Viavi Solutions Inc. (NASDAQ:VIAV) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of Viavi Solutions Inc. (NASDAQ:VIAV - Get Free Report) have earned an average recommendation of "Moderate Buy" from the eight ratings firms that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $10.71.

Several analysts recently weighed in on VIAV shares. Rosenblatt Securities cut shares of Viavi Solutions from a "buy" rating to a "neutral" rating and reduced their target price for the company from $10.00 to $8.25 in a report on Wednesday, June 26th. Needham & Company LLC restated a "hold" rating on shares of Viavi Solutions in a research report on Friday, August 9th. StockNews.com upgraded shares of Viavi Solutions from a "hold" rating to a "buy" rating in a research report on Tuesday, September 10th. B. Riley lowered their price objective on shares of Viavi Solutions from $9.00 to $8.50 and set a "neutral" rating on the stock in a research report on Friday, August 9th. Finally, Stifel Nicolaus decreased their target price on shares of Viavi Solutions from $13.00 to $10.50 and set a "buy" rating on the stock in a research report on Tuesday, August 6th.

Insider Activity at Viavi Solutions

In related news, EVP Paul Mcnab sold 7,324 shares of the business's stock in a transaction dated 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 transaction, the executive vice president now owns 35,631 shares of the company's stock, valued at approximately $267,945.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Paul Mcnab sold 7,324 shares of the company's stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $7.52, for a total transaction of $55,076.48. Following the completion of the transaction, the executive vice president now owns 35,631 shares of the company's stock, valued at $267,945.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Masood Jabbar sold 30,000 shares of the company's stock in a transaction dated Wednesday, August 21st. The shares were 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 of the company's stock, valued at approximately $1,989,509.38. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 85,976 shares of company stock valued at $720,562. 1.80% of the stock is owned by insiders.

Institutional Trading of Viavi Solutions

Institutional investors have recently modified their holdings of the company. Innealta Capital LLC purchased a new position in Viavi Solutions in the 2nd quarter worth approximately $38,000. Quarry LP raised its position in shares of Viavi Solutions by 419.7% during the 2nd 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 in the last quarter. Summit Securities Group LLC acquired a new stake in shares of Viavi Solutions during the 2nd quarter valued at approximately $52,000. Headlands Technologies LLC acquired a new stake in shares of Viavi Solutions during the 1st quarter valued at approximately $55,000. Finally, Sanctuary Advisors LLC acquired a new stake in Viavi Solutions in the second quarter worth $76,000. Hedge funds and other institutional investors own 95.54% of the company's stock.

Viavi Solutions Stock Up 0.9 %

Shares of NASDAQ VIAV traded up $0.08 during midday trading on Thursday, hitting $9.33. The company's stock had a trading volume of 1,038,861 shares, compared to its average volume of 1,784,343. The business's fifty day simple moving average is $8.48 and its two-hundred day simple moving average is $7.96. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.55 and a quick ratio of 3.16. Viavi Solutions has a 1 year low of $6.60 and a 1 year high of $11.32. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of -466.50 and a beta of 0.91.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The communications equipment provider reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. Viavi Solutions had a negative net margin of 2.58% and a positive return on equity of 3.81%. The business had revenue of $252.00 million during the quarter, compared to analyst estimates of $251.83 million. On average, equities 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.