Viavi Solutions Inc. (NASDAQ:VIAV) has been given a consensus rating of “Buy” by the twelve research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $12.39.

VIAV has been the subject of several research analyst reports. B. Riley restated a “buy” rating and set a $14.00 price target on shares of Viavi Solutions in a report on Tuesday, August 15th. MKM Partners raised their price target on Viavi Solutions from $11.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, August 16th. BidaskClub upgraded Viavi Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. TheStreet cut Viavi Solutions from a “b” rating to a “c+” rating in a report on Tuesday, August 1st. Finally, Stifel Nicolaus restated a “hold” rating and set a $11.00 price target on shares of Viavi Solutions in a report on Thursday, August 3rd.

COPYRIGHT VIOLATION WARNING: “Viavi Solutions Inc. (VIAV) Given Average Rating of “Buy” by Brokerages” was originally published by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another website, it was copied illegally and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/10/11/viavi-solutions-inc-viav-given-average-rating-of-buy-by-brokerages.html.

In other news, VP Kevin Christopher Siebert sold 10,689 shares of Viavi Solutions stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $9.40, for a total value of $100,476.60. Following the completion of the transaction, the vice president now owns 14,968 shares in the company, valued at approximately $140,699.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Ralph Rondinone sold 27,272 shares of Viavi Solutions stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $9.44, for a total value of $257,447.68. Following the completion of the transaction, the senior vice president now owns 22,738 shares of the company’s stock, valued at approximately $214,646.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,694 shares of company stock valued at $883,564. Company insiders own 0.59% of the company’s stock.

Several institutional investors have recently made changes to their positions in VIAV. Essex Investment Management Co. LLC purchased a new position in shares of Viavi Solutions in the 2nd quarter worth approximately $109,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Viavi Solutions by 10.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,635 shares of the communications equipment provider’s stock worth $112,000 after purchasing an additional 1,003 shares during the period. Creative Planning boosted its holdings in shares of Viavi Solutions by 177.9% in the 2nd quarter. Creative Planning now owns 11,302 shares of the communications equipment provider’s stock worth $119,000 after purchasing an additional 7,235 shares during the period. BlueMountain Capital Management LLC purchased a new position in shares of Viavi Solutions in the 2nd quarter worth approximately $123,000. Finally, Sciencast Management LP purchased a new position in shares of Viavi Solutions in the 2nd quarter worth approximately $146,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.

Viavi Solutions (NASDAQ VIAV) traded down 0.53% during mid-day trading on Wednesday, reaching $9.43. The company had a trading volume of 1,154,481 shares. The firm has a 50-day moving average of $9.82 and a 200 day moving average of $10.55. Viavi Solutions has a 1-year low of $6.99 and a 1-year high of $11.89. The company has a market capitalization of $2.15 billion, a PE ratio of 13.34 and a beta of 1.31.

Viavi Solutions (NASDAQ:VIAV) last released its earnings results on Tuesday, August 15th. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.03. The firm had revenue of $198.10 million during the quarter, compared to analysts’ expectations of $196.22 million. Viavi Solutions had a return on equity of 8.46% and a net margin of 20.57%. The firm’s revenue was down 11.6% on a year-over-year basis. During the same quarter last year, the business posted $0.10 earnings per share. On average, analysts predict that Viavi Solutions will post $0.41 earnings per share for the current fiscal year.

About Viavi Solutions

Viavi Solutions Inc (Viavi) is a provider of network test, monitoring and assurance solutions to communications service providers, enterprises and their ecosystems. The Company also offers thin film optical coatings, providing light management solutions to anti-counterfeiting, consumer and industrial, government and healthcare and other markets.

Analyst Recommendations for Viavi Solutions (NASDAQ:VIAV)

Receive News & Ratings for Viavi Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Viavi Solutions Inc. and related companies with MarketBeat.com's FREE daily email newsletter.