Viavi Solutions Inc. (NASDAQ:VIAV) Given Consensus Recommendation of "Hold" by Brokerages

Viavi Solutions Inc. (NASDAQ:VIAV - Get Free Report) has earned an average recommendation of "Hold" from the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $12.50.

VIAV has been the topic of a number of research analyst reports. Stifel Nicolaus reaffirmed a "buy" rating and set a $13.00 price target (up previously from $12.00) on shares of Viavi Solutions in a research report on Friday, January 31st. B. Riley raised their target price on Viavi Solutions from $10.00 to $12.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. StockNews.com lowered Viavi Solutions from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 18th. Rosenblatt Securities upgraded Viavi Solutions from a "neutral" rating to a "buy" rating and set a $14.00 price target on the stock in a report on Friday, March 7th. Finally, Morgan Stanley lowered their price objective on shares of Viavi Solutions from $10.00 to $8.00 and set an "underweight" rating for the company in a research note on Tuesday, April 8th.

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Viavi Solutions Trading Up 0.1 %

Shares of NASDAQ:VIAV traded up $0.01 during trading on Thursday, reaching $10.06. The stock had a trading volume of 1,285,484 shares, compared to its average volume of 1,769,706. Viavi Solutions has a 52 week low of $6.60 and a 52 week high of $12.91. The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.18 and a current ratio of 3.55. The firm's fifty day moving average is $11.14 and its 200 day moving average is $10.44. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of -55.89 and a beta of 0.89.

Insider Activity at Viavi Solutions

In related news, SVP Luke M. Scrivanich sold 14,323 shares of Viavi Solutions stock in a transaction that occurred 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 transaction, the senior vice president now owns 55,877 shares of the company's stock, valued at $628,057.48. The trade was a 20.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Paul Mcnab sold 9,034 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $11.09, for a total value of $100,187.06. Following the completion of the sale, the executive vice president now directly owns 38,775 shares of the company's stock, valued at $430,014.75. The trade was a 18.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 37,164 shares of company stock valued at $411,122. 1.52% of the stock is owned by company insiders.

Institutional Trading of Viavi Solutions

Several institutional investors and hedge funds have recently made changes to their positions in the company. Picton Mahoney Asset Management grew its position in Viavi Solutions by 35.0% in the 4th quarter. Picton Mahoney Asset Management now owns 3,212 shares of the communications equipment provider's stock worth $32,000 after purchasing an additional 833 shares in the last quarter. USA Financial Formulas bought a new position in shares of Viavi Solutions in the first quarter valued at approximately $53,000. Sterling Capital Management LLC increased its position in shares of Viavi Solutions by 804.6% during the fourth quarter. Sterling Capital Management LLC now owns 6,938 shares of the communications equipment provider's stock valued at $70,000 after acquiring an additional 6,171 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in Viavi Solutions during the fourth quarter worth $75,000. Finally, Smartleaf Asset Management LLC boosted its position in Viavi Solutions by 836.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 8,323 shares of the communications equipment provider's stock worth $84,000 after purchasing an additional 7,434 shares during the last quarter. Hedge funds and other institutional investors own 95.54% of the company's stock.

About Viavi Solutions

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.