Viavi Solutions Inc. (NASDAQ:VIAV)‘s stock had its “hold” rating restated by investment analysts at Needham & Company LLC in a research report issued on Tuesday.

VIAV has been the subject of several other reports. Zacks Investment Research cut Viavi Solutions from a “buy” rating to a “hold” rating in a report on Saturday, September 10th. William Blair reiterated a “buy” rating on shares of Viavi Solutions in a report on Monday, June 6th. B. Riley reiterated a “neutral” rating and set a $6.75 price target on shares of Viavi Solutions in a report on Wednesday, August 10th. MKM Partners reiterated a “buy” rating and set a $8.50 price target on shares of Viavi Solutions in a report on Monday. Finally, Morgan Stanley reiterated a “hold” rating and set a $6.00 price target on shares of Viavi Solutions in a report on Friday, August 12th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $7.45.

Analyst Recommendations for Viavi Solutions (NASDAQ:VIAV)

Viavi Solutions (NASDAQ:VIAV) opened at 7.42 on Tuesday. The stock’s 50 day moving average is $7.55 and its 200 day moving average is $6.93. The firm’s market capitalization is $1.72 billion. Viavi Solutions has a 1-year low of $4.68 and a 1-year high of $7.94.

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Viavi Solutions (NASDAQ:VIAV) last issued its earnings results on Thursday, August 11th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.01. The company earned $224.10 million during the quarter, compared to analysts’ expectations of $220.39 million. Viavi Solutions had a positive return on equity of 6.67% and a negative net margin of 10.95%. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.13 EPS. Analysts predict that Viavi Solutions will post $0.35 EPS for the current fiscal year.

In related news, SVP Ralph Rondinone sold 10,573 shares of the stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $7.59, for a total transaction of $80,249.07. Following the transaction, the senior vice president now owns 15,664 shares of the company’s stock, valued at approximately $118,889.76. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Luke M. Scrivanich sold 14,415 shares of the stock in a transaction dated Tuesday, August 23rd. The stock was sold at an average price of $7.84, for a total value of $113,013.60. Following the transaction, the senior vice president now directly owns 12,686 shares in the company, valued at approximately $99,458.24. The disclosure for this sale can be found here. Corporate insiders own 0.77% of the company’s stock.

A number of institutional investors have recently bought and sold shares of VIAV. Nuveen Asset Management LLC purchased a new position in Viavi Solutions during the second quarter valued at about $103,000. Legal & General Group Plc raised its position in Viavi Solutions by 76.6% in the first quarter. Legal & General Group Plc now owns 15,565 shares of the company’s stock valued at $107,000 after buying an additional 6,749 shares during the last quarter. Hsbc Holdings PLC raised its position in Viavi Solutions by 0.6% in the second quarter. Hsbc Holdings PLC now owns 17,438 shares of the company’s stock valued at $116,000 after buying an additional 98 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in Viavi Solutions during the second quarter valued at about $121,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in Viavi Solutions during the second quarter valued at about $130,000. 87.21% of the stock is currently owned by hedge funds and other institutional investors.

Viavi Solutions Company Profile

Viavi Solutions Inc, formerly JDS Uniphase Corporation, is a provider of network and service enablement solutions and optical products for telecommunications service providers, wireless operators, cable operators, network-equipment manufacturers (NEMs) and enterprises. The Company operates in three business segments: Network and Service Enablement (NSE), Communications and Commercial Optical Products (CCOP), and Optical Security and Performance Products (OSP).

5 Day Chart for NASDAQ:VIAV

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