Equities research analysts at Northland Securities started coverage on shares of Viavi Solutions (NASDAQ:VIAV) in a research note issued to investors on Tuesday, The Fly reports. The firm set an “outperform” rating on the communications equipment provider’s stock.
Other equities research analysts have also issued research reports about the stock. TheStreet upgraded shares of Viavi Solutions from a “c” rating to a “b-” rating in a research note on Wednesday, February 6th. BidaskClub lowered shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 5th. ValuEngine upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Stifel Nicolaus initiated coverage on shares of Viavi Solutions in a research note on Monday, October 22nd. They issued a “buy” rating and a $14.00 price objective for the company. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $15.00 price objective on shares of Viavi Solutions in a research note on Sunday. One equities research analyst has rated the stock with a sell rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $12.62.
NASDAQ:VIAV opened at $11.99 on Tuesday. The company has a quick ratio of 2.70, a current ratio of 2.99 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 35.25 and a beta of 0.84. Viavi Solutions has a 52 week low of $9.11 and a 52 week high of $12.82.
Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings data on Tuesday, February 5th. The communications equipment provider reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.06. The firm had revenue of $298.40 million during the quarter, compared to analyst estimates of $280.93 million. Viavi Solutions had a negative net margin of 3.76% and a positive return on equity of 15.82%. The company’s revenue for the quarter was up 47.9% on a year-over-year basis. During the same quarter last year, the business posted $0.09 EPS. Equities analysts forecast that Viavi Solutions will post 0.54 earnings per share for the current year.
In other news, Director Keith Barnes sold 11,074 shares of the stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $9.73, for a total transaction of $107,750.02. Following the completion of the transaction, the director now directly owns 98,471 shares of the company’s stock, valued at approximately $958,122.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 13,149 shares of company stock valued at $127,959 over the last three months. Insiders own 0.50% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new position in shares of Viavi Solutions during the 4th quarter valued at approximately $31,000. Pearl River Capital LLC bought a new position in Viavi Solutions in the 4th quarter worth approximately $45,000. First Quadrant L P CA bought a new position in Viavi Solutions in the 4th quarter worth approximately $76,000. Raymond James & Associates bought a new position in Viavi Solutions in the 2nd quarter worth approximately $109,000. Finally, Main Street Research LLC bought a new position in Viavi Solutions in the 3rd quarter worth approximately $121,000. 90.56% of the stock is owned by hedge funds and other institutional investors.
About Viavi Solutions
Viavi Solutions Inc provides network test, monitoring, and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil government, military, and avionics customers worldwide. The company operates through Network Enablement, Service Enablement, and Optical Security and Performance Products segments.
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