StockNews.com Upgrades Viavi Solutions (NASDAQ:VIAV) to Buy

Viavi Solutions (NASDAQ:VIAV - Get Free Report) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued to investors on Friday.

VIAV has been the topic of several other research reports. Rosenblatt Securities increased their price objective on shares of Viavi Solutions from $8.25 to $10.50 and gave the stock a "neutral" rating in a research note on Friday, November 1st. Northland Securities increased their price objective on shares of Viavi Solutions from $11.00 to $13.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Needham & Company LLC reaffirmed a "hold" rating on shares of Viavi Solutions in a report on Friday, November 1st. B. Riley cut their price objective on shares of Viavi Solutions from $9.00 to $8.50 and set a "neutral" rating for the company in a report on Friday, August 9th. Finally, UBS Group assumed coverage on shares of Viavi Solutions in a report on Tuesday, November 19th. They set a "neutral" rating and a $10.60 price objective for the company. Six equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $10.44.

Viavi Solutions Trading Up 0.8 %

NASDAQ:VIAV traded up $0.08 during midday trading on Friday, reaching $10.47. 848,833 shares of the stock traded hands, compared to its average volume of 1,770,658. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.31 and a current ratio of 3.71. Viavi Solutions has a 12 month low of $6.60 and a 12 month high of $11.32. The stock has a market capitalization of $2.32 billion, a P/E ratio of -61.11 and a beta of 0.92. The company has a fifty day moving average of $9.64 and a 200 day moving average of $8.40.

Viavi Solutions (NASDAQ:VIAV - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The communications equipment provider reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. The business had revenue of $238.20 million during the quarter, compared to analyst estimates of $240.09 million. Viavi Solutions had a negative net margin of 3.78% and a positive return on equity of 2.22%. The company's revenue for the quarter was down 3.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.05 EPS. On average, research analysts predict that Viavi Solutions will post 0.19 EPS for the current year.

Insider Activity at Viavi Solutions

In other Viavi Solutions news, EVP Paul Mcnab sold 5,920 shares of Viavi Solutions stock in a transaction on Friday, September 13th. The shares were sold at an average price of $8.45, for a total transaction of $50,024.00. Following the completion of the transaction, the executive vice president now directly owns 34,545 shares of the company's stock, valued at $291,905.25. The trade was a 14.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Masood Jabbar sold 15,000 shares of Viavi Solutions stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $10.14, for a total value of $152,100.00. Following the sale, the director now owns 225,333 shares of the company's stock, valued at approximately $2,284,876.62. This trade represents a 6.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,949 shares of company stock valued at $489,511. 1.52% of the stock is owned by corporate insiders.

Institutional Trading of Viavi Solutions

Several institutional investors and hedge funds have recently made changes to their positions in VIAV. Capital Performance Advisors LLP bought a new stake in shares of Viavi Solutions in the third quarter valued at about $25,000. Innealta Capital LLC bought a new stake in shares of Viavi Solutions in the second quarter valued at about $38,000. Quarry LP raised its holdings in shares of Viavi Solutions by 419.7% in the second quarter. Quarry LP now owns 7,229 shares of the communications equipment provider's stock valued at $50,000 after acquiring an additional 5,838 shares in the last quarter. Summit Securities Group LLC bought a new stake in shares of Viavi Solutions in the second quarter valued at about $52,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Viavi Solutions in the second quarter valued at about $76,000. 95.54% of the stock is currently owned by institutional investors.

Viavi Solutions Company Profile

Viavi Solutions Inc provides network test, monitoring, and assurance solutions for communications service providers, hyperscalers, network equipment manufacturers, original equipment manufacturers, government, and avionics customers in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.