Analysts Set Viavi Solutions Inc. (VIAV) PT at $13.14

Viavi Solutions Inc. (NASDAQ:VIAV) has received a consensus rating of “Hold” from the eleven ratings firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $13.14.

Several equities analysts have recently commented on VIAV shares. Zacks Investment Research downgraded Viavi Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, August 19th. BidaskClub downgraded Viavi Solutions from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Needham & Company LLC reiterated a “hold” rating on shares of Viavi Solutions in a research report on Thursday, October 12th. Stifel Nicolaus reiterated a “hold” rating on shares of Viavi Solutions in a research report on Tuesday, October 24th. Finally, B. Riley reiterated a “buy” rating and issued a $12.50 target price on shares of Viavi Solutions in a research report on Sunday, August 20th.

In related news, EVP Paul Mcnab sold 3,003 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $9.05, for a total value of $27,177.15. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard Belluzzo sold 10,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $9.00, for a total value of $90,000.00. Following the completion of the sale, the director now owns 198,910 shares in the company, valued at $1,790,190. The disclosure for this sale can be found here. Insiders sold 94,610 shares of company stock worth $897,523 over the last quarter. 0.59% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. GSA Capital Partners LLP increased its stake in Viavi Solutions by 54.5% during the third quarter. GSA Capital Partners LLP now owns 77,068 shares of the communications equipment provider’s stock worth $729,000 after acquiring an additional 27,192 shares during the last quarter. Neuberger Berman Group LLC increased its stake in Viavi Solutions by 6.7% during the third quarter. Neuberger Berman Group LLC now owns 2,038,961 shares of the communications equipment provider’s stock worth $19,289,000 after acquiring an additional 127,313 shares during the last quarter. Cubist Systematic Strategies LLC increased its stake in Viavi Solutions by 163.7% during the third quarter. Cubist Systematic Strategies LLC now owns 79,182 shares of the communications equipment provider’s stock worth $749,000 after acquiring an additional 49,158 shares during the last quarter. Engineers Gate Manager LP bought a new stake in Viavi Solutions during the third quarter worth approximately $656,000. Finally, Graticule Asia Macro Advisors LLC bought a new stake in Viavi Solutions during the third quarter worth approximately $4,660,000. 92.49% of the stock is currently owned by institutional investors.

Shares of Viavi Solutions (NASDAQ VIAV) traded down $0.04 during trading on Thursday, hitting $8.89. The stock had a trading volume of 1,263,773 shares, compared to its average volume of 3,045,079. Viavi Solutions has a fifty-two week low of $7.90 and a fifty-two week high of $11.89. The stock has a market capitalization of $2,020.00, a P/E ratio of 30.60, a price-to-earnings-growth ratio of 1.50 and a beta of 1.89. The company has a quick ratio of 2.10, a current ratio of 2.20 and a debt-to-equity ratio of 0.47.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings data on Wednesday, November 1st. The communications equipment provider reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.06. Viavi Solutions had a return on equity of 8.99% and a net margin of 10.57%. The business had revenue of $195.20 million for the quarter, compared to the consensus estimate of $183.89 million. During the same period in the previous year, the business earned $0.09 earnings per share. The business’s revenue was down 7.4% on a year-over-year basis. analysts forecast that Viavi Solutions will post 0.31 earnings per share for the current year.

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Viavi Solutions Company Profile

Viavi Solutions Inc (Viavi) is a provider of network test, monitoring and assurance solutions to communications service providers, enterprises and their ecosystems. The Company also offers thin film optical coatings, providing light management solutions to anti-counterfeiting, consumer and industrial, government and healthcare and other markets.

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