Viavi Solutions (NASDAQ:VIAV) Lifted to B at TheStreet

TheStreet upgraded shares of Viavi Solutions (NASDAQ:VIAV) from a c+ rating to a b rating in a research note released on Thursday morning, TheStreetRatingsTable reports.

VIAV has been the topic of several other research reports. BidaskClub raised Viavi Solutions from a buy rating to a strong-buy rating in a report on Thursday. ValuEngine downgraded Viavi Solutions from a buy rating to a hold rating in a report on Thursday, August 1st. JPMorgan Chase & Co. raised Viavi Solutions from an underweight rating to a neutral rating and raised their price target for the stock from $12.00 to $13.00 in a report on Monday, April 22nd. Morgan Stanley set a $13.00 price target on Viavi Solutions and gave the stock a hold rating in a report on Friday, May 3rd. Finally, Rosenblatt Securities reissued a buy rating and issued a $15.00 price target on shares of Viavi Solutions in a report on Friday. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Viavi Solutions has an average rating of Buy and an average target price of $14.00.

Shares of NASDAQ VIAV opened at $13.77 on Thursday. The company has a market cap of $3.11 billion, a price-to-earnings ratio of 26.48 and a beta of 0.98. Viavi Solutions has a 12-month low of $9.17 and a 12-month high of $14.95. The company has a current ratio of 3.19, a quick ratio of 2.86 and a debt-to-equity ratio of 0.79. The stock’s 50 day simple moving average is $14.22 and its 200 day simple moving average is $13.08.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings results on Thursday, August 15th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.01. The business had revenue of $289.70 million for the quarter, compared to the consensus estimate of $279.18 million. Viavi Solutions had a return on equity of 16.81% and a net margin of 0.48%. The business’s revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the business posted $0.14 EPS. As a group, equities analysts forecast that Viavi Solutions will post 0.6 earnings per share for the current fiscal year.

In other Viavi Solutions news, CFO Amar Maletira sold 2,500 shares of Viavi Solutions stock in a transaction on Monday, June 10th. The stock was sold at an average price of $13.31, for a total transaction of $33,275.00. Following the sale, the chief financial officer now owns 269,370 shares of the company’s stock, valued at approximately $3,585,314.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 22,556 shares of company stock worth $307,093 in the last ninety days. 0.50% of the stock is owned by company insiders.

Institutional investors have recently made changes to their positions in the business. State of Alaska Department of Revenue increased its position in shares of Viavi Solutions by 1.4% during the 2nd quarter. State of Alaska Department of Revenue now owns 77,849 shares of the communications equipment provider’s stock valued at $1,034,000 after purchasing an additional 1,061 shares during the period. Advisory Services Network LLC increased its position in shares of Viavi Solutions by 88.5% during the 2nd quarter. Advisory Services Network LLC now owns 2,354 shares of the communications equipment provider’s stock valued at $31,000 after purchasing an additional 1,105 shares during the period. Municipal Employees Retirement System of Michigan increased its position in shares of Viavi Solutions by 1.9% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 68,200 shares of the communications equipment provider’s stock valued at $906,000 after purchasing an additional 1,240 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Viavi Solutions by 0.9% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 148,459 shares of the communications equipment provider’s stock valued at $1,973,000 after purchasing an additional 1,274 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its position in shares of Viavi Solutions by 1.8% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 88,466 shares of the communications equipment provider’s stock valued at $1,095,000 after purchasing an additional 1,598 shares during the period. 93.33% of the stock is currently owned by hedge funds and other institutional investors.

Viavi Solutions Company Profile

Viavi Solutions Inc provides network test, monitoring, and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil government, military, and avionics customers worldwide. The company operates through Network Enablement, Service Enablement, and Optical Security and Performance Products segments.

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Analyst Recommendations for Viavi Solutions (NASDAQ:VIAV)

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