Viavi Solutions (NASDAQ:VIAV) Earns Neutral Rating from Analysts at UBS Group

UBS Group began coverage on shares of Viavi Solutions (NASDAQ:VIAV - Free Report) in a research report sent to investors on Tuesday, MarketBeat.com reports. The brokerage issued a neutral rating and a $10.60 target price on the communications equipment provider's stock.

A number of other research firms also recently commented on VIAV. Stifel Nicolaus dropped their price objective on Viavi Solutions from $13.00 to $10.50 and set a "buy" rating on the stock in a research note on Tuesday, August 6th. StockNews.com upgraded Viavi Solutions from a "hold" rating to a "buy" rating in a report on Tuesday, November 12th. B. Riley decreased their target price on Viavi Solutions from $9.00 to $8.50 and set a "neutral" rating on the stock in a report on Friday, August 9th. Northland Securities lifted their target price on Viavi Solutions from $11.00 to $13.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Finally, Rosenblatt Securities boosted their price target on Viavi Solutions from $8.25 to $10.50 and gave the stock a "neutral" rating in a research report on Friday, November 1st. Six research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $10.44.

Viavi Solutions Stock Performance

Viavi Solutions stock traded down $0.06 during mid-day trading on Tuesday, hitting $9.74. 760,628 shares of the company's stock traded hands, compared to its average volume of 1,793,719. The firm has a 50 day moving average price of $9.21 and a 200 day moving average price of $8.17. 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 company has a market cap of $2.16 billion, a PE ratio of -57.64 and a beta of 0.90. Viavi Solutions has a one year low of $6.60 and a one year high of $11.32.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last announced its earnings results on Thursday, October 31st. The communications equipment provider reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. The firm had revenue of $238.20 million for the quarter, compared to the consensus estimate of $240.09 million. Viavi Solutions had a positive return on equity of 2.22% and a negative net margin of 3.78%. The firm's revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.05 EPS. On average, equities analysts forecast that Viavi Solutions will post 0.19 EPS for the current year.

Insider Activity

In other news, Director Masood Jabbar sold 30,000 shares of the company's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $8.17, for a total value of $245,100.00. Following the sale, the director now directly owns 243,514 shares in the company, valued at approximately $1,989,509.38. This represents a 10.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Luke M. Scrivanich sold 3,029 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $8.86, for a total value of $26,836.94. Following the sale, the senior vice president now owns 57,319 shares in the company, valued at approximately $507,846.34. This trade represents a 5.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 93,652 shares of company stock worth $817,585. Company insiders own 1.52% of the company's stock.

Institutional Investors Weigh In On Viavi Solutions

A number of large investors have recently bought and sold shares of the business. Capital Performance Advisors LLP acquired a new position in Viavi Solutions during the 3rd quarter worth $25,000. Innealta Capital LLC bought a new position in shares of Viavi Solutions in the 2nd quarter valued at about $38,000. Quarry LP grew its holdings in shares of Viavi Solutions by 419.7% in the 2nd quarter. Quarry LP now owns 7,229 shares of the communications equipment provider's stock valued at $50,000 after acquiring an additional 5,838 shares in the last quarter. Summit Securities Group LLC bought a new position in shares of Viavi Solutions in the 2nd quarter valued at about $52,000. Finally, KBC Group NV grew its holdings in shares of Viavi Solutions by 53.0% in the 3rd quarter. KBC Group NV now owns 9,388 shares of the communications equipment provider's stock valued at $85,000 after acquiring an additional 3,252 shares in the last quarter. 95.54% of the stock is currently owned by institutional investors.

Viavi Solutions Company Profile

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.