Viavi Solutions (NASDAQ:VIAV) Stock Rating Reaffirmed by Needham & Company LLC

Needham & Company LLC restated their hold rating on shares of Viavi Solutions (NASDAQ:VIAV) in a report published on Friday morning, Benzinga reports.

A number of other equities research analysts also recently commented on VIAV. Rosenblatt Securities downgraded 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. StockNews.com raised Viavi Solutions from a hold rating to a buy rating in a research report on Friday, April 12th. Stifel Nicolaus lowered their price objective on Viavi Solutions from $13.00 to $10.50 and set a buy rating for the company in a research report on Tuesday, August 6th. Susquehanna downgraded Viavi Solutions from a positive rating to a neutral rating and set a $9.00 price objective for the company. in a research report on Friday, May 3rd. Finally, Argus raised Viavi Solutions to a strong-buy rating in a research report on Thursday, May 9th. Six equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $10.71.

Viavi Solutions Stock Performance

NASDAQ VIAV opened at $7.54 on Friday. Viavi Solutions has a fifty-two week low of $6.60 and a fifty-two week high of $11.32. The stock has a market cap of $1.68 billion, a price-to-earnings ratio of -377.00 and a beta of 0.91. The business has a fifty day moving average of $7.42 and a 200-day moving average of $8.34. The company has a quick ratio of 3.16, a current ratio of 3.55 and a debt-to-equity ratio of 0.93.

Insider Transactions at Viavi Solutions

In other news, EVP Paul Mcnab sold 6,822 shares of the company’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $7.33, for a total value of $50,005.26. Following the completion of the sale, the executive vice president now owns 42,955 shares of the company’s stock, valued at $314,860.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Mutual of America Capital Management LLC lifted its stake in shares of Viavi Solutions by 423.6% in the first quarter. Mutual of America Capital Management LLC now owns 203,814 shares of the communications equipment provider’s stock worth $1,853,000 after acquiring an additional 164,889 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Viavi Solutions by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 28,739,930 shares of the communications equipment provider’s stock worth $289,411,000 after acquiring an additional 451,354 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in shares of Viavi Solutions by 127.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 204,786 shares of the communications equipment provider’s stock worth $1,862,000 after acquiring an additional 114,822 shares in the last quarter. Franklin Resources Inc. raised its stake in Viavi Solutions by 12.9% during the fourth quarter. Franklin Resources Inc. now owns 2,498,711 shares of the communications equipment provider’s stock valued at $25,162,000 after buying an additional 285,907 shares in the last quarter. Finally, Knights of Columbus Asset Advisors LLC raised its stake in Viavi Solutions by 102.9% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 346,475 shares of the communications equipment provider’s stock valued at $3,489,000 after buying an additional 175,695 shares in the last quarter. Institutional investors and hedge funds own 95.54% of the company’s stock.

Viavi Solutions Company Profile

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.