Viavi Solutions (NASDAQ:VIAV) Downgraded to Buy Rating by StockNews.com

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

VIAV has been the topic of a number of other reports. Morgan Stanley upped their price target on Viavi Solutions from $9.50 to $10.00 and gave the stock an "underweight" rating in a research report on Friday, January 31st. B. Riley boosted their price target on Viavi Solutions from $10.00 to $12.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Northland Securities reiterated an "outperform" rating and issued a $14.00 target price (up from $13.00) on shares of Viavi Solutions in a research note on Friday, January 31st. Rosenblatt Securities upgraded Viavi Solutions from a "neutral" rating to a "buy" rating and set a $14.00 target price for the company in a research note on Friday, March 7th. Finally, Argus boosted their price target on Viavi Solutions from $13.00 to $16.00 and gave the company a "buy" rating in a research note on Wednesday, February 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $12.72.

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Viavi Solutions Stock Up 2.3 %

Viavi Solutions stock traded up $0.26 during trading hours on Tuesday, reaching $11.62. The stock had a trading volume of 6,062,757 shares, compared to its average volume of 1,703,365. The company has a market cap of $2.58 billion, a price-to-earnings ratio of -64.55 and a beta of 0.94. The business's 50 day moving average price is $11.21 and its 200-day moving average price is $10.16. 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 current ratio of 3.55 and a quick ratio of 3.18.

Insider Buying and Selling at Viavi Solutions

In other news, Director Masood Jabbar sold 30,000 shares of the firm's stock in a transaction that occurred 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 owns 180,333 shares of the company's stock, valued at $1,805,133.33. This trade represents 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 14,323 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $11.24, for a total transaction of $160,990.52. Following the completion of the transaction, the senior vice president now owns 55,877 shares of the company's stock, valued at approximately $628,057.48. This represents a 20.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 67,164 shares of company stock worth $711,422. Insiders own 1.52% of the company's stock.

Institutional Trading of Viavi Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. KBC Group NV boosted its stake 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 worth $85,000 after acquiring an additional 3,252 shares in the last quarter. Natixis Advisors LLC boosted its position in Viavi Solutions by 29.4% during the third quarter. Natixis Advisors LLC now owns 65,393 shares of the communications equipment provider's stock worth $590,000 after purchasing an additional 14,863 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Viavi Solutions by 125.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 222,779 shares of the communications equipment provider's stock valued at $2,009,000 after purchasing an additional 124,057 shares during the period. Intech Investment Management LLC increased its position in shares of Viavi Solutions by 132.0% in the third quarter. Intech Investment Management LLC now owns 68,107 shares of the communications equipment provider's stock valued at $614,000 after buying an additional 38,747 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Viavi Solutions by 7.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,194,959 shares of the communications equipment provider's stock valued at $28,819,000 after buying an additional 217,399 shares in the last quarter. Institutional investors and hedge funds 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.