Stifel Nicolaus Issues Positive Forecast for Viavi Solutions (NASDAQ:VIAV) Stock Price

Viavi Solutions (NASDAQ:VIAV) had its price objective boosted by Stifel Nicolaus from $10.50 to $12.00 in a report released on Monday,Benzinga reports. They currently have a buy rating on the communications equipment provider’s stock.

VIAV has been the subject of several other reports. Rosenblatt Securities lifted their price target on shares of Viavi Solutions from $8.25 to $10.50 and gave the company a “neutral” rating in a report on Friday, November 1st. UBS Group started coverage on Viavi Solutions in a research report on Tuesday, November 19th. They issued a “neutral” rating and a $10.60 price objective on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Viavi Solutions in a research report on Monday. StockNews.com raised Viavi Solutions from a “hold” rating to a “buy” rating in a research note on Friday, December 6th. Finally, Northland Securities boosted their target price on Viavi Solutions from $11.00 to $13.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Six investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $10.66.

Viavi Solutions Stock Performance

NASDAQ VIAV opened at $11.16 on Monday. Viavi Solutions has a 52-week low of $6.60 and a 52-week high of $11.49. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of -65.65 and a beta of 0.92. The company’s fifty day moving average is $9.88 and its two-hundred day moving average is $8.57. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.71 and a quick ratio of 3.31.

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

Insider Buying and Selling at Viavi Solutions

In other Viavi Solutions news, Director Masood Jabbar sold 15,000 shares of the 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 transaction, the director now directly owns 225,333 shares of the company’s stock, valued at $2,284,876.62. This represents a 6.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Luke M. Scrivanich sold 2,802 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $10.43, for a total value of $29,224.86. Following the transaction, the senior vice president now owns 54,517 shares in the company, valued at approximately $568,612.31. This trade represents a 4.89 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,831 shares of company stock worth $345,712 over the last ninety days. 1.52% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Viavi Solutions

Hedge funds and other institutional investors have recently modified their holdings of the company. Capital Performance Advisors LLP bought a new position in Viavi Solutions during the 3rd quarter worth $25,000. Innealta Capital LLC acquired a new position in Viavi Solutions in the 2nd quarter worth about $38,000. Quarry LP raised its holdings in Viavi Solutions by 419.7% in the 2nd quarter. Quarry LP now owns 7,229 shares of the communications equipment provider’s stock valued at $50,000 after buying an additional 5,838 shares during the last quarter. Summit Securities Group LLC bought a new position in shares of Viavi Solutions during the second quarter valued at $52,000. Finally, Sanctuary Advisors LLC bought a new position in Viavi Solutions during the 2nd quarter worth $76,000. 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.