Viavi Solutions (NASDAQ:VIAV) Upgraded by Stifel Nicolaus to “Buy”

Viavi Solutions (NASDAQ:VIAVGet Free Report) was upgraded by investment analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a note issued to investors on Monday, MarketBeat reports. The firm currently has a $13.00 target price on the communications equipment provider’s stock, up from their previous target price of $10.00. Stifel Nicolaus’ target price points to a potential upside of 45.90% from the stock’s current price.

A number of other research firms have also weighed in on VIAV. TheStreet lowered shares of Viavi Solutions from a “c” rating to a “d+” rating in a research report on Thursday, November 2nd. StockNews.com upgraded Viavi Solutions from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Morgan Stanley cut their price target on Viavi Solutions from $10.00 to $9.00 and set an “equal weight” rating for the company in a report on Friday, November 3rd. Finally, Rosenblatt Securities boosted their price objective on Viavi Solutions from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, December 13th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $11.67.

Read Our Latest Stock Report on Viavi Solutions

Viavi Solutions Stock Performance

NASDAQ:VIAV opened at $8.91 on Monday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.72 and a current ratio of 3.09. The stock has a market capitalization of $1.98 billion, a PE ratio of 445.50 and a beta of 0.99. Viavi Solutions has a fifty-two week low of $7.26 and a fifty-two week high of $11.65. The company has a fifty day moving average of $9.61 and a two-hundred day moving average of $9.28.

Insider Transactions at Viavi Solutions

In related news, EVP Paul Mcnab sold 8,374 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $8.82, for a total transaction of $73,858.68. Following the completion of the transaction, the executive vice president now directly owns 72,944 shares in the company, valued at approximately $643,366.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company 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 company. Raymond James & Associates increased its holdings in Viavi Solutions by 2.5% in the first quarter. Raymond James & Associates now owns 48,044 shares of the communications equipment provider’s stock valued at $773,000 after buying an additional 1,181 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Viavi Solutions by 32.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 42,279 shares of the communications equipment provider’s stock valued at $680,000 after acquiring an additional 10,316 shares during the last quarter. Natixis Advisors L.P. raised its position in shares of Viavi Solutions by 8.3% during the 1st quarter. Natixis Advisors L.P. now owns 115,782 shares of the communications equipment provider’s stock worth $1,862,000 after acquiring an additional 8,863 shares in the last quarter. MetLife Investment Management LLC lifted its stake in Viavi Solutions by 46.8% during the first quarter. MetLife Investment Management LLC now owns 120,492 shares of the communications equipment provider’s stock worth $1,938,000 after purchasing an additional 38,396 shares during the last quarter. Finally, Ergoteles LLC acquired a new position in Viavi Solutions in the first quarter valued at approximately $1,104,000. 94.65% of the stock is currently owned by hedge funds and other institutional investors.

Viavi Solutions Company Profile

(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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