Viavi Solutions' (VIAV) Outperform Rating Reiterated at Northland Securities

Northland Securities restated their outperform rating on shares of Viavi Solutions (NASDAQ:VIAV - Free Report) in a research note published on Friday morning,Benzinga reports. They currently have a $14.00 price objective on the communications equipment provider's stock, up from their previous price objective of $13.00.

Several other analysts have also recently issued reports on the stock. Needham & Company LLC restated a "hold" rating on shares of Viavi Solutions in a research report on Monday, December 16th. StockNews.com raised Viavi Solutions from a "hold" rating to a "buy" rating in a research note on Thursday, January 9th. Morgan Stanley reissued an "underweight" rating and set a $9.50 target price (up previously from $8.00) on shares of Viavi Solutions in a research report on Tuesday, December 17th. UBS Group began coverage on Viavi Solutions in a research report on Tuesday, November 19th. They issued a "neutral" rating and a $10.60 price target for the company. Finally, Rosenblatt Securities boosted their price objective on shares of Viavi Solutions from $8.25 to $10.50 and gave the company a "neutral" rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $11.88.

Viavi Solutions Price Performance

Shares of VIAV stock traded up $0.19 on Friday, reaching $12.52. The company's stock had a trading volume of 2,303,541 shares, compared to its average volume of 2,436,823. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of -69.52 and a beta of 0.92. The stock's fifty day simple moving average is $10.34 and its 200-day simple moving average is $9.30. The company has a current ratio of 3.55, a quick ratio of 3.18 and a debt-to-equity ratio of 0.94. Viavi Solutions has a 1 year low of $6.60 and a 1 year high of $12.91.

Insider Activity at Viavi Solutions

In related news, SVP Luke M. Scrivanich sold 2,802 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $10.43, for a total value of $29,224.86. Following the completion of the sale, the senior vice president now owns 54,517 shares in the company, valued at approximately $568,612.31. The trade was a 4.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Masood Jabbar sold 30,000 shares of the firm's stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $10.01, for a total value of $300,300.00. Following the transaction, the director now owns 180,333 shares in the company, valued at $1,805,133.33. The trade was a 14.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,802 shares of company stock worth $481,625 in the last 90 days. 1.52% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Viavi Solutions

Several large investors have recently modified their holdings of the business. Millennium Management LLC raised its stake in Viavi Solutions by 41.6% in the second quarter. Millennium Management LLC now owns 396,227 shares of the communications equipment provider's stock worth $2,722,000 after buying an additional 116,355 shares in the last quarter. Mackenzie Financial Corp lifted its stake in shares of Viavi Solutions by 93.7% during the 2nd quarter. Mackenzie Financial Corp now owns 27,382 shares of the communications equipment provider's stock worth $188,000 after purchasing an additional 13,247 shares during the last quarter. Algert Global LLC bought a new stake in Viavi Solutions during the second quarter valued at about $154,000. Quarry LP grew its stake in 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 purchasing an additional 5,838 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in Viavi Solutions in the second quarter worth about $76,000. Institutional investors own 95.54% of the company's stock.

Viavi Solutions Company Profile

Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.