavi Solutions during the second quarter worth approximately $52,000. Finally, Park Avenue Securities LLC bought a new position in shares of Viavi Solutions during the first quarter worth approximately $99,000. 95.54% of the stock is owned by institutional investors.

Viavi Solutions Price Performance

Shares of NASDAQ VIAV opened at $9.25 on Thursday. The firm has a market cap of $2.06 billion, a PE ratio of -462.50 and a beta of 0.91. The company has a current ratio of 3.55, a quick ratio of 3.16 and a debt-to-equity ratio of 0.93. Viavi Solutions has a 1-year low of $6.60 and a 1-year high of $11.32. The company has a fifty day moving average price of $8.44 and a 200 day moving average price of $7.95.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings data on Thursday, August 8th. The communications equipment provider reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. Viavi Solutions had a negative net margin of 2.58% and a positive return on equity of 3.81%. The company had revenue of $252.00 million during the quarter, compared to the consensus estimate of $251.83 million. Research analysts predict that Viavi Solutions will post 0.17 earnings per share for the current fiscal year.

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.