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 report released on Monday morning.

A number of other analysts also recently issued reports on the stock. UBS Group increased their target price 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. Argus increased their target price on shares of Viavi Solutions from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. B. Riley increased their target price 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. Northland Securities reissued an “outperform” rating and set a $14.00 target price (up previously from $13.00) on shares of Viavi Solutions in a research report on Friday, January 31st. Finally, Rosenblatt Securities raised shares of Viavi Solutions from a “neutral” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Friday, March 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $12.72.

Viavi Solutions Price Performance

Viavi Solutions stock opened at $10.76 on Monday. The firm’s 50-day simple moving average is $11.04 and its 200 day simple moving average is $10.03. Viavi Solutions has a 52 week low of $6.60 and a 52 week high of $12.91. The firm has a market capitalization of $2.39 billion, a PE ratio of -59.77 and a beta of 0.94. The company has a quick ratio of 3.18, a current ratio of 3.55 and a debt-to-equity ratio of 0.94.

Insider Activity at Viavi Solutions

In related news, EVP Paul Mcnab sold 9,034 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $11.09, for a total transaction of $100,187.06. Following the sale, the executive vice president now directly owns 38,775 shares of the company’s stock, valued at approximately $430,014.75. This represents a 18.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP James L. Veler, Jr. sold 13,807 shares of the firm’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $10.86, for a total value of $149,944.02. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 67,164 shares of company stock valued at $711,422. Corporate insiders own 1.52% of the company’s stock.

Institutional Investors Weigh In On Viavi Solutions

A number of hedge funds have recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management lifted its stake in Viavi Solutions by 35.0% in the fourth quarter. Picton Mahoney Asset Management now owns 3,212 shares of the communications equipment provider’s stock valued at $32,000 after buying an additional 833 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in Viavi Solutions by 8.1% in the fourth quarter. Sanctuary Advisors LLC now owns 17,226 shares of the communications equipment provider’s stock valued at $172,000 after buying an additional 1,288 shares during the last quarter. Xponance Inc. lifted its stake in Viavi Solutions by 11.5% in the fourth quarter. Xponance Inc. now owns 15,977 shares of the communications equipment provider’s stock valued at $161,000 after buying an additional 1,649 shares during the last quarter. Park Avenue Securities LLC lifted its stake in Viavi Solutions by 15.4% in the fourth quarter. Park Avenue Securities LLC now owns 13,442 shares of the communications equipment provider’s stock valued at $136,000 after buying an additional 1,792 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in shares of Viavi Solutions by 5.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 43,732 shares of the communications equipment provider’s stock valued at $442,000 after purchasing an additional 2,277 shares in 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.