Viavi Solutions (NASDAQ:VIAV) Upgraded by StockNews.com to Strong-Buy Rating

StockNews.com upgraded shares of Viavi Solutions (NASDAQ:VIAV - Free Report) from a buy rating to a strong-buy rating in a research note issued to investors on Monday morning.

A number of other equities research analysts also recently commented on VIAV. Northland Securities reissued an "outperform" rating and issued a $14.00 target price (up previously from $13.00) on shares of Viavi Solutions in a report on Friday, January 31st. Stifel Nicolaus reiterated a "buy" rating and set a $13.00 target price (up previously from $12.00) on shares of Viavi Solutions in a report on Friday, January 31st. Needham & Company LLC raised 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. Argus increased their target price on Viavi Solutions from $13.00 to $16.00 and gave the stock a "buy" rating in a research report on Wednesday, February 5th. Finally, UBS Group lifted their price target on shares of Viavi Solutions from $10.60 to $11.50 and gave the company a "neutral" rating in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $12.72.

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Viavi Solutions Stock Performance

Viavi Solutions stock traded down $0.03 during trading hours on Monday, reaching $10.76. 1,461,248 shares of the stock were exchanged, compared to its average volume of 2,238,140. The stock has a market cap of $2.39 billion, a P/E ratio of -59.77 and a beta of 0.94. Viavi Solutions has a 52-week low of $6.60 and a 52-week high of $12.91. The firm's 50 day moving average is $11.04 and its 200 day moving average is $10.03. The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.18 and a current ratio of 3.55.

Insider Buying and Selling at Viavi Solutions

In other Viavi Solutions news, Director Masood Jabbar sold 30,000 shares of the company's stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $10.01, for a total value of $300,300.00. Following the completion of the transaction, the director now directly owns 180,333 shares of the company's stock, valued at $1,805,133.33. This represents a 14.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Paul Mcnab sold 9,034 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $11.09, for a total value of $100,187.06. Following the sale, the executive vice president now owns 38,775 shares of the company's stock, valued at $430,014.75. This represents a 18.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 67,164 shares of company stock valued at $711,422 over the last 90 days. 1.52% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. QRG Capital Management Inc. raised its position in shares of Viavi Solutions by 29.2% in the 3rd quarter. QRG Capital Management Inc. now owns 23,959 shares of the communications equipment provider's stock valued at $216,000 after purchasing an additional 5,420 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Viavi Solutions in the third quarter worth $25,000. Kovack Advisors Inc. raised its holdings in Viavi Solutions by 33.5% in the third quarter. Kovack Advisors Inc. now owns 206,200 shares of the communications equipment provider's stock valued at $1,860,000 after acquiring an additional 51,800 shares in the last quarter. KBC Group NV boosted its stake in 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 during the last quarter. Finally, Natixis Advisors LLC grew its holdings in Viavi Solutions by 29.4% during the 3rd quarter. Natixis Advisors LLC now owns 65,393 shares of the communications equipment provider's stock worth $590,000 after acquiring an additional 14,863 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.