Viavi Solutions (NASDAQ:VIAV) Upgraded at StockNews.com

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

Other equities analysts also recently issued research reports about the stock. Northland Securities reissued an “outperform” rating and issued a $14.00 price objective (up previously from $13.00) on shares of Viavi Solutions in a research note on Friday, January 31st. Rosenblatt Securities raised shares of Viavi Solutions from a “neutral” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Friday. Needham & Company LLC raised shares of Viavi Solutions from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Friday, January 31st. Morgan Stanley boosted their price objective on shares of Viavi Solutions from $9.50 to $10.00 and gave the stock an “underweight” rating in a research note on Friday, January 31st. Finally, UBS Group upped their price target on Viavi Solutions from $10.60 to $11.50 and gave the stock a “neutral” rating in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $12.72.

Viavi Solutions Trading Down 2.1 %

Shares of NASDAQ VIAV traded down $0.23 during trading hours on Monday, reaching $10.71. The stock had a trading volume of 1,971,148 shares, compared to its average volume of 1,704,862. The company has a current ratio of 3.55, a quick ratio of 3.18 and a debt-to-equity ratio of 0.94. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of -59.50 and a beta of 0.94. The business’s fifty day moving average price is $11.02 and its two-hundred day moving average price is $9.99. Viavi Solutions has a 52-week low of $6.60 and a 52-week high of $12.91.

Insider Activity at Viavi Solutions

In related news, SVP James L. Veler, Jr. sold 13,807 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $10.86, for a total transaction of $149,944.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Luke M. Scrivanich sold 14,323 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $11.24, for a total transaction of $160,990.52. Following the transaction, the senior vice president now directly owns 55,877 shares of the company’s stock, valued at $628,057.48. The trade was a 20.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 69,966 shares of company stock valued at $740,646 in the last ninety days. Company insiders own 1.52% of the company’s stock.

Hedge Funds Weigh In On Viavi Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP raised its stake in Viavi Solutions by 26.3% during the 4th quarter. Wellington Management Group LLP now owns 19,614,684 shares of the communications equipment provider’s stock worth $198,108,000 after acquiring an additional 4,085,648 shares in the last quarter. Woodline Partners LP increased its stake in Viavi Solutions by 423.7% in the fourth quarter. Woodline Partners LP now owns 3,435,678 shares of the communications equipment provider’s stock valued at $34,700,000 after purchasing an additional 2,779,615 shares during the period. Segall Bryant & Hamill LLC acquired a new position in Viavi Solutions in the fourth quarter valued at $16,722,000. Arrowstreet Capital Limited Partnership acquired a new position in Viavi Solutions in the fourth quarter valued at $15,268,000. Finally, LMR Partners LLP acquired a new position in Viavi Solutions in the fourth quarter valued at $8,080,000. Hedge funds and other institutional investors own 95.54% of the company’s stock.

Viavi Solutions Company Profile

Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.