Shares of Viavi Solutions Inc. (NASDAQ:VIAV) have been assigned an average rating of “Hold” from the eleven ratings firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $13.14.
VIAV has been the topic of several research analyst reports. B. Riley upgraded shares of Viavi Solutions from a “neutral” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Friday, July 21st. BidaskClub upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Stifel Nicolaus restated a “hold” rating and set a $11.00 target price on shares of Viavi Solutions in a report on Thursday, August 3rd. TheStreet downgraded shares of Viavi Solutions from a “b” rating to a “c+” rating in a report on Tuesday, August 1st. Finally, MKM Partners raised their target price on shares of Viavi Solutions from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Wednesday, August 16th.
Shares of Viavi Solutions (NASDAQ:VIAV) traded down $0.02 during trading hours on Friday, hitting $8.68. 3,616,848 shares of the company were exchanged, compared to its average volume of 2,356,540. The firm has a market cap of $1,982.11, a P/E ratio of 28.93, a price-to-earnings-growth ratio of 1.45 and a beta of 1.17. The company has a quick ratio of 7.08, a current ratio of 2.20 and a debt-to-equity ratio of 0.47. Viavi Solutions has a 1-year low of $7.20 and a 1-year high of $11.89.
Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings results on Wednesday, November 1st. The communications equipment provider reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.06. The business had revenue of $195.20 million for the quarter, compared to the consensus estimate of $183.89 million. Viavi Solutions had a net margin of 10.57% and a return on equity of 8.99%. Viavi Solutions’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same period last year, the company posted $0.09 EPS. equities analysts anticipate that Viavi Solutions will post 0.3 earnings per share for the current year.
In other news, SVP Ralph Rondinone sold 4,569 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $9.83, for a total transaction of $44,913.27. Following the completion of the transaction, the senior vice president now directly owns 7,239 shares of the company’s stock, valued at approximately $71,159.37. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Kevin Christopher Siebert sold 4,591 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $10.11, for a total transaction of $46,415.01. Following the transaction, the vice president now directly owns 6,600 shares of the company’s stock, valued at $66,726. The disclosure for this sale can be found here. Insiders have sold a total of 100,151 shares of company stock valued at $972,975 over the last ninety days. Company insiders own 0.59% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of VIAV. Essex Investment Management Co. LLC bought a new position in shares of Viavi Solutions in the second quarter valued at $109,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Viavi Solutions by 10.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,635 shares of the communications equipment provider’s stock valued at $112,000 after buying an additional 1,003 shares in the last quarter. Creative Planning grew its stake in shares of Viavi Solutions by 177.9% in the second quarter. Creative Planning now owns 11,302 shares of the communications equipment provider’s stock valued at $119,000 after buying an additional 7,235 shares in the last quarter. BlueMountain Capital Management LLC bought a new position in shares of Viavi Solutions in the second quarter valued at $123,000. Finally, Sciencast Management LP bought a new position in shares of Viavi Solutions in the second quarter valued at $146,000. 92.38% of the stock is owned by institutional investors.
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About Viavi Solutions
Viavi Solutions Inc (Viavi) is a provider of network test, monitoring and assurance solutions to communications service providers, enterprises and their ecosystems. The Company also offers thin film optical coatings, providing light management solutions to anti-counterfeiting, consumer and industrial, government and healthcare and other markets.
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