Stifel Nicolaus Issues Positive Forecast for Viavi Solutions (NASDAQ:VIAV) Stock Price

Viavi Solutions (NASDAQ:VIAV) had its target price raised by equities research analysts at Stifel Nicolaus from $10.50 to $12.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the communications equipment provider’s stock. Stifel Nicolaus’ price objective points to a potential upside of 8.60% from the stock’s current price.

Several other research firms have also commented on VIAV. Rosenblatt Securities increased their target price on shares of Viavi Solutions from $8.25 to $10.50 and gave the company a “neutral” rating in a research note on Friday, November 1st. StockNews.com upgraded Viavi Solutions from a “hold” rating to a “buy” rating in a research report on Friday, December 6th. UBS Group initiated coverage on shares of Viavi Solutions in a research note on Tuesday, November 19th. They set a “neutral” rating and a $10.60 price objective for the company. Northland Securities lifted their target price on shares of Viavi Solutions from $11.00 to $13.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Needham & Company LLC restated a “hold” rating on shares of Viavi Solutions in a report on Monday. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $10.66.

Viavi Solutions Trading Down 0.5 %

Viavi Solutions stock opened at $11.05 on Monday. The stock has a market capitalization of $2.45 billion, a PE ratio of -65.00 and a beta of 0.92. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.71 and a quick ratio of 3.31. Viavi Solutions has a 12-month low of $6.60 and a 12-month high of $11.49. The firm has a 50 day simple moving average of $9.84 and a 200-day simple moving average of $8.55.

Viavi Solutions (NASDAQ:VIAV) last announced its quarterly earnings data on Thursday, October 31st. The communications equipment provider reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. Viavi Solutions had a positive return on equity of 2.22% and a negative net margin of 3.78%. The business had revenue of $238.20 million during the quarter, compared to analyst estimates of $240.09 million. During the same quarter in the prior year, the firm posted $0.05 earnings per share. The company’s revenue was down 3.9% on a year-over-year basis. As a group, equities research analysts expect that Viavi Solutions will post 0.19 EPS for the current fiscal year.

Insider Buying and Selling at Viavi Solutions

In other news, SVP Luke M. Scrivanich sold 2,802 shares of Viavi Solutions stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $10.43, for a total value of $29,224.86. Following the transaction, the senior vice president now directly owns 54,517 shares in the company, valued at approximately $568,612.31. The trade was a 4.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Masood Jabbar sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $10.14, for a total value of $152,100.00. Following the completion of the sale, the director now directly owns 225,333 shares in the company, valued at $2,284,876.62. This trade represents a 6.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,831 shares of company stock worth $345,712 over the last ninety days. 1.52% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Viavi Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sanctuary Advisors LLC lifted its stake in Viavi Solutions by 44.1% during the third quarter. Sanctuary Advisors LLC now owns 15,938 shares of the communications equipment provider’s stock worth $144,000 after purchasing an additional 4,875 shares during the period. Geode Capital Management LLC boosted its stake in Viavi Solutions by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 5,307,974 shares of the communications equipment provider’s stock valued at $47,887,000 after buying an additional 54,633 shares in the last quarter. Barclays PLC grew its position in Viavi Solutions by 4.4% in the third quarter. Barclays PLC now owns 538,261 shares of the communications equipment provider’s stock valued at $4,856,000 after acquiring an additional 22,893 shares during the period. MML Investors Services LLC raised its stake in Viavi Solutions by 34.3% during the third quarter. MML Investors Services LLC now owns 37,480 shares of the communications equipment provider’s stock worth $338,000 after acquiring an additional 9,580 shares in the last quarter. Finally, Dean Investment Associates LLC boosted its stake in shares of Viavi Solutions by 189.6% in the 3rd quarter. Dean Investment Associates LLC now owns 280,239 shares of the communications equipment provider’s stock valued at $2,528,000 after purchasing an additional 183,481 shares in the last quarter. 95.54% of the stock is owned by institutional investors.

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.