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

Viavi Solutions Inc. (NASDAQ:VIAV) has been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $13.60.

Several equities research analysts have weighed in on the company. Rosenblatt Securities cut their price target on Viavi Solutions from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Wednesday, April 3rd. Northland Securities upped their target price on Viavi Solutions from $12.00 to $17.00 and gave the company an “outperform” rating in a research report on Wednesday, March 6th. Morgan Stanley increased their price objective on Viavi Solutions from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 6th. Susquehanna increased their price objective on Viavi Solutions from $12.00 to $14.00 and gave the stock a “positive” rating in a research report on Thursday, March 7th. Finally, Needham & Company LLC restated a “hold” rating on shares of Viavi Solutions in a research note on Monday, April 1st.

Insider Activity at Viavi Solutions

In other Viavi Solutions news, SVP Kevin Christopher Siebert sold 13,967 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $10.70, for a total transaction of $149,446.90. Following the completion of the sale, the senior vice president now owns 47,097 shares of the company’s stock, valued at $503,937.90. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, SVP Kevin Christopher Siebert sold 13,967 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $10.70, for a total value of $149,446.90. Following the completion of the sale, the senior vice president now owns 47,097 shares of the company’s stock, valued at $503,937.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Paul Mcnab sold 15,004 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $10.62, for a total value of $159,342.48. Following the completion of the sale, the executive vice president now directly owns 57,940 shares of the company’s stock, valued at approximately $615,322.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,093 shares of company stock worth $319,841. 1.80% of the stock is currently owned by insiders.

Institutional Trading of Viavi Solutions

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Viavi Solutions by 1.5% during the third quarter. Vanguard Group Inc. now owns 28,288,576 shares of the communications equipment provider’s stock valued at $258,558,000 after buying an additional 424,564 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Viavi Solutions by 399.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,044,366 shares of the communications equipment provider’s stock worth $10,517,000 after purchasing an additional 835,248 shares during the period. Knights of Columbus Asset Advisors LLC raised its position in shares of Viavi Solutions by 102.9% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 346,475 shares of the communications equipment provider’s stock worth $3,489,000 after purchasing an additional 175,695 shares during the period. First Eagle Investment Management LLC acquired a new stake in shares of Viavi Solutions during the 3rd quarter worth approximately $3,067,000. Finally, GSA Capital Partners LLP bought a new position in Viavi Solutions in the 3rd quarter worth approximately $673,000. Institutional investors and hedge funds own 95.54% of the company’s stock.

Viavi Solutions Stock Performance

NASDAQ VIAV opened at $7.99 on Thursday. Viavi Solutions has a fifty-two week low of $7.26 and a fifty-two week high of $11.65. The stock’s fifty day moving average is $9.38 and its two-hundred day moving average is $9.06. The firm has a market capitalization of $1.78 billion, a P/E ratio of 399.50 and a beta of 0.95. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.72 and a current ratio of 3.09.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings data on Thursday, February 1st. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. The firm had revenue of $254.50 million for the quarter, compared to the consensus estimate of $249.77 million. Viavi Solutions had a return on equity of 5.38% and a net margin of 0.49%. On average, research analysts anticipate that Viavi Solutions will post 0.22 earnings per share for the current year.

About Viavi Solutions

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.