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

Shares of Viavi Solutions Inc. (NASDAQ:VIAV) have earned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $10.42.

VIAV has been the subject of several analyst reports. Stifel Nicolaus lowered their price objective on Viavi Solutions from $13.00 to $10.50 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Rosenblatt Securities raised their price objective on shares of Viavi Solutions from $8.25 to $10.50 and gave the stock a “neutral” rating in a report on Friday, November 1st. Needham & Company LLC restated a “hold” rating on shares of Viavi Solutions in a report on Friday, November 1st. B. Riley cut their price target on shares of Viavi Solutions from $9.00 to $8.50 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Finally, Northland Securities raised their price objective on Viavi Solutions from $11.00 to $13.00 and gave the stock an “outperform” rating in a report on Friday, November 1st.

Insider Buying and Selling at Viavi Solutions

In related news, Director Masood Jabbar sold 15,000 shares of Viavi Solutions stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $10.14, for a total value of $152,100.00. Following the transaction, the director now directly owns 225,333 shares in the company, valued at $2,284,876.62. This trade represents a 6.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Kevin Christopher Siebert sold 8,432 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $8.63, for a total transaction of $72,768.16. Following the transaction, the senior vice president now owns 56,617 shares of the company’s stock, valued at approximately $488,604.71. The trade was a 12.96 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 93,652 shares of company stock worth $817,585. 1.52% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Louisiana State Employees Retirement System increased its position in Viavi Solutions by 1.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 112,300 shares of the communications equipment provider’s stock worth $772,000 after purchasing an additional 2,100 shares during the period. nVerses Capital LLC lifted its holdings in Viavi Solutions by 24.0% in the third quarter. nVerses Capital LLC now owns 11,900 shares of the communications equipment provider’s stock valued at $107,000 after acquiring an additional 2,300 shares during the period. Texas Permanent School Fund Corp boosted its position in shares of Viavi Solutions by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 194,787 shares of the communications equipment provider’s stock worth $1,771,000 after purchasing an additional 2,754 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Viavi Solutions during the 3rd quarter worth $25,000. Finally, QRG Capital Management Inc. increased its holdings in shares of Viavi Solutions by 15.6% in the 1st quarter. QRG Capital Management Inc. now owns 21,340 shares of the communications equipment provider’s stock valued at $194,000 after purchasing an additional 2,883 shares in the last quarter. 95.54% of the stock is currently owned by institutional investors and hedge funds.

Viavi Solutions Stock Performance

Shares of Viavi Solutions stock opened at $9.87 on Monday. The business has a 50-day simple moving average of $9.18 and a 200-day simple moving average of $8.16. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.31 and a current ratio of 3.71. Viavi Solutions has a one year low of $6.60 and a one year high of $11.32. The company has a market cap of $2.19 billion, a PE ratio of -58.06 and a beta of 0.90.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings data on Thursday, October 31st. The communications equipment provider reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. The company had revenue of $238.20 million for the quarter, compared to the consensus estimate of $240.09 million. Viavi Solutions had a negative net margin of 3.78% and a positive return on equity of 2.22%. The company’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.05 EPS. On average, equities research analysts forecast that Viavi Solutions will post 0.19 EPS for the current fiscal 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.