Viavi Solutions Inc. (NASDAQ:VIAV) Receives $10.44 Average Target Price from Brokerages

Viavi Solutions Inc. (NASDAQ:VIAV) has been given a consensus recommendation of “Hold” by the nine analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $10.44.

Several research analysts recently weighed in on VIAV shares. Rosenblatt Securities upped their target price on shares of Viavi Solutions from $8.25 to $10.50 and gave the stock a “neutral” rating in a report on Friday, November 1st. Stifel Nicolaus boosted their price objective on shares of Viavi Solutions from $10.50 to $12.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Northland Securities lifted their target price on Viavi Solutions from $11.00 to $13.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Morgan Stanley reiterated an “underweight” rating and issued a $9.50 target price (up from $8.00) on shares of Viavi Solutions in a report on Tuesday, December 17th. Finally, StockNews.com lowered Viavi Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, December 24th.

Insider Buying and Selling at Viavi Solutions

In related news, SVP Luke M. Scrivanich sold 2,802 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $10.43, for a total transaction of $29,224.86. Following the completion of the transaction, the senior vice president now owns 54,517 shares of the company’s stock, valued at approximately $568,612.31. This represents a 4.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Masood Jabbar sold 15,000 shares of Viavi Solutions stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $10.14, for a total value of $152,100.00. Following the completion of the transaction, the director now directly owns 225,333 shares in the company, valued at $2,284,876.62. This represents a 6.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,802 shares of company stock valued at $318,875 in the last ninety days. Insiders own 1.52% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. raised its holdings in shares of Viavi Solutions by 39.3% during the third quarter. JPMorgan Chase & Co. now owns 545,446 shares of the communications equipment provider’s stock valued at $4,920,000 after buying an additional 153,745 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of Viavi Solutions by 44.1% during the third quarter. Sanctuary Advisors LLC now owns 15,938 shares of the communications equipment provider’s stock valued at $144,000 after purchasing an additional 4,875 shares during the last quarter. Geode Capital Management LLC increased 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 in the last quarter. Barclays PLC raised its stake in Viavi Solutions by 4.4% during the 3rd quarter. Barclays PLC now owns 538,261 shares of the communications equipment provider’s stock valued at $4,856,000 after purchasing an additional 22,893 shares during the period. Finally, MML Investors Services LLC grew its stake in 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 in the last quarter. Institutional investors and hedge funds own 95.54% of the company’s stock.

Viavi Solutions Stock Performance

NASDAQ:VIAV opened at $10.10 on Tuesday. Viavi Solutions has a 52-week low of $6.60 and a 52-week high of $11.49. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of -59.41 and a beta of 0.92. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.31 and a current ratio of 3.71. The business’s fifty day moving average is $10.15 and its 200 day moving average is $8.80.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly 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 positive return on equity of 2.22% and a negative net margin of 3.78%. The business had revenue of $238.20 million for the quarter, compared to analysts’ expectations of $240.09 million. During the same period in the previous year, the firm earned $0.05 EPS. The business’s quarterly revenue was down 3.9% on a year-over-year basis. Research analysts predict that Viavi Solutions will post 0.19 EPS for the current year.

Viavi Solutions Company Profile

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.