Viavi Solutions (NASDAQ:VIAV) Upgraded to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of Viavi Solutions (NASDAQ:VIAV) from a buy rating to a strong-buy rating in a research note published on Monday.

Several other analysts also recently issued reports on VIAV. B. Riley upped their price target on shares of Viavi Solutions from $10.00 to $12.00 and gave the company a “neutral” rating in a report on Friday, January 31st. Rosenblatt Securities raised shares of Viavi Solutions from a “neutral” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Friday. Morgan Stanley increased their price objective on shares of Viavi Solutions from $9.50 to $10.00 and gave the stock an “underweight” rating in a research report on Friday, January 31st. Northland Securities restated an “outperform” rating and issued a $14.00 target price (up from $13.00) on shares of Viavi Solutions in a research note on Friday, January 31st. Finally, Argus increased their price objective on shares of Viavi Solutions from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has issued 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 an average target price of $12.72.

Viavi Solutions Stock Down 2.1 %

VIAV stock opened at $10.71 on Monday. The company has a market cap of $2.38 billion, a P/E ratio of -59.50 and a beta of 0.94. Viavi Solutions has a 52 week low of $6.60 and a 52 week high of $12.91. The company’s 50-day moving average price is $11.02 and its 200 day moving average price is $9.99. The company has a current ratio of 3.55, a quick ratio of 3.18 and a debt-to-equity ratio of 0.94.

Insider Buying and Selling

In related news, SVP James L. Veler, Jr. sold 13,807 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $10.86, for a total value of $149,944.02. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Luke M. Scrivanich sold 2,802 shares of the firm’s stock in a transaction that occurred on 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 sale, the senior vice president now owns 54,517 shares in the company, valued at approximately $568,612.31. This represents a 4.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,966 shares of company stock valued at $740,646. Insiders own 1.52% of the company’s stock.

Hedge Funds Weigh In On Viavi Solutions

Hedge funds have recently modified their holdings of the company. Capital Performance Advisors LLP bought a new stake in shares of Viavi Solutions during the 3rd quarter worth $25,000. Picton Mahoney Asset Management boosted its position 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 purchasing an additional 833 shares during the last quarter. Sterling Capital Management LLC boosted its position in Viavi Solutions by 804.6% during the fourth quarter. Sterling Capital Management LLC now owns 6,938 shares of the communications equipment provider’s stock valued at $70,000 after purchasing an additional 6,171 shares during the last quarter. Venturi Wealth Management LLC bought a new position in Viavi Solutions during the fourth quarter valued at about $75,000. Finally, Smartleaf Asset Management LLC raised its holdings in Viavi Solutions by 836.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 8,323 shares of the communications equipment provider’s stock valued at $84,000 after buying an additional 7,434 shares in the last quarter. 95.54% of the stock is currently owned by institutional investors and hedge funds.

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.