Viavi Solutions Inc. (NASDAQ:VIAV) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Viavi Solutions Inc. (NASDAQ:VIAV) have earned a consensus recommendation of “Moderate Buy” from the nine research firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $42.8750.

Several brokerages have issued reports on VIAV. Rosenblatt Securities reaffirmed a “buy” rating and set a $70.00 target price on shares of Viavi Solutions in a research report on Wednesday, June 10th. Wall Street Zen upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Susquehanna raised their price target on shares of Viavi Solutions from $65.00 to $66.00 and gave the company a “positive” rating in a report on Wednesday, July 1st. UBS Group boosted their price objective on shares of Viavi Solutions from $25.00 to $60.00 and gave the stock a “neutral” rating in a research note on Thursday, April 30th. Finally, B. Riley Financial increased their target price on shares of Viavi Solutions from $26.00 to $53.00 and gave the company a “buy” rating in a research report on Friday, April 24th.

Viavi Solutions Trading Up 6.8%

Shares of Viavi Solutions stock opened at $40.32 on Wednesday. Viavi Solutions has a 12-month low of $9.85 and a 12-month high of $60.43. The company has a market cap of $9.43 billion, a price-to-earnings ratio of -167.99 and a beta of 1.21. The company has a current ratio of 1.61, a quick ratio of 1.39 and a debt-to-equity ratio of 0.99. The company’s 50-day moving average price is $44.82 and its 200-day moving average price is $38.66.

Insider Activity at Viavi Solutions

In related news, CEO Oleg Khaykin sold 136,547 shares of the company’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $51.82, for a total transaction of $7,075,865.54. Following the transaction, the chief executive officer directly owned 1,188,798 shares of the company’s stock, valued at $61,603,512.36. This represents a 10.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Viavi Solutions

A number of large investors have recently modified their holdings of VIAV. Jefferies Financial Group Inc. acquired a new position in Viavi Solutions during the 4th quarter valued at approximately $1,803,000. Phocas Financial Corp. acquired a new stake in shares of Viavi Solutions during the fourth quarter worth $3,772,000. Jackson Creek Investment Advisors LLC purchased a new stake in shares of Viavi Solutions during the fourth quarter valued at $1,887,000. Tensor Edge Capital LLC purchased a new stake in shares of Viavi Solutions during the fourth quarter valued at $2,673,000. Finally, JPMorgan Chase & Co. increased its position in shares of Viavi Solutions by 22.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 400,886 shares of the communications equipment provider’s stock valued at $5,087,000 after acquiring an additional 72,930 shares during the period. Hedge funds and other institutional investors own 95.54% of the company’s stock.

About Viavi Solutions

Viavi Solutions Inc is a provider of network test, monitoring and assurance solutions for communications service providers, cable operators, enterprises and government agencies. The company offers an extensive portfolio of fiber optic and copper cable test and measurement instruments, wireless network testing equipment and network performance monitoring software. Its products are designed to support the deployment, maintenance and optimization of high-speed broadband, 5G wireless, data center and enterprise networks.

Viavi’s product offerings are organized into two primary segments: Network & Service Enablement and Optical Security & Performance.