Viavi Solutions Inc. (NASDAQ:VIAV) Short Interest Down 22.4% in January

Viavi Solutions Inc. (NASDAQ:VIAV) was the recipient of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 4,160,000 shares, a decline of 22.4% from the January 15th total of 5,360,000 shares. Approximately 1.9% of the company’s shares are short sold. Based on an average trading volume of 1,950,000 shares, the short-interest ratio is presently 2.1 days.

Analyst Upgrades and Downgrades

VIAV has been the subject of a number of research reports. B. Riley boosted their price target on Viavi Solutions from $10.00 to $12.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Needham & Company LLC raised Viavi Solutions from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Friday, January 31st. UBS Group upped their target price on 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 reaffirmed a “buy” rating and issued a $13.00 target price (up previously from $12.00) on shares of Viavi Solutions in a research report on Friday, January 31st. Finally, Rosenblatt Securities upped their target price on Viavi Solutions from $8.25 to $10.50 and gave the stock a “neutral” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.33.

Insider Buying and Selling at Viavi Solutions

In other Viavi Solutions news, Director Masood Jabbar sold 30,000 shares of the business’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $10.01, for a total transaction of $300,300.00. Following the completion of the sale, the director now owns 180,333 shares of the company’s stock, valued at approximately $1,805,133.33. The trade was a 14.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 sale, 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. 1.52% of the stock is owned by company insiders.

Institutional Trading of Viavi Solutions

Several institutional investors and hedge funds have recently bought and sold shares of the company. Picton Mahoney Asset Management raised its stake in Viavi Solutions by 35.0% during the fourth quarter. Picton Mahoney Asset Management now owns 3,212 shares of the communications equipment provider’s stock valued at $32,000 after buying an additional 833 shares in the last quarter. Sanctuary Advisors LLC raised its stake in Viavi Solutions by 8.1% during the fourth quarter. Sanctuary Advisors LLC now owns 17,226 shares of the communications equipment provider’s stock valued at $172,000 after buying an additional 1,288 shares in the last quarter. Xponance Inc. raised its stake in Viavi Solutions by 11.5% during the fourth quarter. Xponance Inc. now owns 15,977 shares of the communications equipment provider’s stock valued at $161,000 after buying an additional 1,649 shares in the last quarter. Park Avenue Securities LLC raised its stake in Viavi Solutions by 15.4% during the fourth quarter. Park Avenue Securities LLC now owns 13,442 shares of the communications equipment provider’s stock valued at $136,000 after buying an additional 1,792 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in Viavi Solutions by 5.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 43,732 shares of the communications equipment provider’s stock valued at $442,000 after buying an additional 2,277 shares in the last quarter. Institutional investors and hedge funds own 95.54% of the company’s stock.

Viavi Solutions Trading Down 0.7 %

NASDAQ:VIAV opened at $12.15 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.18 and a current ratio of 3.55. Viavi Solutions has a one year low of $6.60 and a one year high of $12.91. The business’s 50-day simple moving average is $10.74 and its 200 day simple moving average is $9.59. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of -67.50 and a beta of 0.92.

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.