Viavi Solutions (NASDAQ:VIAV) Raised to "Buy" at Rosenblatt Securities

Viavi Solutions (NASDAQ:VIAV - Get Free Report) was upgraded by stock analysts at Rosenblatt Securities from a "neutral" rating to a "buy" rating in a research note issued on Friday, MarketBeat Ratings reports. The firm currently has a $14.00 price target on the communications equipment provider's stock. Rosenblatt Securities' target price would indicate a potential upside of 29.75% from the stock's current price.

Several other brokerages have also issued reports on VIAV. StockNews.com lowered shares of Viavi Solutions from a "strong-buy" rating to a "buy" rating in a report on Tuesday, February 25th. Morgan Stanley upped their price target on shares of Viavi Solutions from $9.50 to $10.00 and gave the stock an "underweight" rating in a report on Friday, January 31st. B. Riley raised their price objective on Viavi Solutions from $10.00 to $12.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Needham & Company LLC raised Viavi Solutions from a "hold" rating to a "buy" rating and set a $15.00 target price for the company in a report on Friday, January 31st. Finally, Stifel Nicolaus reissued a "buy" rating and set a $13.00 price target (up from $12.00) on shares of Viavi Solutions in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $12.72.

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Viavi Solutions Price Performance

Shares of VIAV stock traded up $0.08 on Friday, hitting $10.79. 1,455,029 shares of the company's stock were exchanged, compared to its average volume of 1,703,650. The company has a 50 day moving average of $11.03 and a 200 day moving average of $10.01. The stock has a market cap of $2.40 billion, a P/E ratio of -59.94 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.55 and a quick ratio of 3.18. Viavi Solutions has a 12 month low of $6.60 and a 12 month high of $12.91.

Insider Activity at Viavi Solutions

In other news, Director Masood Jabbar sold 30,000 shares of the business's stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $10.01, for a total value of $300,300.00. Following the transaction, the director now directly owns 180,333 shares of the company's stock, valued at $1,805,133.33. The trade was a 14.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Luke M. Scrivanich sold 2,802 shares of the firm's stock in a transaction that occurred 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 sale, the senior vice president now directly owns 54,517 shares of the company's stock, valued at $568,612.31. This represents a 4.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 69,966 shares of company stock worth $740,646 over the last ninety days. Insiders own 1.52% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Picton Mahoney Asset Management grew its stake in Viavi Solutions by 35.0% in the fourth quarter. Picton Mahoney Asset Management now owns 3,212 shares of the communications equipment provider's stock valued at $32,000 after acquiring an additional 833 shares during the period. Sanctuary Advisors LLC raised its position in Viavi Solutions by 8.1% in the fourth quarter. Sanctuary Advisors LLC now owns 17,226 shares of the communications equipment provider's stock worth $172,000 after acquiring an additional 1,288 shares during the period. Xponance Inc. boosted its stake in Viavi Solutions by 11.5% in the fourth quarter. Xponance Inc. now owns 15,977 shares of the communications equipment provider's stock valued at $161,000 after acquiring an additional 1,649 shares during the last quarter. Park Avenue Securities LLC grew its position in shares of Viavi Solutions by 15.4% during the 4th quarter. Park Avenue Securities LLC now owns 13,442 shares of the communications equipment provider's stock valued at $136,000 after acquiring an additional 1,792 shares during the period. Finally, Harbor Capital Advisors Inc. increased its stake in shares of Viavi Solutions by 5.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 43,732 shares of the communications equipment provider's stock worth $442,000 after purchasing an additional 2,277 shares during the last quarter. 95.54% of the stock is owned by institutional investors.

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.