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

Viavi Solutions Inc. (NASDAQ:VIAV) has earned an average recommendation of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $11.65.

Several equities analysts have weighed in on the company. Rosenblatt Securities lowered Viavi Solutions from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $10.00 to $8.25 in a report on Wednesday, June 26th. Needham & Company LLC restated a “hold” rating on shares of Viavi Solutions in a research note on Friday, May 3rd. StockNews.com upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research report on Friday, April 12th. Argus raised shares of Viavi Solutions to a “strong-buy” rating in a research report on Thursday, May 9th. Finally, Susquehanna downgraded shares of Viavi Solutions from a “positive” rating to a “neutral” rating and set a $9.00 price objective for the company. in a report on Friday, May 3rd.

Insider Buying and Selling

In other news, EVP Paul Mcnab sold 6,822 shares of the stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $7.33, for a total value of $50,005.26. Following the transaction, the executive vice president now owns 42,955 shares of the company’s stock, valued at approximately $314,860.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders have sold 14,985 shares of company stock worth $109,969. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Viavi Solutions

A number of large investors have recently modified their holdings of VIAV. Headlands Technologies LLC purchased a new stake in Viavi Solutions in the first quarter worth approximately $55,000. Park Avenue Securities LLC bought a new position in shares of Viavi Solutions during the 1st quarter valued at $99,000. Versor Investments LP purchased a new position in Viavi Solutions in the 4th quarter worth $110,000. Quadrant Capital Group LLC lifted its stake in Viavi Solutions by 49.0% in the fourth quarter. Quadrant Capital Group LLC now owns 12,019 shares of the communications equipment provider’s stock worth $121,000 after purchasing an additional 3,952 shares during the last quarter. Finally, Heritage Wealth Management LLC purchased a new stake in Viavi Solutions during the fourth quarter valued at about $150,000. 95.54% of the stock is owned by hedge funds and other institutional investors.

Viavi Solutions Stock Up 1.8 %

Shares of NASDAQ:VIAV opened at $7.72 on Tuesday. The company has a market capitalization of $1.72 billion, a PE ratio of -386.00 and a beta of 0.91. Viavi Solutions has a 1 year low of $6.60 and a 1 year high of $11.32. The company has a debt-to-equity ratio of 0.90, a current ratio of 3.81 and a quick ratio of 3.35. The business has a fifty day moving average price of $7.37 and a two-hundred day moving average price of $8.67.

Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings data on Thursday, May 2nd. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The company had revenue of $246.00 million for the quarter, compared to analysts’ expectations of $249.08 million. Viavi Solutions had a positive return on equity of 4.65% and a negative net margin of 0.42%. The business’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the business posted $0.02 EPS. Analysts forecast that Viavi Solutions will post 0.12 earnings per share for the current 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.