Viavi Solutions Inc (VIAV) Receives Average Rating of “Hold” from Brokerages

Shares of Viavi Solutions Inc (NASDAQ:VIAV) have been given a consensus recommendation of “Hold” by the ten ratings firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $12.88.

Several equities research analysts recently commented on the company. Stifel Nicolaus reiterated a “hold” rating on shares of Viavi Solutions in a report on Tuesday, October 24th. Zacks Investment Research downgraded Viavi Solutions from a “hold” rating to a “sell” rating in a report on Thursday, November 2nd. Rosenblatt Securities set a $13.00 target price on Viavi Solutions and gave the company a “buy” rating in a report on Wednesday, December 13th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Viavi Solutions in a report on Thursday, October 12th.

In other Viavi Solutions news, EVP Paul Mcnab sold 3,003 shares of Viavi Solutions stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $9.05, for a total transaction of $27,177.15. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Luke M. Scrivanich sold 3,920 shares of Viavi Solutions stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $8.97, for a total value of $35,162.40. Following the sale, the senior vice president now owns 27,629 shares in the company, valued at $247,832.13. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 33,710 shares of company stock worth $303,444. Company insiders own 0.59% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Stifel Financial Corp increased its holdings in Viavi Solutions by 1.8% during the 2nd quarter. Stifel Financial Corp now owns 52,454 shares of the communications equipment provider’s stock worth $552,000 after purchasing an additional 933 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Viavi Solutions by 10.4% during 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 last quarter. Shelton Capital Management increased its holdings in Viavi Solutions by 8.8% during the 2nd quarter. Shelton Capital Management now owns 22,881 shares of the communications equipment provider’s stock worth $241,000 after purchasing an additional 1,848 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in Viavi Solutions by 10.6% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 30,024 shares of the communications equipment provider’s stock worth $316,000 after purchasing an additional 2,877 shares during the last quarter. Finally, Nordea Investment Management AB increased its holdings in Viavi Solutions by 0.8% during the 2nd quarter. Nordea Investment Management AB now owns 599,400 shares of the communications equipment provider’s stock worth $6,312,000 after purchasing an additional 4,800 shares during the last quarter. Institutional investors own 92.40% of the company’s stock.

Viavi Solutions (NASDAQ VIAV) traded down $0.14 during trading on Friday, hitting $8.80. The stock had a trading volume of 3,131,059 shares, compared to its average volume of 2,058,823. The stock has a market cap of $2,000.00, a P/E ratio of 25.14, a price-to-earnings-growth ratio of 1.48 and a beta of 1.90. The company has a current ratio of 2.20, a quick ratio of 2.10 and a debt-to-equity ratio of 0.47. Viavi Solutions has a 52 week low of $8.34 and a 52 week 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 EPS for the quarter, topping 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% compared to the same quarter last year. During the same period last year, the business posted $0.09 EPS. analysts expect that Viavi Solutions will post 0.31 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This article was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another domain, it was copied illegally and reposted in violation of international copyright and trademark law. The correct version of this article can be accessed at https://www.americanbankingnews.com/2018/01/19/viavi-solutions-inc-viav-receives-average-rating-of-hold-from-brokerages.html.

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

Leave a Reply