Shares of Viavi Solutions Inc (NASDAQ:VIAV) have received a consensus rating of “Hold” from the eleven analysts that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $11.93.
A number of research analysts have recently issued reports on VIAV shares. Stifel Nicolaus raised shares of Viavi Solutions from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $10.00 to $12.00 in a research report on Friday, February 2nd. Zacks Investment Research downgraded shares of Viavi Solutions from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. BidaskClub raised shares of Viavi Solutions from a “strong sell” rating to a “sell” rating in a research report on Monday, February 5th. Loop Capital started coverage on shares of Viavi Solutions in a research report on Monday, January 29th. They issued a “hold” rating and a $9.50 price objective on the stock. Finally, Rosenblatt Securities set a $13.00 price objective on shares of Viavi Solutions and gave the stock a “buy” rating in a research report on Wednesday, December 13th.
In other Viavi Solutions news, Director Keith Barnes sold 13,500 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $9.75, for a total transaction of $131,625.00. Following the sale, the director now owns 119,545 shares of the company’s stock, valued at approximately $1,165,563.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard Belluzzo sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $9.00, for a total transaction of $90,000.00. Following the sale, the director now directly owns 198,910 shares in the company, valued at approximately $1,790,190. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,210 shares of company stock worth $435,069. 0.59% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in the business. DnB Asset Management AS lifted its stake in Viavi Solutions by 246.0% during the 4th quarter. DnB Asset Management AS now owns 1,485,900 shares of the communications equipment provider’s stock valued at $12,987,000 after acquiring an additional 1,056,400 shares during the period. Ardsley Advisory Partners acquired a new position in shares of Viavi Solutions in the 2nd quarter valued at $6,426,000. Graticule Asia Macro Advisors LLC acquired a new position in shares of Viavi Solutions in the 3rd quarter valued at $4,660,000. Canada Pension Plan Investment Board lifted its stake in shares of Viavi Solutions by 21.2% in the 3rd quarter. Canada Pension Plan Investment Board now owns 2,002,100 shares of the communications equipment provider’s stock valued at $18,940,000 after purchasing an additional 350,600 shares during the period. Finally, Fisher Asset Management LLC lifted its stake in shares of Viavi Solutions by 63.8% in the 3rd quarter. Fisher Asset Management LLC now owns 757,640 shares of the communications equipment provider’s stock valued at $7,167,000 after purchasing an additional 295,185 shares during the period. 91.29% of the stock is currently owned by institutional investors.
Viavi Solutions (NASDAQ VIAV) remained flat at $$9.72 during midday trading on Tuesday. 1,629,328 shares of the stock were exchanged, compared to its average volume of 2,774,784. The company has a current ratio of 2.18, a quick ratio of 2.06 and a debt-to-equity ratio of 0.48. The firm has a market cap of $2,191.47, a PE ratio of 74.77, a P/E/G ratio of 1.58 and a beta of 1.11. Viavi Solutions has a 1-year low of $8.34 and a 1-year high of $11.89.
Viavi Solutions (NASDAQ:VIAV) last posted its earnings results on Thursday, February 1st. The communications equipment provider reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The business had revenue of $201.80 million for the quarter, compared to the consensus estimate of $185.80 million. Viavi Solutions had a net margin of 3.94% and a return on equity of 9.60%. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.10 EPS. analysts expect that Viavi Solutions will post 0.31 earnings per share for the current year.
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Viavi Solutions Company Profile
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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