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

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

A number of brokerages recently issued reports on VIAV. B. Riley reduced their target price on Viavi Solutions from $9.00 to $8.50 and set a “neutral” rating for the company in a research note on Friday, August 9th. Rosenblatt Securities lowered Viavi Solutions from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $10.00 to $8.25 in a research note on Wednesday, June 26th. Stifel Nicolaus reduced their price objective on Viavi Solutions from $13.00 to $10.50 and set a “buy” rating for the company in a research note on Tuesday, August 6th. StockNews.com upgraded Viavi Solutions from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Viavi Solutions in a research note on Friday, August 9th.

Insider Buying and Selling

In other news, Director Masood Jabbar sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $8.17, for a total transaction of $245,100.00. Following the transaction, the director now directly owns 243,514 shares in the company, valued at approximately $1,989,509.38. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Masood Jabbar sold 30,000 shares of Viavi Solutions stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $8.17, for a total transaction of $245,100.00. Following the sale, the director now owns 243,514 shares of the company’s stock, valued at approximately $1,989,509.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Paul Mcnab sold 7,324 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $7.52, for a total value of $55,076.48. Following the completion of the sale, the executive vice president now directly owns 35,631 shares in the company, valued at approximately $267,945.12. The disclosure for this sale can be found here. In the last three months, insiders have sold 67,947 shares of company stock worth $556,175. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Viavi Solutions

Institutional investors have recently modified their holdings of the business. Sequoia Financial Advisors LLC grew its stake in shares of Viavi Solutions by 11.3% during the first quarter. Sequoia Financial Advisors LLC now owns 17,326 shares of the communications equipment provider’s stock worth $157,000 after purchasing an additional 1,756 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Viavi Solutions by 1.9% during the second quarter. Louisiana State Employees Retirement System now owns 112,300 shares of the communications equipment provider’s stock worth $772,000 after purchasing an additional 2,100 shares in the last quarter. First National Bank of Omaha grew its stake in shares of Viavi Solutions by 5.4% during the fourth quarter. First National Bank of Omaha now owns 51,146 shares of the communications equipment provider’s stock worth $515,000 after purchasing an additional 2,633 shares in the last quarter. Texas Permanent School Fund Corp grew its stake in shares of Viavi Solutions by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 194,787 shares of the communications equipment provider’s stock worth $1,771,000 after purchasing an additional 2,754 shares in the last quarter. Finally, QRG Capital Management Inc. grew its stake in shares of Viavi Solutions by 15.6% during the first quarter. QRG Capital Management Inc. now owns 21,340 shares of the communications equipment provider’s stock worth $194,000 after purchasing an additional 2,883 shares in the last quarter. Institutional investors and hedge funds own 95.54% of the company’s stock.

Viavi Solutions Stock Down 1.8 %

Shares of NASDAQ:VIAV opened at $8.38 on Friday. Viavi Solutions has a 52-week low of $6.60 and a 52-week high of $11.32. The stock has a market cap of $1.87 billion, a P/E ratio of -419.00 and a beta of 0.91. The business’s 50 day moving average is $7.99 and its 200 day moving average is $8.08. The company has a quick ratio of 3.16, a current ratio of 3.55 and a debt-to-equity ratio of 0.93.

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

About Viavi Solutions

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.