Viavi Solutions Inc. (NASDAQ:VIAV) Receives Average Recommendation of “Hold” from Brokerages

Viavi Solutions Inc. (NASDAQ:VIAV) has received a consensus recommendation of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $12.33.

VIAV has been the topic of several recent analyst reports. UBS Group lifted their target price on Viavi Solutions from $10.60 to $11.50 and gave the stock a “neutral” rating in a report on Friday, January 31st. Argus boosted their price objective on Viavi Solutions from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, February 5th. B. Riley increased their target price on Viavi Solutions from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Morgan Stanley lifted their price target on shares of Viavi Solutions from $9.50 to $10.00 and gave the company an “underweight” rating in a research note on Friday, January 31st. Finally, Stifel Nicolaus reissued a “buy” rating and set a $13.00 price objective (up previously from $12.00) on shares of Viavi Solutions in a research report on Friday, January 31st.

Insider Transactions at Viavi Solutions

In other Viavi Solutions news, Director Masood Jabbar sold 30,000 shares of the firm’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $10.01, for a total transaction of $300,300.00. Following the completion of the sale, the director now owns 180,333 shares of the company’s stock, valued at $1,805,133.33. This trade represents a 14.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Luke M. Scrivanich sold 2,802 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $10.43, for a total transaction of $29,224.86. Following the completion of the transaction, the senior vice president now owns 54,517 shares in the company, valued at approximately $568,612.31. This represents a 4.89 % 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 corporate insiders.

Institutional Investors Weigh In On Viavi Solutions

Several hedge funds have recently bought and sold shares of the stock. Mackenzie Financial Corp increased its stake in shares of Viavi Solutions by 117.5% during the fourth quarter. Mackenzie Financial Corp now owns 59,492 shares of the communications equipment provider’s stock worth $601,000 after purchasing an additional 32,145 shares during the period. Neo Ivy Capital Management acquired a new position in Viavi Solutions in the 4th quarter valued at $188,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Viavi Solutions by 26.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 509,746 shares of the communications equipment provider’s stock worth $5,148,000 after buying an additional 107,917 shares during the period. Woodline Partners LP lifted its holdings in shares of Viavi Solutions by 423.7% during the fourth quarter. Woodline Partners LP now owns 3,435,678 shares of the communications equipment provider’s stock worth $34,700,000 after buying an additional 2,779,615 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new stake in shares of Viavi Solutions in the fourth quarter valued at about $2,759,000. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Viavi Solutions Trading Down 0.7 %

VIAV opened at $11.27 on Wednesday. The firm’s fifty day moving average is $10.89 and its two-hundred day moving average is $9.81. The firm has a market cap of $2.50 billion, a PE ratio of -62.61 and a beta of 0.92. Viavi Solutions has a twelve month low of $6.60 and a twelve month high of $12.91. The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.18 and a current ratio of 3.55.

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.