Viavi Solutions Inc. (NASDAQ:VIAV) has received a consensus rating of “Hold” from the eleven research firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $13.14.

A number of research firms have recently commented on VIAV. B. Riley reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Viavi Solutions in a research note on Thursday, August 10th. Zacks Investment Research lowered shares of Viavi Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, August 19th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $11.00 price objective on shares of Viavi Solutions in a research note on Thursday, August 3rd. MKM Partners upped their price objective on shares of Viavi Solutions from $11.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, August 16th. Finally, BidaskClub lowered shares of Viavi Solutions from a “hold” rating to a “sell” rating in a research note on Monday, August 14th.

Viavi Solutions (NASDAQ VIAV) traded up $0.08 on Thursday, reaching $9.37. 3,727,162 shares of the company’s stock were exchanged, compared to its average volume of 3,059,420. Viavi Solutions has a 52-week low of $7.56 and a 52-week high of $11.89. The company has a quick ratio of 2.10, a current ratio of 2.20 and a debt-to-equity ratio of 0.47. The company has a market cap of $2,112.75, a price-to-earnings ratio of 30.97, a price-to-earnings-growth ratio of 1.52 and a beta of 1.17.

Viavi Solutions (NASDAQ:VIAV) last posted its earnings results on Wednesday, November 1st. The communications equipment provider reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.06. Viavi Solutions had a net margin of 10.57% and a return on equity of 8.99%. The firm had revenue of $195.20 million for the quarter, compared to analyst estimates of $183.89 million. During the same period in the previous year, the firm posted $0.09 EPS. The company’s revenue for the quarter was down 7.4% compared to the same quarter last year. research analysts expect that Viavi Solutions will post 0.31 EPS for the current fiscal year.

In related news, SVP Luke M. Scrivanich sold 3,920 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $8.97, for a total transaction of $35,162.40. Following the transaction, the senior vice president now directly owns 27,629 shares of the company’s stock, valued at $247,832.13. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Paul Mcnab sold 27,936 shares of the company’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $9.87, for a total transaction of $275,728.32. Following the transaction, the executive vice president now owns 44,755 shares in the company, valued at approximately $441,731.85. The disclosure for this sale can be found here. Over the last three months, insiders have sold 94,610 shares of company stock worth $897,523. 0.59% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in VIAV. Creative Planning raised its holdings in Viavi Solutions by 177.9% during the second quarter. Creative Planning now owns 11,302 shares of the communications equipment provider’s stock worth $119,000 after buying an additional 7,235 shares during the last quarter. Aperio Group LLC raised its holdings in Viavi Solutions by 12.3% during the second quarter. Aperio Group LLC now owns 90,782 shares of the communications equipment provider’s stock worth $956,000 after buying an additional 9,964 shares during the last quarter. Quantitative Systematic Strategies LLC raised its holdings in shares of Viavi Solutions by 45.3% in the second quarter. Quantitative Systematic Strategies LLC now owns 17,831 shares of the communications equipment provider’s stock valued at $188,000 after purchasing an additional 5,555 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in shares of Viavi Solutions by 4.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 54,370 shares of the communications equipment provider’s stock valued at $573,000 after purchasing an additional 2,080 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its holdings in shares of Viavi Solutions by 2.3% in the second quarter. Great West Life Assurance Co. Can now owns 326,773 shares of the communications equipment provider’s stock valued at $3,437,000 after purchasing an additional 7,222 shares during the last quarter. Hedge funds and other institutional investors own 92.54% of the company’s stock.

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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)

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