BidaskClub cut shares of Viavi Solutions (NASDAQ:VIAV) from a buy rating to a hold rating in a research report report published on Tuesday morning.

Other research analysts also recently issued reports about the stock. Argus upgraded shares of Viavi Solutions from a hold rating to a buy rating and set a $9.92 target price for the company in a research note on Tuesday, May 8th. JPMorgan Chase & Co. began coverage on shares of Viavi Solutions in a research note on Thursday, May 3rd. They issued an underweight rating and a $10.00 target price for the company. William Blair restated a buy rating on shares of Viavi Solutions in a research note on Thursday, May 24th. Deutsche Bank began coverage on shares of Viavi Solutions in a research note on Thursday, June 7th. They issued a hold rating and a $10.50 target price for the company. Finally, ValuEngine upgraded shares of Viavi Solutions from a sell rating to a hold rating in a research note on Thursday, August 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $11.09.

Shares of Viavi Solutions opened at $10.61 on Tuesday, MarketBeat reports. The firm has a market capitalization of $2.36 billion, a PE ratio of 28.19, a PEG ratio of 1.11 and a beta of 0.98. The company has a quick ratio of 1.43, a current ratio of 1.58 and a debt-to-equity ratio of 0.48. Viavi Solutions has a twelve month low of $8.34 and a twelve month high of $10.89.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC boosted its stake in Viavi Solutions by 17.4% during the 2nd quarter. SG Americas Securities LLC now owns 37,173 shares of the communications equipment provider’s stock valued at $381,000 after acquiring an additional 5,505 shares during the last quarter. Rhumbline Advisers boosted its stake in Viavi Solutions by 1.1% during the 1st quarter. Rhumbline Advisers now owns 567,627 shares of the communications equipment provider’s stock valued at $5,517,000 after acquiring an additional 5,926 shares during the last quarter. US Bancorp DE boosted its stake in Viavi Solutions by 49.5% during the 1st quarter. US Bancorp DE now owns 18,254 shares of the communications equipment provider’s stock valued at $177,000 after acquiring an additional 6,040 shares during the last quarter. Profund Advisors LLC boosted its stake in Viavi Solutions by 26.0% during the 1st quarter. Profund Advisors LLC now owns 47,223 shares of the communications equipment provider’s stock valued at $459,000 after acquiring an additional 9,735 shares during the last quarter. Finally, Xact Kapitalforvaltning AB boosted its stake in Viavi Solutions by 35.8% during the 1st quarter. Xact Kapitalforvaltning AB now owns 37,910 shares of the communications equipment provider’s stock valued at $368,000 after acquiring an additional 10,000 shares during the last quarter. Hedge funds and other institutional investors own 92.75% of the company’s stock.

Viavi Solutions Company Profile

Viavi Solutions Inc provides network test, monitoring, and assurance solutions to communications service providers, and enterprises and their ecosystems worldwide. The company operates through Network Enablement, Service Enablement, and Optical Security and Performance Products segments. The Network Enablement segment offers testing solutions that access the network to perform build-out and maintenance tasks.

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Analyst Recommendations for Viavi Solutions (NASDAQ:VIAV)

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