Viavi Solutions Inc. (NASDAQ:VIAV) Receives $10.42 Consensus Target Price 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 presently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $10.42.

A number of equities research analysts have commented on the stock. Stifel Nicolaus decreased their price objective on shares of Viavi Solutions from $13.00 to $10.50 and set a "buy" rating on the stock in a report on Tuesday, August 6th. Needham & Company LLC reissued a "hold" rating on shares of Viavi Solutions in a research note on Friday, November 1st. Northland Securities raised their price target on shares of Viavi Solutions from $11.00 to $13.00 and gave the company an "outperform" rating in a report on Friday, November 1st. B. Riley reduced their price objective on Viavi Solutions from $9.00 to $8.50 and set a "neutral" rating on the stock in a report on Friday, August 9th. Finally, StockNews.com cut Viavi Solutions from a "buy" rating to a "hold" rating in a research note on Monday, November 4th.

Viavi Solutions Stock Performance

VIAV traded up $0.09 during trading on Monday, reaching $10.62. 636,686 shares of the company's stock were exchanged, compared to its average volume of 1,798,649. Viavi Solutions has a fifty-two week low of $6.60 and a fifty-two week high of $11.32. The company has a market capitalization of $2.36 billion, a P/E ratio of -61.94 and a beta of 0.90. The company has a quick ratio of 3.31, a current ratio of 3.71 and a debt-to-equity ratio of 0.91. The business has a 50 day moving average price of $8.97 and a 200 day moving average price of $8.08.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last posted its earnings results on Thursday, October 31st. The communications equipment provider reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. Viavi Solutions had a negative net margin of 3.78% and a positive return on equity of 2.22%. The business had revenue of $238.20 million for the quarter, compared to analyst estimates of $240.09 million. During the same quarter in the prior year, the firm earned $0.05 EPS. The firm's quarterly revenue was down 3.9% compared to the same quarter last year. As a group, analysts predict that Viavi Solutions will post 0.17 earnings per share for the current fiscal year.

Insider Activity

In other Viavi Solutions news, Director Masood Jabbar sold 15,000 shares of the company's stock in a transaction on Monday, October 14th. The stock was sold at an average price of $9.17, for a total transaction of $137,550.00. Following the completion of the sale, the director now directly owns 213,514 shares in the company, valued at $1,957,923.38. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Viavi Solutions news, SVP Kevin Christopher Siebert sold 8,432 shares of the company's stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $8.63, for a total value of $72,768.16. Following the completion of the transaction, the senior vice president now directly owns 56,617 shares in the company, valued at approximately $488,604.71. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Masood Jabbar sold 15,000 shares of the firm's stock in a transaction on Monday, October 14th. The stock was sold at an average price of $9.17, for a total value of $137,550.00. Following the transaction, the director now directly owns 213,514 shares of the company's stock, valued at approximately $1,957,923.38. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 85,976 shares of company stock worth $720,562. 1.52% of the stock is currently owned by company insiders.

Institutional Trading of Viavi Solutions

Several institutional investors have recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP bought a new position in shares of Viavi Solutions during the 3rd quarter worth approximately $25,000. Innealta Capital LLC bought a new position in shares of Viavi Solutions during the 2nd quarter worth approximately $38,000. Headlands Technologies LLC bought a new position in shares of Viavi Solutions during the 1st quarter worth approximately $55,000. Quarry LP boosted its holdings 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 worth $50,000 after buying an additional 5,838 shares in the last quarter. Finally, Summit Securities Group LLC bought a new position in shares of Viavi Solutions during the 2nd quarter worth approximately $52,000. 95.54% of the stock is currently owned by institutional investors.

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.