UBS Group Begins Coverage on Viavi Solutions (NASDAQ:VIAV)

Equities researchers at UBS Group started coverage on shares of Viavi Solutions (NASDAQ:VIAV) in a research report issued on Tuesday, MarketBeat.com reports. The brokerage set a “neutral” rating and a $10.60 price target on the communications equipment provider’s stock. UBS Group’s price target would suggest a potential upside of 7.94% from the company’s current price.

A number of other equities analysts have also weighed in on VIAV. Stifel Nicolaus dropped their price target on shares of Viavi Solutions from $13.00 to $10.50 and set a “buy” rating for the company in a research report on Tuesday, August 6th. B. Riley dropped their target price on shares of Viavi Solutions from $9.00 to $8.50 and set a “neutral” rating for the company in a report on Friday, August 9th. Rosenblatt Securities raised their price target on Viavi Solutions from $8.25 to $10.50 and gave the company a “neutral” rating in a report on Friday, November 1st. Needham & Company LLC reaffirmed a “hold” rating on shares of Viavi Solutions in a research note on Friday, November 1st. Finally, StockNews.com upgraded Viavi Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Six research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $10.44.

Viavi Solutions Trading Up 0.7 %

NASDAQ:VIAV opened at $9.82 on Tuesday. Viavi Solutions has a one year low of $6.60 and a one year high of $11.32. The business has a fifty day moving average price of $9.27 and a 200-day moving average price of $8.20. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of -57.76 and a beta of 0.90. 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 issued its quarterly earnings results on Thursday, October 31st. The communications equipment provider reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06. The business had revenue of $238.20 million during the quarter, compared to analysts’ expectations of $240.09 million. Viavi Solutions had a positive return on equity of 2.22% and a negative net margin of 3.78%. The business’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.05 earnings per share. Sell-side analysts forecast that Viavi Solutions will post 0.19 EPS for the current year.

Insider Buying and Selling at Viavi Solutions

In related news, EVP Paul Mcnab sold 5,920 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $8.45, for a total value of $50,024.00. Following the completion of the transaction, the executive vice president now owns 34,545 shares of the company’s stock, valued at approximately $291,905.25. This trade represents a 14.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Masood Jabbar sold 15,000 shares of Viavi Solutions stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $10.14, for a total value of $152,100.00. Following the completion of the transaction, the director now owns 225,333 shares of the company’s stock, valued at approximately $2,284,876.62. This represents a 6.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 62,381 shares of company stock worth $562,279 in the last quarter. 1.52% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Viavi Solutions

Several institutional investors have recently modified their holdings of VIAV. Capital Performance Advisors LLP purchased a new stake in Viavi Solutions during the 3rd quarter valued at $25,000. Innealta Capital LLC bought a new position in Viavi Solutions during the second quarter valued at $38,000. Quarry LP raised its stake in shares of Viavi Solutions by 419.7% in the second quarter. Quarry LP now owns 7,229 shares of the communications equipment provider’s stock valued at $50,000 after acquiring an additional 5,838 shares during the period. Summit Securities Group LLC bought a new stake in shares of Viavi Solutions in the 2nd quarter worth about $52,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Viavi Solutions during the 2nd quarter worth about $76,000. 95.54% of the stock is owned by institutional investors.

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.