Needham & Company LLC set a $16.00 price objective on Viavi Solutions (NASDAQ:VIAV) in a research report released on Friday morning, Briefing.com Automated Import reports. The brokerage currently has a buy rating on the communications equipment provider’s stock.

Other research analysts have also issued research reports about the stock. Rosenblatt Securities reissued a buy rating and issued a $15.00 price objective on shares of Viavi Solutions in a research note on Friday, August 16th. Northland Securities set a $16.00 price objective on shares of Viavi Solutions and gave the company a buy rating in a research note on Friday, August 16th. Zacks Investment Research reissued a sell rating on shares of Viavi Solutions in a research note on Saturday, September 7th. BidaskClub lowered shares of Viavi Solutions from a strong-buy rating to a buy rating in a research note on Saturday, August 24th. Finally, B. Riley reissued a buy rating and issued a $16.00 price objective on shares of Viavi Solutions in a research note on Friday, August 16th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Viavi Solutions has a consensus rating of Buy and a consensus target price of $15.25.

NASDAQ VIAV opened at $14.84 on Friday. The firm has a 50 day simple moving average of $14.09 and a 200-day simple moving average of $13.34. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.87 and a current ratio of 3.23. Viavi Solutions has a one year low of $9.17 and a one year high of $15.17. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 28.54 and a beta of 1.02.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings data on Thursday, August 15th. The communications equipment provider reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.01. Viavi Solutions had a net margin of 0.48% and a return on equity of 16.75%. The business had revenue of $289.70 million during the quarter, compared to analyst estimates of $279.18 million. During the same quarter last year, the firm posted $0.14 earnings per share. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. Equities analysts predict that Viavi Solutions will post 0.55 EPS for the current fiscal year.

In related news, CFO Amar Maletira sold 14,844 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $13.79, for a total value of $204,698.76. Following the sale, the chief financial officer now owns 254,526 shares of the company’s stock, valued at $3,509,913.54. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Ralph Rondinone sold 3,200 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $14.19, for a total transaction of $45,408.00. Following the completion of the sale, the senior vice president now directly owns 27,398 shares in the company, valued at approximately $388,777.62. The disclosure for this sale can be found here. In the last ninety days, insiders sold 29,067 shares of company stock worth $403,984. 0.50% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. River & Mercantile Asset Management LLP acquired a new stake in Viavi Solutions in the second quarter valued at approximately $1,976,000. Ladenburg Thalmann Financial Services Inc. raised its holdings in Viavi Solutions by 18.7% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 14,966 shares of the communications equipment provider’s stock valued at $197,000 after acquiring an additional 2,357 shares in the last quarter. United Services Automobile Association raised its holdings in Viavi Solutions by 3.3% in the second quarter. United Services Automobile Association now owns 317,175 shares of the communications equipment provider’s stock valued at $4,215,000 after acquiring an additional 10,082 shares in the last quarter. California Public Employees Retirement System raised its holdings in Viavi Solutions by 3.8% in the second quarter. California Public Employees Retirement System now owns 494,164 shares of the communications equipment provider’s stock valued at $6,567,000 after acquiring an additional 18,107 shares in the last quarter. Finally, Nuveen Asset Management LLC acquired a new stake in Viavi Solutions in the second quarter valued at approximately $13,815,000. 94.68% of the stock is currently owned by hedge funds and other institutional investors.

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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