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.
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.
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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.
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