Viavi Solutions Inc. (NASDAQ:VIAV)‘s stock had its “hold” rating reissued by analysts at Needham & Company LLC in a research report issued to clients and investors on Thursday.

Several other brokerages have also commented on VIAV. BidaskClub upgraded Viavi Solutions from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. B. Riley reiterated a “buy” rating and set a $14.00 price objective on shares of Viavi Solutions in a research report on Thursday, August 10th. Stifel Nicolaus reiterated a “hold” rating and set a $11.00 price objective on shares of Viavi Solutions in a research report on Thursday, August 3rd. TheStreet lowered Viavi Solutions from a “b” rating to a “c+” rating in a research report on Tuesday, August 1st. Finally, MKM Partners increased their price objective on Viavi Solutions from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, August 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. Viavi Solutions presently has an average rating of “Buy” and an average price target of $12.78.

Shares of Viavi Solutions (VIAV) traded up 1.17% during mid-day trading on Thursday, hitting $9.54. The company had a trading volume of 1,060,719 shares. Viavi Solutions has a 1-year low of $6.99 and a 1-year high of $11.89. The company has a 50-day moving average price of $9.82 and a 200-day moving average price of $10.55. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 13.49 and a beta of 1.31.

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

ILLEGAL ACTIVITY NOTICE: This article was first published by American Banking News and is owned by of American Banking News. If you are reading this article on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark laws. The correct version of this article can be read at https://www.americanbankingnews.com/2017/10/12/viavi-solutions-viav-hold-rating-reiterated-at-needham-company-llc.html.

In related news, SVP Ralph Rondinone sold 4,569 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $9.83, for a total transaction of $44,913.27. Following the transaction, the senior vice president now directly owns 7,239 shares in the company, valued at approximately $71,159.37. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Kevin Christopher Siebert sold 10,689 shares of the firm’s 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 transaction, the vice president now owns 14,968 shares in the company, valued at $140,699.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 90,694 shares of company stock worth $883,564. 0.59% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. grew its position in Viavi Solutions by 48,994.6% during the 1st quarter. BlackRock Inc. now owns 30,339,979 shares of the communications equipment provider’s stock worth $325,243,000 after acquiring an additional 30,278,180 shares during the last quarter. Vanguard Group Inc. grew its position in Viavi Solutions by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 21,052,725 shares of the communications equipment provider’s stock worth $221,685,000 after acquiring an additional 158,549 shares during the last quarter. Capital Research Global Investors grew its position in Viavi Solutions by 2.2% during the 2nd quarter. Capital Research Global Investors now owns 16,251,481 shares of the communications equipment provider’s stock worth $171,128,000 after acquiring an additional 352,207 shares during the last quarter. Renaissance Technologies LLC grew its position in Viavi Solutions by 36.1% during the 2nd quarter. Renaissance Technologies LLC now owns 6,628,606 shares of the communications equipment provider’s stock worth $69,799,000 after acquiring an additional 1,756,862 shares during the last quarter. Finally, State Street Corp grew its position in Viavi Solutions by 4.8% during the 1st quarter. State Street Corp now owns 5,975,240 shares of the communications equipment provider’s stock worth $64,050,000 after acquiring an additional 271,658 shares during the last quarter. Institutional investors and hedge funds own 92.44% of the company’s stock.

Viavi Solutions Company Profile

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.