Viavi Solutions Inc (NASDAQ:VIAV) has been assigned a consensus recommendation of “Buy” from the thirteen brokerages that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $13.79.

A number of analysts have recently issued reports on the company. Zacks Investment Research raised Viavi Solutions from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Saturday, February 9th. BidaskClub lowered Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 5th. TheStreet raised Viavi Solutions from a “c” rating to a “b-” rating in a research note on Wednesday, February 6th. ValuEngine upgraded Viavi Solutions from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Finally, JPMorgan Chase & Co. upgraded Viavi Solutions from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $12.00 to $13.00 in a research report on Monday, April 22nd.

Shares of NASDAQ:VIAV traded up $0.02 during trading on Friday, reaching $13.30. The stock had a trading volume of 6,073 shares, compared to its average volume of 2,618,069. The company has a debt-to-equity ratio of 0.79, a current ratio of 3.19 and a quick ratio of 2.86. The firm has a market capitalization of $3.04 billion, a PE ratio of 38.94 and a beta of 0.90. Viavi Solutions has a 1-year low of $9.17 and a 1-year high of $14.00.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings results on Thursday, May 2nd. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.03. The firm had revenue of $265.20 million for the quarter, compared to analyst estimates of $259.86 million. Viavi Solutions had a positive return on equity of 15.88% and a negative net margin of 3.25%. The business’s revenue was up 20.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 earnings per share. As a group, analysts expect that Viavi Solutions will post 0.53 earnings per share for the current year.

In other Viavi Solutions news, SVP Luke M. Scrivanich sold 4,810 shares of Viavi Solutions stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $13.29, for a total value of $63,924.90. Following the sale, the senior vice president now owns 45,456 shares in the company, valued at $604,110.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 6,915 shares of company stock worth $91,685 in the last 90 days. Company insiders own 0.50% of the company’s stock.

A number of large investors have recently bought and sold shares of VIAV. Vanguard Group Inc. raised its holdings in shares of Viavi Solutions by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 23,357,949 shares of the communications equipment provider’s stock valued at $264,879,000 after buying an additional 418,120 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Viavi Solutions by 46.6% in the 1st quarter. Victory Capital Management Inc. now owns 3,624,562 shares of the communications equipment provider’s stock valued at $44,872,000 after buying an additional 1,151,837 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Viavi Solutions by 67.9% in the 1st quarter. Renaissance Technologies LLC now owns 3,211,888 shares of the communications equipment provider’s stock valued at $39,763,000 after buying an additional 1,299,200 shares during the period. Voya Investment Management LLC raised its holdings in shares of Viavi Solutions by 14.3% in the 1st quarter. Voya Investment Management LLC now owns 3,140,775 shares of the communications equipment provider’s stock valued at $38,883,000 after buying an additional 391,741 shares during the period. Finally, Macquarie Group Ltd. raised its holdings in shares of Viavi Solutions by 0.5% in the 4th quarter. Macquarie Group Ltd. now owns 2,837,657 shares of the communications equipment provider’s stock valued at $28,518,000 after buying an additional 14,500 shares during the period. Institutional investors own 94.42% of the company’s stock.

About Viavi Solutions

Viavi Solutions Inc provides network test, monitoring, and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil government, military, and avionics customers worldwide. The company operates through Network Enablement, Service Enablement, and Optical Security and Performance Products segments.

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Analyst Recommendations for Viavi Solutions (NASDAQ:VIAV)

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