Analysts Set Viavi Solutions Inc. (NASDAQ:VIAV) PT at $12.33

Viavi Solutions Inc. (NASDAQ:VIAV) has received an average rating of “Hold” from the nine analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $12.33.

A number of research analysts recently issued reports on the stock. B. Riley lifted their price target on shares of Viavi Solutions from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Friday, January 31st. UBS Group raised their target price on shares of Viavi Solutions from $10.60 to $11.50 and gave the stock a “neutral” rating in a research note on Friday, January 31st. StockNews.com upgraded Viavi Solutions from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 3rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $13.00 target price (up from $12.00) on shares of Viavi Solutions in a report on Friday, January 31st. Finally, Needham & Company LLC upgraded Viavi Solutions from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Friday, January 31st.

Insider Buying and Selling

In other news, Director Masood Jabbar sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $10.01, for a total value of $300,300.00. Following the completion of the transaction, the director now owns 180,333 shares of the company’s stock, valued at $1,805,133.33. The trade was a 14.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Luke M. Scrivanich sold 2,802 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $10.43, for a total transaction of $29,224.86. Following the sale, the senior vice president now owns 54,517 shares in the company, valued at approximately $568,612.31. This trade represents a 4.89 % decrease in their position. The disclosure for this sale can be found here. 1.52% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Viavi Solutions

Hedge funds have recently made changes to their positions in the business. Capital Performance Advisors LLP acquired a new stake in shares of Viavi Solutions in the third quarter worth approximately $25,000. Picton Mahoney Asset Management grew its stake in shares of Viavi Solutions by 35.0% during the 4th quarter. Picton Mahoney Asset Management now owns 3,212 shares of the communications equipment provider’s stock valued at $32,000 after buying an additional 833 shares during the period. Sterling Capital Management LLC grew its stake in shares of Viavi Solutions by 804.6% during the 4th quarter. Sterling Capital Management LLC now owns 6,938 shares of the communications equipment provider’s stock valued at $70,000 after buying an additional 6,171 shares during the period. Venturi Wealth Management LLC acquired a new stake in shares of Viavi Solutions during the 4th quarter worth $75,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Viavi Solutions in the 2nd quarter worth $76,000. Institutional investors and hedge funds own 95.54% of the company’s stock.

Viavi Solutions Price Performance

Shares of VIAV opened at $11.60 on Wednesday. The company has a market cap of $2.58 billion, a P/E ratio of -64.44 and a beta of 0.92. The company has a quick ratio of 3.18, a current ratio of 3.55 and a debt-to-equity ratio of 0.94. Viavi Solutions has a fifty-two week low of $6.60 and a fifty-two week high of $12.91. The firm’s 50 day moving average price is $10.87 and its 200 day moving average price is $9.76.

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.