Viavi Solutions (NASDAQ:VIAV) Stock Price Expected to Rise, B. Riley Analyst Says

Viavi Solutions (NASDAQ:VIAV - Free Report) had its price objective lifted by B. Riley from $10.00 to $12.00 in a report released on Friday morning,Benzinga reports. They currently have a neutral rating on the communications equipment provider's stock.

A number of other analysts have also weighed in on the stock. Needham & Company LLC raised shares of Viavi Solutions from a "hold" rating to a "buy" rating and set a $15.00 price target for the company in a research note on Friday. Morgan Stanley increased 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. UBS Group initiated coverage on Viavi Solutions in a research report on Tuesday, November 19th. They set a "neutral" rating and a $10.60 price target on the stock. Stifel Nicolaus restated a "buy" rating and issued a $13.00 price objective (up previously from $12.00) on shares of Viavi Solutions in a report on Friday. Finally, Northland Securities reiterated an "outperform" rating and issued a $14.00 price target (up from $13.00) on shares of Viavi Solutions in a research report on Friday. One analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Viavi Solutions presently has an average rating of "Moderate Buy" and a consensus price target of $11.88.

Viavi Solutions Stock Performance

VIAV stock traded up $0.18 during trading on Friday, reaching $12.51. 3,491,980 shares of the company's stock were exchanged, compared to its average volume of 2,502,276. The firm has a market cap of $2.77 billion, a PE ratio of -69.50 and a beta of 0.92. The company has a quick ratio of 3.18, a current ratio of 3.55 and a debt-to-equity ratio of 0.94. Viavi Solutions has a 1-year low of $6.60 and a 1-year high of $12.91. The company's fifty day moving average price is $10.34 and its 200-day moving average price is $9.30.

Insider Activity at Viavi Solutions

In other news, SVP Luke M. Scrivanich sold 2,802 shares of the firm's 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 owns 54,517 shares of the company's stock, valued at $568,612.31. This trade represents a 4.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 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 value of $300,300.00. Following the transaction, the director now directly owns 180,333 shares in the company, valued at $1,805,133.33. The trade was a 14.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,802 shares of company stock worth $481,625 in the last quarter. 1.52% of the stock is owned by company insiders.

Hedge Funds Weigh In On Viavi Solutions

Institutional investors and hedge funds have recently bought and sold shares of the business. Capital Performance Advisors LLP purchased a new stake in shares of Viavi Solutions in the third quarter worth approximately $25,000. Quarry LP lifted its position in Viavi Solutions by 419.7% in the 2nd quarter. Quarry LP now owns 7,229 shares of the communications equipment provider's stock worth $50,000 after buying an additional 5,838 shares in the last quarter. Venturi Wealth Management LLC purchased a new stake in Viavi Solutions in the 4th quarter worth approximately $75,000. Sanctuary Advisors LLC acquired a new stake in shares of Viavi Solutions during the 2nd quarter valued at $76,000. Finally, KBC Group NV grew its holdings in shares of Viavi Solutions by 53.0% during 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. Hedge funds and other 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.