Viavi Solutions (NASDAQ:VIAV) Upgraded at StockNews.com

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

A number of other research analysts also recently weighed in on VIAV. Rosenblatt Securities raised their price target on shares of Viavi Solutions from $8.25 to $10.50 and gave the company a "neutral" rating in a report on Friday, November 1st. Morgan Stanley increased their price objective on Viavi Solutions from $9.50 to $10.00 and gave the company an "underweight" rating in a report on Friday, January 31st. B. Riley upped their price objective on shares of Viavi Solutions from $10.00 to $12.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. Stifel Nicolaus reaffirmed a "buy" rating and issued a $13.00 price target (up from $12.00) on shares of Viavi Solutions in a research report on Friday, January 31st. Finally, UBS Group boosted their price objective on Viavi Solutions from $10.60 to $11.50 and gave the stock a "neutral" rating in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $12.33.

Viavi Solutions Stock Down 2.7 %

Shares of Viavi Solutions stock traded down $0.34 on Monday, hitting $12.46. 1,416,398 shares of the company traded hands, compared to its average volume of 2,444,918. The company has a 50-day moving average price of $10.50 and a 200 day moving average price of $9.38. 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 12-month low of $6.60 and a 12-month high of $12.91. The company has a market cap of $2.76 billion, a PE ratio of -69.22 and a beta of 0.92.

Insider Activity

In other Viavi Solutions news, SVP Luke M. Scrivanich sold 2,802 shares of the business's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $10.43, for a total value of $29,224.86. Following the transaction, the senior vice president now directly owns 54,517 shares in the company, valued at $568,612.31. The trade was a 4.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Masood Jabbar sold 15,000 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 225,333 shares in the company, valued at $2,284,876.62. The trade was a 6.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,802 shares of company stock worth $481,625. Corporate insiders own 1.52% of the company's stock.

Hedge Funds Weigh In On Viavi Solutions

Several institutional investors have recently bought and sold shares of VIAV. Retirement Solution LLC acquired a new position in Viavi Solutions during the 4th quarter worth about $105,000. Amundi boosted its position in Viavi Solutions by 185.5% in the 4th quarter. Amundi now owns 111,730 shares of the communications equipment provider's stock valued at $1,132,000 after buying an additional 72,599 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Viavi Solutions in the 4th quarter valued at $718,000. Charles Schwab Investment Management Inc. boosted its holdings in Viavi Solutions by 4.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,334,893 shares of the communications equipment provider's stock valued at $33,682,000 after acquiring an additional 139,934 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its position in Viavi Solutions by 836.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 8,323 shares of the communications equipment provider's stock worth $84,000 after purchasing an additional 7,434 shares during the period. Institutional investors own 95.54% of the company's stock.

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.