Viavi Solutions (NASDAQ:VIAV) Upgraded at StockNews.com

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

Several other equities analysts have also commented on VIAV. Stifel Nicolaus reaffirmed a “buy” rating and set a $13.00 price target (up previously from $12.00) on shares of Viavi Solutions in a research report on Friday, January 31st. Northland Securities reissued an “outperform” rating and issued a $14.00 price objective (up previously from $13.00) on shares of Viavi Solutions in a research report on Friday, January 31st. Rosenblatt Securities increased their price objective on shares of Viavi Solutions from $8.25 to $10.50 and gave the stock a “neutral” rating in a research report on Friday, November 1st. B. Riley increased their price objective on shares of Viavi Solutions from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Finally, UBS Group increased their price objective 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. One analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Viavi Solutions has an average rating of “Moderate Buy” and a consensus price target of $12.33.

Viavi Solutions Stock Performance

Shares of VIAV opened at $12.67 on Monday. Viavi Solutions has a 1 year low of $6.60 and a 1 year high of $12.91. The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.18 and a current ratio of 3.55. The company’s 50 day simple moving average is $10.44 and its 200 day simple moving average is $9.36. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of -70.38 and a beta of 0.92.

Insider Buying and Selling at Viavi Solutions

In other Viavi Solutions news, Director Masood Jabbar sold 15,000 shares of the stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $10.14, for a total transaction of $152,100.00. Following the transaction, the director now directly owns 225,333 shares in the company, valued at $2,284,876.62. This represents a 6.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Luke M. Scrivanich sold 2,802 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $10.43, for a total transaction of $29,224.86. Following the transaction, the senior vice president now owns 54,517 shares in the company, valued at $568,612.31. This trade represents a 4.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 47,802 shares of company stock worth $481,625 in the last ninety days. 1.52% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Smartleaf Asset Management LLC lifted its position in shares of Viavi Solutions by 836.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 8,323 shares of the communications equipment provider’s stock worth $84,000 after buying an additional 7,434 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Viavi Solutions by 14.3% in the 4th quarter. Bank of New York Mellon Corp now owns 3,475,819 shares of the communications equipment provider’s stock worth $35,106,000 after buying an additional 435,265 shares during the last quarter. Handelsbanken Fonder AB lifted its position in shares of Viavi Solutions by 13.1% in the 4th quarter. Handelsbanken Fonder AB now owns 66,610 shares of the communications equipment provider’s stock worth $673,000 after buying an additional 7,700 shares during the last quarter. Venturi Wealth Management LLC bought a new position in shares of Viavi Solutions in the 4th quarter worth about $75,000. Finally, Sanctuary Advisors LLC lifted its position in shares of Viavi Solutions by 8.1% in the 4th quarter. Sanctuary Advisors LLC now owns 17,226 shares of the communications equipment provider’s stock worth $172,000 after buying an additional 1,288 shares during the last quarter. 95.54% of the stock is currently owned by 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.