Viavi Solutions Inc. (NASDAQ:VIAV) Receives $12.69 Average PT from Analysts

Viavi Solutions Inc. (NASDAQ:VIAV) has been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $12.69.

Several research analysts have weighed in on the company. Argus increased their price objective on Viavi Solutions from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. UBS Group lowered their price objective on Viavi Solutions from $11.50 to $11.00 and set a “neutral” rating on the stock in a research report on Friday, May 2nd. Needham & Company LLC reiterated a “buy” rating and set a $15.00 price objective on shares of Viavi Solutions in a research report on Friday, May 2nd. B. Riley lowered their price objective on Viavi Solutions from $12.00 to $11.00 and set a “neutral” rating on the stock in a research report on Friday, May 2nd. Finally, Wall Street Zen upgraded Viavi Solutions from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 13th.

Viavi Solutions Stock Up 1.7%

Shares of VIAV opened at $9.31 on Friday. Viavi Solutions has a 52 week low of $6.60 and a 52 week high of $12.91. The firm has a market cap of $2.08 billion, a P/E ratio of -51.69 and a beta of 0.92. The firm’s 50-day simple moving average is $9.78 and its 200 day simple moving average is $10.46. The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.18 and a current ratio of 3.55.

Insider Transactions at Viavi Solutions

In other news, SVP James L. Veler, Jr. sold 13,807 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $10.86, for a total transaction of $149,944.02. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard Belluzzo sold 8,385 shares of the stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $8.92, for a total value of $74,794.20. Following the sale, the director now directly owns 259,081 shares in the company, valued at approximately $2,311,002.52. This trade represents a 3.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.52% of the stock is currently owned by insiders.

Institutional Trading of Viavi Solutions

Several large investors have recently bought and sold shares of the business. Jane Street Group LLC boosted its stake in Viavi Solutions by 280.6% in the first quarter. Jane Street Group LLC now owns 504,198 shares of the communications equipment provider’s stock valued at $5,642,000 after buying an additional 371,728 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Viavi Solutions by 8.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 554,364 shares of the communications equipment provider’s stock valued at $6,203,000 after buying an additional 44,618 shares in the last quarter. Woodline Partners LP boosted its stake in Viavi Solutions by 27.6% in the first quarter. Woodline Partners LP now owns 4,384,150 shares of the communications equipment provider’s stock valued at $49,059,000 after buying an additional 948,472 shares in the last quarter. United Services Automobile Association acquired a new stake in Viavi Solutions in the first quarter valued at about $165,000. Finally, Aristeia Capital L.L.C. acquired a new stake in Viavi Solutions in the first quarter valued at about $130,000. 95.54% of the stock is owned by institutional investors and hedge funds.

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.