Rosenblatt Securities Has Lowered Expectations for Viavi Solutions (NASDAQ:VIAV) Stock Price

Viavi Solutions (NASDAQ:VIAV - Free Report) had its price target trimmed by Rosenblatt Securities from $14.00 to $12.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the communications equipment provider's stock.

VIAV has been the subject of several other reports. B. Riley upped their target price on Viavi Solutions from $10.00 to $12.00 and gave the company a "neutral" rating in a report on Friday, January 31st. StockNews.com lowered shares of Viavi Solutions from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 18th. UBS Group lifted their price objective on shares of Viavi Solutions from $10.60 to $11.50 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Morgan Stanley decreased their price objective on Viavi Solutions from $10.00 to $8.00 and set an "underweight" rating for the company in a report on Tuesday, April 8th. Finally, Northland Securities reaffirmed an "outperform" rating and issued a $14.00 price target (up from $13.00) on shares of Viavi Solutions in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, Viavi Solutions presently has a consensus rating of "Moderate Buy" and a consensus target price of $12.28.

Viavi Solutions Stock Up 1.9 %

VIAV stock traded up $0.20 during midday trading on Tuesday, reaching $10.50. 370,606 shares of the company's stock traded hands, compared to its average volume of 1,759,494. The company has a market cap of $2.33 billion, a price-to-earnings ratio of -58.30 and a beta of 0.89. The firm's fifty day moving average price is $10.80 and its 200-day moving average price is $10.47. Viavi Solutions has a 52 week low of $6.60 and a 52 week high of $12.91. The company has a quick ratio of 3.18, a current ratio of 3.55 and a debt-to-equity ratio of 0.94.

Insider Buying and Selling

In related news, SVP James L. Veler, Jr. sold 13,807 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $10.86, for a total transaction of $149,944.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Luke M. Scrivanich sold 14,323 shares of Viavi Solutions stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $11.24, for a total transaction of $160,990.52. Following the completion of the transaction, the senior vice president now directly owns 55,877 shares in the company, valued at approximately $628,057.48. The trade was a 20.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 37,164 shares of company stock worth $411,122 in the last quarter. 1.52% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of VIAV. KBC Group NV grew its position in shares of Viavi Solutions by 38.1% in the 1st quarter. KBC Group NV now owns 12,967 shares of the communications equipment provider's stock worth $145,000 after buying an additional 3,579 shares during the last quarter. Illinois Municipal Retirement Fund boosted its holdings in Viavi Solutions by 3.9% in the first quarter. Illinois Municipal Retirement Fund now owns 115,766 shares of the communications equipment provider's stock valued at $1,295,000 after acquiring an additional 4,357 shares in the last quarter. USA Financial Formulas purchased a new position in Viavi Solutions during the 1st quarter valued at $53,000. Assenagon Asset Management S.A. raised its holdings in Viavi Solutions by 36.0% in the 1st quarter. Assenagon Asset Management S.A. now owns 880,328 shares of the communications equipment provider's stock worth $9,851,000 after purchasing an additional 232,951 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in Viavi Solutions by 22.5% in the first quarter. Handelsbanken Fonder AB now owns 81,610 shares of the communications equipment provider's stock worth $913,000 after buying an additional 15,000 shares during the period. Hedge funds and other 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.