Viavi Solutions (NASDAQ:VIAV) Rating Lowered to Buy at StockNews.com

Viavi Solutions (NASDAQ:VIAV - Get Free Report) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a report issued on Tuesday.

Several other brokerages have also recently issued reports on VIAV. Morgan Stanley boosted their price target on Viavi Solutions from $9.50 to $10.00 and gave the company an "underweight" rating in a research note on Friday, January 31st. B. Riley boosted their price objective on shares of Viavi Solutions from $10.00 to $12.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. Needham & Company LLC upgraded shares of Viavi Solutions from a "hold" rating to a "buy" rating and set a $15.00 price objective for the company in a research report on Friday, January 31st. Northland Securities reiterated an "outperform" rating and set a $14.00 price target (up from $13.00) on shares of Viavi Solutions in a report on Friday, January 31st. Finally, Argus upped their price target on shares of Viavi Solutions from $13.00 to $16.00 and gave the stock a "buy" rating in a report on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $12.33.

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Viavi Solutions Stock Performance

Shares of NASDAQ:VIAV traded up $0.10 during trading on Tuesday, reaching $11.18. 2,054,674 shares of the stock were exchanged, compared to its average volume of 2,308,492. Viavi Solutions has a 12 month low of $6.60 and a 12 month high of $12.91. The firm has a market cap of $2.48 billion, a PE ratio of -62.11 and a beta of 0.92. The stock has a 50-day moving average price of $10.93 and a 200-day moving average price of $9.83. The company has a current ratio of 3.55, a quick ratio of 3.18 and a debt-to-equity ratio of 0.94.

Insider Activity at Viavi Solutions

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

Institutional Trading of Viavi Solutions

A number of institutional investors have recently bought and sold shares of the company. Jefferies Financial Group Inc. bought a new stake in Viavi Solutions during the fourth quarter valued at $2,059,000. Mackenzie Financial Corp boosted its position in Viavi Solutions by 117.5% during the fourth quarter. Mackenzie Financial Corp now owns 59,492 shares of the communications equipment provider's stock valued at $601,000 after acquiring an additional 32,145 shares during the last quarter. Neo Ivy Capital Management bought a new stake in Viavi Solutions during the fourth quarter valued at $188,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Viavi Solutions by 26.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 509,746 shares of the communications equipment provider's stock valued at $5,148,000 after acquiring an additional 107,917 shares during the last quarter. Finally, Woodline Partners LP boosted its position in Viavi Solutions by 423.7% during the fourth quarter. Woodline Partners LP now owns 3,435,678 shares of the communications equipment provider's stock valued at $34,700,000 after acquiring an additional 2,779,615 shares during the last quarter. 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.