Viavi Solutions Inc. (NASDAQ:VIAV) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Viavi Solutions Inc. (NASDAQ:VIAV) have been given an average recommendation of “Moderate Buy” by the nine research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $42.8750.

Several brokerages have recently weighed in on VIAV. Wall Street Zen raised shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Susquehanna lifted their price target on shares of Viavi Solutions from $65.00 to $66.00 and gave the stock a “positive” rating in a research note on Wednesday, July 1st. UBS Group upped their price target on shares of Viavi Solutions from $25.00 to $60.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. B. Riley Financial increased their price objective on shares of Viavi Solutions from $26.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $70.00 price objective on shares of Viavi Solutions in a research note on Wednesday, June 10th.

Viavi Solutions Price Performance

Shares of VIAV opened at $36.95 on Wednesday. The company has a quick ratio of 1.39, a current ratio of 1.61 and a debt-to-equity ratio of 0.99. The business has a fifty day moving average of $45.33 and a 200 day moving average of $38.37. The company has a market cap of $8.64 billion, a PE ratio of -153.95 and a beta of 1.22. Viavi Solutions has a 52-week low of $9.61 and a 52-week high of $60.43.

Insiders Place Their Bets

In other news, EVP Paul Mcnab sold 2,727 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $54.96, for a total value of $149,875.92. Following the sale, the executive vice president directly owned 15,471 shares in the company, valued at approximately $850,286.16. This represents a 14.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Doug Gilstrap sold 10,000 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $55.00, for a total value of $550,000.00. Following the transaction, the director owned 55,766 shares of the company’s stock, valued at approximately $3,067,130. The trade was a 15.21% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 442,114 shares of company stock worth $23,343,184. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Viavi Solutions

A number of large investors have recently made changes to their positions in the stock. Capital World Investors grew its holdings in shares of Viavi Solutions by 4.4% in the fourth quarter. Capital World Investors now owns 15,620,410 shares of the communications equipment provider’s stock worth $278,356,000 after purchasing an additional 664,956 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Viavi Solutions by 3.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,846,226 shares of the communications equipment provider’s stock valued at $86,875,000 after buying an additional 231,570 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Viavi Solutions by 0.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,673,145 shares of the communications equipment provider’s stock valued at $118,915,000 after buying an additional 33,463 shares during the period. Geode Capital Management LLC boosted its position in Viavi Solutions by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 5,351,211 shares of the communications equipment provider’s stock valued at $95,373,000 after buying an additional 20,776 shares during the period. Finally, Invesco Ltd. grew its stake in Viavi Solutions by 116.0% in the 4th quarter. Invesco Ltd. now owns 3,809,513 shares of the communications equipment provider’s stock worth $67,886,000 after acquiring an additional 2,045,702 shares in the last quarter. 95.54% of the stock is owned by hedge funds and other institutional investors.

Viavi Solutions Company Profile

Viavi Solutions Inc is a provider of network test, monitoring and assurance solutions for communications service providers, cable operators, enterprises and government agencies. The company offers an extensive portfolio of fiber optic and copper cable test and measurement instruments, wireless network testing equipment and network performance monitoring software. Its products are designed to support the deployment, maintenance and optimization of high-speed broadband, 5G wireless, data center and enterprise networks.

Viavi’s product offerings are organized into two primary segments: Network & Service Enablement and Optical Security & Performance.