Viavi Solutions (NASDAQ:VIAV) Lowered to “Buy” Rating by StockNews.com

Viavi Solutions (NASDAQ:VIAV) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

A number of other equities research analysts have also recently weighed in on the company. Argus upped their price objective on Viavi Solutions from $13.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. Morgan Stanley lifted their target price on Viavi Solutions from $9.50 to $10.00 and gave the stock an “underweight” rating in a report on Friday, January 31st. Northland Securities reaffirmed an “outperform” rating and set a $14.00 target price (up previously from $13.00) on shares of Viavi Solutions in a report on Friday, January 31st. Stifel Nicolaus reaffirmed a “buy” rating and set a $13.00 target price (up previously from $12.00) on shares of Viavi Solutions in a report on Friday, January 31st. Finally, B. Riley lifted their target price on Viavi Solutions from $10.00 to $12.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Viavi Solutions has a consensus rating of “Moderate Buy” and an average price target of $12.72.

Viavi Solutions Price Performance

VIAV opened at $11.37 on Tuesday. Viavi Solutions has a 12-month low of $6.60 and a 12-month high of $12.91. The company has a current ratio of 3.55, a quick ratio of 3.18 and a debt-to-equity ratio of 0.94. The business’s fifty day simple moving average is $11.15 and its 200-day simple moving average is $10.12. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of -63.16 and a beta of 0.94.

Insider Transactions at Viavi Solutions

In other news, EVP Paul Mcnab sold 9,034 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $11.09, for a total value of $100,187.06. Following the transaction, the executive vice president now owns 38,775 shares of the company’s stock, valued at $430,014.75. This represents a 18.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP James L. Veler, Jr. sold 13,807 shares of the company’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. Insiders have sold 67,164 shares of company stock valued at $711,422 over the last ninety days. Insiders own 1.52% of the company’s stock.

Institutional Investors Weigh In On Viavi Solutions

Several institutional investors and hedge funds have recently modified their holdings of VIAV. KBC Group NV raised its holdings in shares of Viavi Solutions by 53.0% in the 3rd quarter. KBC Group NV now owns 9,388 shares of the communications equipment provider’s stock valued at $85,000 after buying an additional 3,252 shares during the period. Natixis Advisors LLC raised its holdings in shares of Viavi Solutions by 29.4% in the 3rd quarter. Natixis Advisors LLC now owns 65,393 shares of the communications equipment provider’s stock valued at $590,000 after buying an additional 14,863 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Viavi Solutions by 125.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 222,779 shares of the communications equipment provider’s stock worth $2,009,000 after purchasing an additional 124,057 shares during the period. Intech Investment Management LLC increased its holdings in Viavi Solutions by 132.0% during the 3rd quarter. Intech Investment Management LLC now owns 68,107 shares of the communications equipment provider’s stock worth $614,000 after purchasing an additional 38,747 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Viavi Solutions by 7.3% during 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. Hedge funds and other institutional investors 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.