Viavi Solutions (NASDAQ:VIAV) Rating Increased to Strong-Buy at StockNews.com

Viavi Solutions (NASDAQ:VIAVGet Rating) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Wednesday.

Separately, TheStreet lowered shares of Viavi Solutions from a “b” rating to a “c+” rating in a report on Wednesday, March 9th. Two analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Viavi Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $19.67.

VIAV stock opened at $13.16 on Wednesday. The company has a 50 day moving average price of $14.34 and a 200 day moving average price of $15.71. The company has a debt-to-equity ratio of 1.00, a current ratio of 4.02 and a quick ratio of 3.58. Viavi Solutions has a fifty-two week low of $12.94 and a fifty-two week high of $18.14. The stock has a market capitalization of $3.00 billion, a PE ratio of -438.67 and a beta of 0.73.

Viavi Solutions (NASDAQ:VIAVGet Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The communications equipment provider reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.02. Viavi Solutions had a negative net margin of 0.23% and a positive return on equity of 22.22%. The company had revenue of $315.50 million during the quarter, compared to analyst estimates of $309.30 million. During the same quarter in the previous year, the business earned $0.14 EPS. The firm’s revenue was up 4.0% on a year-over-year basis. As a group, equities analysts expect that Viavi Solutions will post 0.74 earnings per share for the current fiscal year.

In related news, EVP Paul Mcnab sold 12,103 shares of the company’s stock in a transaction on Thursday, June 9th. The shares were sold at an average price of $14.46, for a total value of $175,009.38. Following the completion of the transaction, the executive vice president now directly owns 31,178 shares of the company’s stock, valued at approximately $450,833.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.63% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the business. Wellington Management Group LLP raised its holdings in shares of Viavi Solutions by 2.4% in the 1st quarter. Wellington Management Group LLP now owns 21,420,992 shares of the communications equipment provider’s stock valued at $344,451,000 after purchasing an additional 506,113 shares during the period. Capital World Investors lifted its stake in Viavi Solutions by 9.6% in the 1st quarter. Capital World Investors now owns 6,830,000 shares of the communications equipment provider’s stock valued at $109,826,000 after purchasing an additional 598,000 shares during the last quarter. Schroder Investment Management Group lifted its stake in Viavi Solutions by 24.4% in the 4th quarter. Schroder Investment Management Group now owns 5,942,710 shares of the communications equipment provider’s stock valued at $104,711,000 after purchasing an additional 1,164,573 shares during the last quarter. Westwood Holdings Group Inc. raised its stake in shares of Viavi Solutions by 24.1% during the fourth quarter. Westwood Holdings Group Inc. now owns 5,001,427 shares of the communications equipment provider’s stock valued at $88,125,000 after acquiring an additional 970,723 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Viavi Solutions by 12.9% during the fourth quarter. Geode Capital Management LLC now owns 4,323,482 shares of the communications equipment provider’s stock valued at $76,179,000 after acquiring an additional 494,973 shares during the last quarter. 93.76% of the stock is currently owned by hedge funds and other institutional investors.

About Viavi Solutions (Get Rating)

Viavi Solutions Inc provides network test, monitoring, and assurance solutions to communications service providers, enterprises, network equipment manufacturers, government, and avionics customers worldwide. The company operates through three segments: Network Enablement (NE), Service Enablement (SE), and Optical Security and Performance Products (OSP) segments.

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