Analysts Set Viavi Solutions Inc. (NASDAQ:VIAV) PT at $10.71

Shares of Viavi Solutions Inc. (NASDAQ:VIAV) have been given an average recommendation of “Moderate Buy” by the eight research firms that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $10.71.

VIAV has been the subject of several research reports. B. Riley lowered their price objective on shares of Viavi Solutions from $9.00 to $8.50 and set a “neutral” rating for the company in a research report on Friday, August 9th. Rosenblatt Securities lowered shares of Viavi Solutions from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $10.00 to $8.25 in a research report on Wednesday, June 26th. Needham & Company LLC reiterated a “hold” rating on shares of Viavi Solutions in a research report on Friday, August 9th. Stifel Nicolaus lowered their price objective on shares of Viavi Solutions from $13.00 to $10.50 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Finally, StockNews.com upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, September 10th.

Viavi Solutions Price Performance

VIAV stock opened at $9.03 on Friday. Viavi Solutions has a one year low of $6.60 and a one year high of $11.32. The company’s fifty day moving average price is $8.10 and its 200-day moving average price is $8.01. The company has a debt-to-equity ratio of 0.93, a quick ratio of 3.16 and a current ratio of 3.55. The company has a market capitalization of $2.02 billion, a PE ratio of -451.50 and a beta of 0.91.

Viavi Solutions (NASDAQ:VIAV) last released its earnings results on Thursday, August 8th. The communications equipment provider reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. Viavi Solutions had a negative net margin of 2.58% and a positive return on equity of 3.81%. The firm had revenue of $252.00 million for the quarter, compared to the consensus estimate of $251.83 million. On average, equities analysts anticipate that Viavi Solutions will post 0.17 EPS for the current fiscal year.

Insider Buying and Selling at Viavi Solutions

In other Viavi Solutions news, SVP Luke M. Scrivanich sold 3,029 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $8.86, for a total transaction of $26,836.94. Following the transaction, the senior vice president now owns 57,319 shares of the company’s stock, valued at approximately $507,846.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Viavi Solutions news, SVP Kevin Christopher Siebert sold 8,432 shares of the firm’s stock in a transaction dated Thursday, August 29th. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Luke M. Scrivanich sold 3,029 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $8.86, for a total transaction of $26,836.94. Following the transaction, the senior vice president now directly owns 57,319 shares in the company, valued at approximately $507,846.34. The disclosure for this sale can be found here. In the last quarter, insiders have sold 70,976 shares of company stock valued at $583,012. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in VIAV. Sequoia Financial Advisors LLC boosted its stake in Viavi Solutions by 11.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 17,326 shares of the communications equipment provider’s stock worth $157,000 after purchasing an additional 1,756 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in Viavi Solutions by 1.9% in 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 in the last quarter. First National Bank of Omaha boosted its stake in Viavi Solutions by 5.4% in the 4th quarter. First National Bank of Omaha now owns 51,146 shares of the communications equipment provider’s stock worth $515,000 after purchasing an additional 2,633 shares in the last quarter. Texas Permanent School Fund Corp boosted its stake in Viavi Solutions by 1.4% in 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. Finally, QRG Capital Management Inc. boosted its stake in 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 worth $194,000 after purchasing an additional 2,883 shares in the last quarter. Hedge funds and other institutional investors own 95.54% of the company’s stock.

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.