Viavi Solutions (VIAV) Stock Rating Reaffirmed by Rosenblatt Securities

Rosenblatt Securities reaffirmed their buy rating on shares of Viavi Solutions (NASDAQ:VIAV) in a research note released on Sunday. Rosenblatt Securities currently has a $15.00 price target on the communications equipment provider’s stock.

“We believe Viavi could have a sustainable 5G testing business in the next 5 years. Viavi exceeded their revenue target for their 5G testing business based on the current pipeline, and we believe this strength will continue.”,” the firm’s analyst wrote.

Other equities analysts also recently issued research reports about the stock. TheStreet raised shares of Viavi Solutions from a c rating to a b- rating in a research note on Wednesday, February 6th. BidaskClub downgraded shares of Viavi Solutions from a strong-buy rating to a buy rating in a research note on Tuesday, February 5th. ValuEngine raised shares of Viavi Solutions from a hold rating to a buy rating in a research note on Monday, February 4th. Stifel Nicolaus started coverage on shares of Viavi Solutions in a research note on Monday, October 22nd. They set a buy rating and a $14.00 price target on the stock. Finally, Zacks Investment Research raised shares of Viavi Solutions from a hold rating to a buy rating and set a $13.00 price target on the stock in a research note on Saturday, February 9th. One investment analyst has rated the stock with a sell rating and eleven have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $12.88.

NASDAQ:VIAV opened at $12.06 on Friday. The company has a current ratio of 2.99, a quick ratio of 2.70 and a debt-to-equity ratio of 0.80. The company has a market cap of $2.75 billion, a price-to-earnings ratio of 35.47 and a beta of 0.84. Viavi Solutions has a fifty-two week low of $9.11 and a fifty-two week high of $12.82.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings results on Tuesday, February 5th. The communications equipment provider reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.06. The company had revenue of $298.40 million for the quarter, compared to the consensus estimate of $280.93 million. Viavi Solutions had a negative net margin of 3.76% and a positive return on equity of 15.82%. Viavi Solutions’s revenue was up 47.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.09 earnings per share. On average, equities analysts predict that Viavi Solutions will post 0.54 earnings per share for the current fiscal year.

In other news, Director Keith Barnes sold 11,074 shares of the firm’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $9.73, for a total value of $107,750.02. Following the transaction, the director now owns 98,471 shares of the company’s stock, valued at approximately $958,122.83. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last three months, insiders sold 13,149 shares of company stock worth $127,959. Insiders own 0.50% of the company’s stock.

Several hedge funds have recently modified their holdings of VIAV. Meeder Asset Management Inc. purchased a new stake in Viavi Solutions during the 4th quarter worth $31,000. Pearl River Capital LLC purchased a new stake in Viavi Solutions during the 4th quarter worth $45,000. First Quadrant L P CA purchased a new stake in Viavi Solutions during the 4th quarter worth $76,000. Raymond James & Associates purchased a new stake in Viavi Solutions during the 2nd quarter worth $109,000. Finally, Main Street Research LLC purchased a new stake in Viavi Solutions during the 3rd quarter worth $121,000. 90.56% of the stock is currently owned by institutional investors and hedge funds.

Viavi Solutions Company Profile

Viavi Solutions Inc provides network test, monitoring, and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil government, military, and avionics customers worldwide. The company operates through Network Enablement, Service Enablement, and Optical Security and Performance Products segments.

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Analyst Recommendations for Viavi Solutions (NASDAQ:VIAV)

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