Analysts Set Viavi Solutions Inc. (NASDAQ:VIAV) PT at $12.00

Shares of Viavi Solutions Inc. (NASDAQ:VIAVGet Free Report) have received a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, reports. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $12.00.

VIAV has been the topic of a number of research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Viavi Solutions in a report on Friday, May 3rd. Argus raised shares of Viavi Solutions to a “strong-buy” rating in a research report on Thursday, May 9th. Susquehanna downgraded shares of Viavi Solutions from a “positive” rating to a “neutral” rating and set a $9.00 price objective for the company. in a report on Friday, May 3rd. Northland Securities raised their target price on shares of Viavi Solutions from $12.00 to $17.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th. Finally, Rosenblatt Securities cut their price target on Viavi Solutions from $13.00 to $10.00 and set a “buy” rating for the company in a research note on Friday, May 3rd.

Get Our Latest Stock Report on Viavi Solutions

Insider Buying and Selling at Viavi Solutions

In related news, EVP Paul Mcnab sold 4,762 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $7.35, for a total transaction of $35,000.70. Following the completion of the sale, the executive vice president now directly owns 49,777 shares in the company, valued at approximately $365,860.95. The sale was disclosed in a filing with the SEC, which is available through this link. In the last quarter, insiders have sold 14,985 shares of company stock valued at $109,969. 1.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Viavi Solutions

Institutional investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC acquired a new position in shares of Viavi Solutions during the first quarter worth $55,000. Park Avenue Securities LLC acquired a new stake in shares of Viavi Solutions during the first quarter valued at about $99,000. Versor Investments LP acquired a new stake in shares of Viavi Solutions during the fourth quarter valued at about $110,000. Quadrant Capital Group LLC increased its stake in shares of Viavi Solutions by 49.0% in the fourth quarter. Quadrant Capital Group LLC now owns 12,019 shares of the communications equipment provider’s stock valued at $121,000 after buying an additional 3,952 shares during the period. Finally, Heritage Wealth Management LLC bought a new position in Viavi Solutions in the 4th quarter valued at approximately $150,000. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Viavi Solutions Trading Up 0.7 %

VIAV stock opened at $7.53 on Friday. Viavi Solutions has a one year low of $7.10 and a one year high of $11.65. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of -376.50 and a beta of 0.94. The company has a fifty day moving average price of $7.72 and a two-hundred day moving average price of $8.96. The company has a debt-to-equity ratio of 0.90, a current ratio of 3.81 and a quick ratio of 3.35.

Viavi Solutions (NASDAQ:VIAVGet Free Report) last announced its earnings results on Thursday, May 2nd. The communications equipment provider reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). The company had revenue of $246.00 million for the quarter, compared to the consensus estimate of $249.08 million. Viavi Solutions had a positive return on equity of 4.65% and a negative net margin of 0.42%. The business’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.02 EPS. Equities analysts anticipate that Viavi Solutions will post 0.12 EPS for the current year.

About Viavi Solutions

(Get Free Report

Viavi Solutions Inc provides network test, monitoring, and assurance solutions for communications service providers, hyperscalers, network equipment manufacturers, original equipment manufacturers, government, and avionics customers in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.

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Analyst Recommendations for Viavi Solutions (NASDAQ:VIAV)

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