Viavi Solutions (NASDAQ:VIAV) Research Coverage Started at UBS Group

UBS Group started coverage on shares of Viavi Solutions (NASDAQ:VIAV) in a report released on Tuesday, MarketBeat Ratings reports. The brokerage issued a neutral rating and a $10.60 target price on the communications equipment provider’s stock.

VIAV has been the topic of several other reports. Northland Securities lifted their price target on shares of Viavi Solutions from $11.00 to $13.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Stifel Nicolaus cut their price target on shares of Viavi Solutions from $13.00 to $10.50 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. B. Riley cut their price target on shares of Viavi Solutions from $9.00 to $8.50 and set a “neutral” rating on the stock in a research note on Friday, August 9th. StockNews.com upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Viavi Solutions in a research note on Friday, November 1st. Six research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Viavi Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $10.44.

Viavi Solutions Stock Performance

NASDAQ:VIAV opened at $9.90 on Tuesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.31 and a current ratio of 3.71. Viavi Solutions has a fifty-two week low of $6.60 and a fifty-two week high of $11.32. The stock has a market capitalization of $2.20 billion, a P/E ratio of -58.24 and a beta of 0.90. The company has a 50 day moving average price of $9.27 and a 200 day moving average price of $8.20.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings results on Thursday, October 31st. The communications equipment provider reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. Viavi Solutions had a negative net margin of 3.78% and a positive return on equity of 2.22%. The company had revenue of $238.20 million during the quarter, compared to analysts’ expectations of $240.09 million. During the same quarter last year, the company posted $0.05 EPS. The firm’s revenue was down 3.9% compared to the same quarter last year. Equities research analysts forecast that Viavi Solutions will post 0.19 EPS for the current year.

Insider Activity at Viavi Solutions

In other Viavi Solutions news, Director Masood Jabbar sold 15,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $8.20, for a total transaction of $123,000.00. Following the transaction, the director now owns 228,514 shares of the company’s stock, valued at $1,873,814.80. This trade represents a 6.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Kevin Christopher Siebert sold 8,432 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $8.63, for a total transaction of $72,768.16. Following the transaction, the senior vice president now directly owns 56,617 shares in the company, valued at approximately $488,604.71. This represents a 12.96 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 62,381 shares of company stock valued at $562,279. Company insiders own 1.52% of the company’s stock.

Institutional Investors Weigh In On Viavi Solutions

Large investors have recently made changes to their positions in the business. Capital Performance Advisors LLP acquired a new stake in Viavi Solutions during the 3rd quarter valued at $25,000. Innealta Capital LLC bought a new stake in shares of Viavi Solutions in the 2nd quarter worth about $38,000. Quarry LP increased its position in shares of Viavi Solutions by 419.7% in the 2nd 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 last quarter. Summit Securities Group LLC bought a new stake in shares of Viavi Solutions in the 2nd quarter worth about $52,000. Finally, KBC Group NV increased its position in shares of Viavi Solutions by 53.0% in the 3rd quarter. KBC Group NV now owns 9,388 shares of the communications equipment provider’s stock worth $85,000 after purchasing an additional 3,252 shares during the last quarter. Institutional investors and hedge funds own 95.54% of the company’s stock.

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.