Viavi Solutions (NASDAQ:VIAV) Raised to Strong-Buy at StockNews.com

Viavi Solutions (NASDAQ:VIAV) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Monday.

A number of other brokerages also recently commented on VIAV. Northland Securities reissued an “outperform” rating and issued a $14.00 price objective (up previously from $13.00) on shares of Viavi Solutions in a research note on Friday, January 31st. Morgan Stanley boosted their target price on shares of Viavi Solutions from $9.50 to $10.00 and gave the stock an “underweight” rating in a report on Friday, January 31st. UBS Group lifted their price objective on shares of Viavi Solutions from $10.60 to $11.50 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Stifel Nicolaus restated a “buy” rating and issued a $13.00 target price (up from $12.00) on shares of Viavi Solutions in a research note on Friday, January 31st. Finally, Needham & Company LLC raised Viavi Solutions from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $11.88.

Viavi Solutions Price Performance

VIAV opened at $12.51 on Monday. The company has a current ratio of 3.55, a quick ratio of 3.18 and a debt-to-equity ratio of 0.94. The business’s fifty day simple moving average is $10.39 and its 200-day simple moving average is $9.34. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of -69.50 and a beta of 0.92. Viavi Solutions has a 12-month low of $6.60 and a 12-month high of $12.91.

Insiders Place Their Bets

In other Viavi Solutions news, Director Masood Jabbar sold 15,000 shares of the stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $10.14, for a total transaction of $152,100.00. Following the sale, the director now directly owns 225,333 shares of the company’s stock, valued at approximately $2,284,876.62. This trade represents a 6.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Luke M. Scrivanich sold 2,802 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $10.43, for a total value of $29,224.86. Following the completion of the transaction, the senior vice president now directly owns 54,517 shares of the company’s stock, 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. In the last 90 days, insiders sold 47,802 shares of company stock valued at $481,625. 1.52% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of VIAV. Capital Performance Advisors LLP acquired a new position in shares of Viavi Solutions in the 3rd quarter valued at $25,000. Venturi Wealth Management LLC acquired a new stake in Viavi Solutions in the fourth quarter valued at approximately $75,000. Sanctuary Advisors LLC purchased a new stake in shares of Viavi Solutions in the second quarter valued at approximately $76,000. KBC Group NV lifted its position in shares of Viavi Solutions by 53.0% during the 3rd quarter. KBC Group NV now owns 9,388 shares of the communications equipment provider’s stock valued at $85,000 after buying an additional 3,252 shares in the last quarter. Finally, Gilbert & Cook Inc. acquired a new stake in Viavi Solutions in the 3rd quarter valued at $95,000. 95.54% of the stock is currently owned by hedge funds and other institutional investors.

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.