Viavi Solutions (NASDAQ:VIAV) Earns Neutral Rating from Analysts at UBS Group

Equities researchers at UBS Group began coverage on shares of Viavi Solutions (NASDAQ:VIAV) in a research report issued to clients and investors on Tuesday,Briefing.com Automated Import reports. The firm set a “neutral” rating and a $10.60 price target on the communications equipment provider’s stock. UBS Group’s price target would indicate a potential upside of 8.16% from the company’s current price.

Several other equities research analysts have also issued reports on VIAV. Rosenblatt Securities lifted their target price on shares of Viavi Solutions from $8.25 to $10.50 and gave the company a “neutral” rating in a research report on Friday, November 1st. Needham & Company LLC reaffirmed a “hold” rating on shares of Viavi Solutions in a research report on Friday, November 1st. B. Riley dropped their target price on shares of Viavi Solutions from $9.00 to $8.50 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Stifel Nicolaus reduced their price objective on Viavi Solutions from $13.00 to $10.50 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Finally, StockNews.com raised shares of Viavi Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Six analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.44.

Viavi Solutions Stock Down 0.7 %

Shares of VIAV opened at $9.80 on Tuesday. Viavi Solutions has a one year low of $6.60 and a one year high of $11.32. The firm has a 50 day simple moving average of $9.21 and a two-hundred day simple moving average of $8.17. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.71 and a quick ratio of 3.31. The company has a market cap of $2.17 billion, a P/E ratio of -57.64 and a beta of 0.90.

Viavi Solutions (NASDAQ:VIAV) last released its earnings results on Thursday, October 31st. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. The company had revenue of $238.20 million for the quarter, compared to the consensus estimate of $240.09 million. Viavi Solutions had a negative net margin of 3.78% and a positive return on equity of 2.22%. Viavi Solutions’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.05 EPS. Research analysts forecast that Viavi Solutions will post 0.19 EPS for the current fiscal year.

Insider Buying and Selling at Viavi Solutions

In other news, Director Masood Jabbar sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $8.17, for a total value of $245,100.00. Following the sale, the director now directly owns 243,514 shares in the company, valued at approximately $1,989,509.38. This represents a 10.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Luke M. Scrivanich sold 3,029 shares of Viavi Solutions stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $8.86, for a total value of $26,836.94. Following the completion of the transaction, the senior vice president now directly owns 57,319 shares of the company’s stock, valued at $507,846.34. This represents a 5.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 93,652 shares of company stock worth $817,585 over the last 90 days. 1.52% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Viavi Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of VIAV. Capital Performance Advisors LLP acquired a new stake in Viavi Solutions during the third quarter worth about $25,000. Innealta Capital LLC acquired a new position in shares of Viavi Solutions during the 2nd quarter valued at $38,000. Quarry LP grew its stake in shares of Viavi Solutions by 419.7% in the 2nd quarter. Quarry LP now owns 7,229 shares of the communications equipment provider’s stock valued at $50,000 after buying an additional 5,838 shares during the period. Summit Securities Group LLC bought a new stake in shares of Viavi Solutions during the second quarter valued at approximately $52,000. Finally, Sanctuary Advisors LLC bought a new stake in Viavi Solutions during the 2nd quarter valued at $76,000. Institutional investors own 95.54% of the company’s stock.

Viavi Solutions Company Profile

Viavi Solutions Inc provides network test, monitoring, and assurance solutions for communications service providers, hyperscalers, network equipment manufacturers, original equipment manufacturers, government, and avionics customers in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.