Viavi Solutions (NASDAQ:VIAV) has been assigned a $13.00 price target by research analysts at Rosenblatt Securities in a report released on Wednesday. The brokerage presently has a “buy” rating on the communications equipment provider’s stock. Rosenblatt Securities’ price target indicates a potential upside of 50.29% from the stock’s current price.

Several other research analysts also recently commented on VIAV. B. Riley reissued a “buy” rating and issued a $12.50 target price on shares of Viavi Solutions in a report on Sunday, August 20th. Zacks Investment Research cut shares of Viavi Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, August 19th. Stifel Nicolaus restated a “hold” rating and issued a $11.00 price objective on shares of Viavi Solutions in a research report on Wednesday, August 16th. MKM Partners boosted their price objective on shares of Viavi Solutions from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Wednesday, August 16th. Finally, Needham & Company LLC restated a “hold” rating on shares of Viavi Solutions in a research report on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $12.50.

Viavi Solutions (VIAV) traded down $0.20 during midday trading on Wednesday, reaching $8.65. The company’s stock had a trading volume of 3,448,782 shares, compared to its average volume of 3,011,542. 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 firm has a market capitalization of $1,983.12, a P/E ratio of 29.07, a price-to-earnings-growth ratio of 1.43 and a beta of 1.19. Viavi Solutions has a 12 month low of $8.13 and a 12 month high of $11.89.

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

In related news, EVP Paul Mcnab sold 27,936 shares of the company’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $9.87, for a total value of $275,728.32. Following the completion of the sale, the executive vice president now owns 44,755 shares in the company, valued at approximately $441,731.85. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard Belluzzo sold 10,000 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $9.00, for a total transaction of $90,000.00. Following the completion of the sale, the director now owns 198,910 shares of the company’s stock, valued at approximately $1,790,190. The disclosure for this sale can be found here. In the last 90 days, insiders sold 94,610 shares of company stock valued at $897,523. 0.59% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of 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 buying an additional 158,549 shares during the last quarter. Capital Research Global Investors boosted its stake in shares of 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 buying an additional 352,207 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of 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 buying an additional 1,756,862 shares during the last quarter. Teachers Advisors LLC lifted its stake in Viavi Solutions by 26.1% in the 2nd quarter. Teachers Advisors LLC now owns 3,277,962 shares of the communications equipment provider’s stock valued at $34,517,000 after purchasing an additional 677,531 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Viavi Solutions by 5.1% in the 2nd quarter. Northern Trust Corp now owns 3,022,015 shares of the communications equipment provider’s stock valued at $31,821,000 after purchasing an additional 147,950 shares during the last quarter. 92.49% of the stock is owned by hedge funds and other institutional investors.

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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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