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

Shares of Viavi Solutions Inc. (NASDAQ:VIAV) have received an average rating of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $13.60.

Several analysts recently issued reports on the stock. Northland Securities upped their price objective on shares of Viavi Solutions from $12.00 to $17.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. Needham & Company LLC reiterated a “hold” rating on shares of Viavi Solutions in a report on Monday, April 1st. StockNews.com upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a report on Friday, April 12th. Stifel Nicolaus reiterated a “buy” rating and issued a $13.00 target price on shares of Viavi Solutions in a report on Monday, April 1st. Finally, Susquehanna boosted their target price on shares of Viavi Solutions from $12.00 to $14.00 and gave the company a “positive” rating in a report on Thursday, March 7th.

Insider Transactions at Viavi Solutions

In other news, EVP Paul Mcnab sold 15,004 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $10.62, for a total value of $159,342.48. Following the transaction, the executive vice president now directly owns 57,940 shares in the company, valued at approximately $615,322.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Viavi Solutions news, EVP Paul Mcnab sold 15,004 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $10.62, for a total transaction of $159,342.48. Following the sale, the executive vice president now directly owns 57,940 shares in the company, valued at approximately $615,322.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Kevin Christopher Siebert sold 13,967 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $10.70, for a total transaction of $149,446.90. Following the sale, the senior vice president now owns 47,097 shares in the company, valued at $503,937.90. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Viavi Solutions

A number of large investors have recently modified their holdings of VIAV. Norges Bank purchased a new stake in shares of Viavi Solutions in the 4th quarter valued at approximately $24,608,000. Wellington Management Group LLP increased its position in shares of Viavi Solutions by 9.0% in the 3rd quarter. Wellington Management Group LLP now owns 15,925,361 shares of the communications equipment provider’s stock valued at $145,558,000 after purchasing an additional 1,321,599 shares during the last quarter. Westwood Holdings Group Inc. increased its position in shares of Viavi Solutions by 20.2% in the 4th quarter. Westwood Holdings Group Inc. now owns 6,573,335 shares of the communications equipment provider’s stock valued at $66,193,000 after purchasing an additional 1,103,687 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Viavi Solutions by 98.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 2,070,353 shares of the communications equipment provider’s stock valued at $18,820,000 after purchasing an additional 1,025,987 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of Viavi Solutions by 36.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,872,760 shares of the communications equipment provider’s stock valued at $26,257,000 after purchasing an additional 768,759 shares during the last quarter. 95.54% of the stock is owned by hedge funds and other institutional investors.

Viavi Solutions Stock Up 0.3 %

Shares of NASDAQ VIAV opened at $7.92 on Thursday. Viavi Solutions has a 12-month low of $7.26 and a 12-month high of $11.65. The stock has a market cap of $1.76 billion, a PE ratio of 396.00 and a beta of 0.95. The company has a current ratio of 3.09, a quick ratio of 2.72 and a debt-to-equity ratio of 0.87. The company has a 50-day moving average of $9.19 and a 200 day moving average of $9.04.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings data on Thursday, February 1st. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. Viavi Solutions had a net margin of 0.49% and a return on equity of 5.38%. The company had revenue of $254.50 million during the quarter, compared to analysts’ expectations of $249.77 million. As a group, sell-side analysts predict that Viavi Solutions will post 0.22 EPS 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.