Viavi Solutions (NASDAQ:VIAV) Given “Outperform” Rating at Northland Securities

Northland Securities reissued their outperform rating on shares of Viavi Solutions (NASDAQ:VIAV) in a report published on Friday morning,Benzinga reports. They currently have a $14.00 price objective on the communications equipment provider’s stock, up from their prior price objective of $13.00.

Several other brokerages also recently issued reports on VIAV. Needham & Company LLC reissued a “hold” rating on shares of Viavi Solutions in a report on Monday, December 16th. Stifel Nicolaus boosted their target price on shares of Viavi Solutions from $10.50 to $12.00 and gave the company a “buy” rating in a research note on Monday, December 16th. UBS Group began coverage on shares of Viavi Solutions in a research note on Tuesday, November 19th. They issued a “neutral” rating and a $10.60 price target on the stock. Morgan Stanley reiterated an “underweight” rating and set a $9.50 price objective (up from $8.00) on shares of Viavi Solutions in a research report on Tuesday, December 17th. Finally, StockNews.com upgraded Viavi Solutions from a “hold” rating to a “buy” rating in a research report on Thursday, January 9th. 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $11.88.

Viavi Solutions Trading Up 20.5 %

Shares of NASDAQ VIAV opened at $12.04 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.71 and a quick ratio of 3.31. The firm’s 50-day moving average price is $10.30 and its two-hundred day moving average price is $9.25. Viavi Solutions has a 52-week low of $6.60 and a 52-week high of $12.91.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings results on Thursday, October 31st. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. The business had revenue of $238.20 million for the quarter, compared to the consensus estimate of $240.09 million. Viavi Solutions had a positive return on equity of 2.22% and a negative net margin of 3.78%. The business’s revenue was down 3.9% on a year-over-year basis. During the same quarter last year, the business posted $0.05 EPS. On average, research analysts predict that Viavi Solutions will post 0.18 earnings per share for the current fiscal year.

Insider Buying and Selling at Viavi Solutions

In other Viavi Solutions news, SVP Luke M. Scrivanich sold 2,802 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $10.43, for a total value of $29,224.86. Following the transaction, the senior vice president now owns 54,517 shares of the company’s stock, valued at approximately $568,612.31. This represents a 4.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Masood Jabbar sold 30,000 shares of the firm’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $10.01, for a total value of $300,300.00. Following the sale, the director now directly owns 180,333 shares of the company’s stock, valued at approximately $1,805,133.33. This represents a 14.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 47,802 shares of company stock valued at $481,625. 1.52% of the stock is owned by insiders.

Institutional Trading of Viavi Solutions

Several institutional investors and hedge funds have recently bought and sold shares of VIAV. Leeward Investments LLC MA boosted its holdings in shares of Viavi Solutions by 17.1% in the third quarter. Leeward Investments LLC MA now owns 1,705,653 shares of the communications equipment provider’s stock worth $15,385,000 after buying an additional 249,554 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Viavi Solutions by 7.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,194,959 shares of the communications equipment provider’s stock worth $28,819,000 after purchasing an additional 217,399 shares during the period. Dean Investment Associates LLC boosted its stake in Viavi Solutions by 189.6% in the 3rd quarter. Dean Investment Associates LLC now owns 280,239 shares of the communications equipment provider’s stock worth $2,528,000 after purchasing an additional 183,481 shares during the period. Edgestream Partners L.P. grew its position in Viavi Solutions by 100.2% during the 3rd quarter. Edgestream Partners L.P. now owns 330,313 shares of the communications equipment provider’s stock worth $2,979,000 after purchasing an additional 165,339 shares in the last quarter. Finally, Tributary Capital Management LLC raised its stake in Viavi Solutions by 14.5% during the 4th quarter. Tributary Capital Management LLC now owns 1,277,654 shares of the communications equipment provider’s stock valued at $12,904,000 after purchasing an additional 161,532 shares during the period. Institutional investors and hedge funds own 95.54% of the company’s stock.

About Viavi Solutions

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.