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

Viavi Solutions Inc. (NASDAQ:VIAV) has received an average rating of “Moderate Buy” from the eight ratings firms that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $10.71.

Several research analysts recently weighed in on VIAV shares. B. Riley dropped 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 report on Friday, August 9th. StockNews.com upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, September 10th. Needham & Company LLC restated a “hold” rating on shares of Viavi Solutions in a research report on Friday, August 9th. Stifel Nicolaus dropped 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 report on Tuesday, August 6th. Finally, Rosenblatt Securities cut shares of Viavi Solutions from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $10.00 to $8.25 in a research report on Wednesday, June 26th.

Viavi Solutions Stock Up 0.5 %

Shares of VIAV opened at $9.25 on Thursday. The company has a market capitalization of $2.06 billion, a P/E ratio of -462.50 and a beta of 0.91. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.55 and a quick ratio of 3.16. Viavi Solutions has a one year low of $6.60 and a one year high of $11.32. The business’s 50 day simple moving average is $8.44 and its 200-day simple moving average is $7.95.

Viavi Solutions (NASDAQ:VIAV) last announced its earnings results on Thursday, August 8th. The communications equipment provider reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. The business had revenue of $252.00 million for the quarter, compared to the consensus estimate of $251.83 million. Viavi Solutions had a positive return on equity of 3.81% and a negative net margin of 2.58%. As a group, sell-side analysts predict that Viavi Solutions will post 0.17 EPS for the current fiscal year.

Insider Buying and Selling at Viavi Solutions

In other Viavi Solutions news, EVP Paul Mcnab sold 7,324 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $7.52, for a total transaction of $55,076.48. Following the completion of the sale, the executive vice president now owns 35,631 shares in the company, valued at approximately $267,945.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Masood Jabbar sold 30,000 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $8.17, for a total value of $245,100.00. Following the completion of the sale, the director now owns 243,514 shares in the company, valued at $1,989,509.38. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Paul Mcnab sold 7,324 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $7.52, for a total transaction of $55,076.48. Following the completion of the sale, the executive vice president now owns 35,631 shares of the company’s stock, valued at approximately $267,945.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 85,976 shares of company stock worth $720,562. Insiders own 1.80% of the company’s stock.

Institutional Trading of Viavi Solutions

Large investors have recently made changes to their positions in the company. Mutual of America Capital Management LLC increased its position in shares of Viavi Solutions by 423.6% in the 1st quarter. Mutual of America Capital Management LLC now owns 203,814 shares of the communications equipment provider’s stock valued at $1,853,000 after buying an additional 164,889 shares in the last quarter. Vanguard Group Inc. boosted its stake in Viavi Solutions by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 28,739,930 shares of the communications equipment provider’s stock worth $289,411,000 after purchasing an additional 451,354 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in Viavi Solutions by 127.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 204,786 shares of the communications equipment provider’s stock worth $1,862,000 after purchasing an additional 114,822 shares during the period. Federated Hermes Inc. boosted its stake in Viavi Solutions by 98,561.6% in the 2nd quarter. Federated Hermes Inc. now owns 187,457 shares of the communications equipment provider’s stock worth $1,288,000 after purchasing an additional 187,267 shares during the period. Finally, First Eagle Investment Management LLC boosted its stake in Viavi Solutions by 17.4% in the 1st quarter. First Eagle Investment Management LLC now owns 750,937 shares of the communications equipment provider’s stock worth $6,826,000 after purchasing an additional 111,500 shares during the period. Institutional investors 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.