Viavi Solutions (NASDAQ:VIAV) Lowered to Hold Rating by StockNews.com

StockNews.com lowered shares of Viavi Solutions (NASDAQ:VIAV) from a buy rating to a hold rating in a research report report published on Tuesday morning.

A number of other equities analysts also recently issued reports on the company. UBS Group initiated coverage on Viavi Solutions in a research report on Tuesday, November 19th. They set a “neutral” rating and a $10.60 price target on the stock. Northland Securities upped their target price on Viavi Solutions from $11.00 to $13.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Needham & Company LLC reiterated a “hold” rating on shares of Viavi Solutions in a research note on Monday, December 16th. Stifel Nicolaus boosted their price target on Viavi Solutions from $10.50 to $12.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Finally, Rosenblatt Securities increased their price objective on shares of Viavi Solutions from $8.25 to $10.50 and gave the company a “neutral” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $10.44.

Viavi Solutions Trading Up 0.7 %

VIAV opened at $10.33 on Tuesday. Viavi Solutions has a 12 month low of $6.60 and a 12 month high of $11.49. The stock has a fifty day moving average price of $10.02 and a 200-day moving average price of $8.69. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of -60.76 and a beta of 0.92. The company has a current ratio of 3.71, a quick ratio of 3.31 and a debt-to-equity ratio of 0.91.

Viavi Solutions (NASDAQ:VIAV) last announced its earnings results on Thursday, October 31st. The communications equipment provider reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. Viavi Solutions had a negative net margin of 3.78% and a positive return on equity of 2.22%. The business had revenue of $238.20 million during the quarter, compared to the consensus estimate of $240.09 million. During the same period in the previous year, the company posted $0.05 earnings per share. The firm’s revenue was down 3.9% on a year-over-year basis. As a group, equities research analysts anticipate that Viavi Solutions will post 0.19 earnings per share for the current fiscal year.

Insider Activity at Viavi Solutions

In other Viavi Solutions news, SVP Luke M. Scrivanich sold 3,029 shares of Viavi Solutions stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $8.86, for a total transaction of $26,836.94. Following the completion of the transaction, the senior vice president now owns 57,319 shares in the company, valued at approximately $507,846.34. This trade represents a 5.02 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Masood Jabbar sold 15,000 shares of the company’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $10.14, for a total value of $152,100.00. Following the completion of the sale, the director now owns 225,333 shares in the company, valued at $2,284,876.62. The trade was a 6.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,831 shares of company stock worth $345,712 over the last quarter. Insiders own 1.52% of the company’s stock.

Institutional Investors Weigh In On Viavi Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in VIAV. Sanctuary Advisors LLC boosted its holdings in Viavi Solutions by 44.1% during the third quarter. Sanctuary Advisors LLC now owns 15,938 shares of the communications equipment provider’s stock worth $144,000 after buying an additional 4,875 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Viavi Solutions by 1.0% in the third quarter. Geode Capital Management LLC now owns 5,307,974 shares of the communications equipment provider’s stock worth $47,887,000 after acquiring an additional 54,633 shares during the period. Barclays PLC boosted its stake in shares of Viavi Solutions by 4.4% during the 3rd quarter. Barclays PLC now owns 538,261 shares of the communications equipment provider’s stock worth $4,856,000 after acquiring an additional 22,893 shares in the last quarter. MML Investors Services LLC grew its position in shares of Viavi Solutions by 34.3% during the 3rd quarter. MML Investors Services LLC now owns 37,480 shares of the communications equipment provider’s stock valued at $338,000 after acquiring an additional 9,580 shares during the period. Finally, Dean Investment Associates LLC increased its stake in shares of Viavi Solutions by 189.6% in the 3rd quarter. Dean Investment Associates LLC now owns 280,239 shares of the communications equipment provider’s stock valued at $2,528,000 after purchasing an additional 183,481 shares in the last quarter. Institutional investors and hedge funds 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.