Viavi Solutions Inc. (NASDAQ:VIAV) Receives Average Rating of "Hold" from Brokerages

Shares of Viavi Solutions Inc. (NASDAQ:VIAV - Get Free Report) have been assigned an average recommendation of "Hold" from the nine analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $12.33.

Several equities research analysts recently issued reports on VIAV shares. StockNews.com raised shares of Viavi Solutions from a "buy" rating to a "strong-buy" rating in a research note on Monday, February 3rd. Rosenblatt Securities lifted their price target on shares of Viavi Solutions from $8.25 to $10.50 and gave the stock a "neutral" rating in a research note on Friday, November 1st. Northland Securities reaffirmed an "outperform" rating and set a $14.00 price target (up previously from $13.00) on shares of Viavi Solutions in a research note on Friday, January 31st. UBS Group lifted their price target on shares of Viavi Solutions from $10.60 to $11.50 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Finally, Argus lifted their price target on shares of Viavi Solutions from $13.00 to $16.00 and gave the stock a "buy" rating in a research note on Wednesday, February 5th.

Viavi Solutions Trading Down 2.2 %

Shares of VIAV stock traded down $0.26 during mid-day trading on Wednesday, reaching $11.60. The company's stock had a trading volume of 2,397,599 shares, compared to its average volume of 2,366,270. The company's 50 day simple moving average is $10.86 and its 200-day simple moving average is $9.70. Viavi Solutions has a 12-month low of $6.60 and a 12-month 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. The firm has a market capitalization of $2.58 billion, a PE ratio of -64.44 and a beta of 0.92.

Insider Activity

In other news, SVP Luke M. Scrivanich sold 2,802 shares of Viavi Solutions stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $10.43, for a total value of $29,224.86. Following the completion of the transaction, the senior vice president now directly owns 54,517 shares of the company's stock, valued at approximately $568,612.31. The trade was a 4.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Masood Jabbar sold 30,000 shares of Viavi Solutions stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $10.01, for a total transaction of $300,300.00. Following the completion of the transaction, the director now directly owns 180,333 shares of the company's stock, valued at $1,805,133.33. This trade represents a 14.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.52% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP boosted its stake in Viavi Solutions by 26.3% during the 4th quarter. Wellington Management Group LLP now owns 19,614,684 shares of the communications equipment provider's stock valued at $198,108,000 after purchasing an additional 4,085,648 shares during the period. T. Rowe Price Investment Management Inc. boosted its stake in Viavi Solutions by 1.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 10,524,395 shares of the communications equipment provider's stock valued at $106,297,000 after purchasing an additional 171,746 shares during the period. Schroder Investment Management Group boosted its stake in Viavi Solutions by 1.6% during the 4th quarter. Schroder Investment Management Group now owns 7,040,890 shares of the communications equipment provider's stock valued at $70,972,000 after purchasing an additional 112,978 shares during the period. Dimensional Fund Advisors LP boosted its stake in Viavi Solutions by 10.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,398,610 shares of the communications equipment provider's stock valued at $64,626,000 after purchasing an additional 620,773 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Viavi Solutions by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 5,307,974 shares of the communications equipment provider's stock valued at $47,887,000 after purchasing an additional 54,633 shares during the period. 95.54% of the stock is owned by institutional investors and hedge funds.

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.