Viavi Solutions (NASDAQ:VIAV) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Viavi Solutions (NASDAQ:VIAV) from a strong-buy rating to a buy rating in a research report report published on Tuesday morning.

A number of other research firms have also weighed in on VIAV. Needham & Company LLC upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Friday, January 31st. Argus boosted their price target on shares of 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 boosted their price target on shares of Viavi Solutions from $10.60 to $11.50 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Rosenblatt Securities upgraded shares of Viavi Solutions from a “neutral” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Friday, March 7th. Finally, Stifel Nicolaus restated a “buy” rating and set a $13.00 price target (up from $12.00) on shares of Viavi Solutions in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.72.

Viavi Solutions Stock Down 0.1 %

VIAV stock opened at $11.36 on Tuesday. The stock has a market capitalization of $2.52 billion, a P/E ratio of -63.11 and a beta of 0.94. The firm has a 50-day simple moving average of $11.17 and a 200-day simple moving average of $10.13. 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 52 week low of $6.60 and a 52 week high of $12.91.

Insider Buying and Selling at Viavi Solutions

In other news, SVP Luke M. Scrivanich sold 14,323 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $11.24, for a total value of $160,990.52. Following the sale, the senior vice president now directly owns 55,877 shares of the company’s stock, valued at approximately $628,057.48. The trade was a 20.40 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $300,300.00. Following the completion of the sale, the director now directly owns 180,333 shares in the company, valued at $1,805,133.33. This trade represents a 14.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 67,164 shares of company stock worth $711,422 in the last ninety days. 1.52% of the stock is owned by insiders.

Institutional Investors Weigh In On Viavi Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Jefferies Financial Group Inc. purchased a new stake in shares of Viavi Solutions in the 4th quarter valued at approximately $2,059,000. Mackenzie Financial Corp lifted its holdings in Viavi Solutions by 117.5% during the 4th quarter. Mackenzie Financial Corp now owns 59,492 shares of the communications equipment provider’s stock worth $601,000 after buying an additional 32,145 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in Viavi Solutions during the 4th quarter worth approximately $188,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings 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 in the last quarter. Finally, Woodline Partners LP lifted its holdings in Viavi Solutions by 423.7% during the 4th 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. 95.54% of the stock is owned by hedge funds and other institutional investors.

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.