Viavi Solutions (NASDAQ:VIAV) Stock Rating Lowered by StockNews.com

Viavi Solutions (NASDAQ:VIAV) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

Several other equities research analysts have also weighed in on VIAV. Morgan Stanley increased their target price on shares of Viavi Solutions from $9.50 to $10.00 and gave the stock an “underweight” rating in a report on Friday, January 31st. Argus increased their price objective on shares of Viavi Solutions from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, February 5th. Rosenblatt Securities raised shares of Viavi Solutions from a “neutral” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Friday, March 7th. Needham & Company LLC raised shares of Viavi Solutions from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Friday, January 31st. Finally, Stifel Nicolaus reissued a “buy” rating and set a $13.00 price objective (up previously from $12.00) on shares of Viavi Solutions in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Viavi Solutions has an average rating of “Moderate Buy” and a consensus target price of $12.72.

Viavi Solutions Trading Down 0.2 %

VIAV traded down $0.02 during mid-day trading on Tuesday, hitting $11.13. The stock had a trading volume of 1,763,882 shares, compared to its average volume of 1,681,712. The stock’s fifty day simple moving average is $11.12 and its 200-day simple moving average is $10.11. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.55 and a quick ratio of 3.18. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of -61.83 and a beta of 0.94. Viavi Solutions has a 1-year low of $6.60 and a 1-year high of $12.91.

Insider Activity at Viavi Solutions

In related news, SVP Luke M. Scrivanich sold 14,323 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $11.24, for a total value of $160,990.52. Following the completion of the transaction, the senior vice president now owns 55,877 shares of the company’s stock, valued at approximately $628,057.48. This trade represents a 20.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP James L. Veler, Jr. sold 13,807 shares of the stock in a transaction on Friday, March 7th. The shares were sold at an average price of $10.86, for a total transaction of $149,944.02. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 67,164 shares of company stock valued at $711,422. Corporate insiders own 1.52% of the company’s stock.

Institutional Trading of Viavi Solutions

Large investors have recently added to or reduced their stakes in the company. Picton Mahoney Asset Management lifted its stake in Viavi Solutions by 35.0% in the fourth quarter. Picton Mahoney Asset Management now owns 3,212 shares of the communications equipment provider’s stock valued at $32,000 after acquiring an additional 833 shares during the last quarter. Sterling Capital Management LLC lifted its stake in Viavi Solutions by 804.6% in the fourth quarter. Sterling Capital Management LLC now owns 6,938 shares of the communications equipment provider’s stock valued at $70,000 after acquiring an additional 6,171 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in Viavi Solutions in the fourth quarter valued at $75,000. Smartleaf Asset Management LLC lifted its stake in Viavi Solutions by 836.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 8,323 shares of the communications equipment provider’s stock valued at $84,000 after acquiring an additional 7,434 shares during the last quarter. Finally, KBC Group NV lifted its stake in Viavi Solutions by 53.0% in the third quarter. KBC Group NV now owns 9,388 shares of the communications equipment provider’s stock valued at $85,000 after acquiring an additional 3,252 shares during the last quarter. Institutional investors and hedge funds own 95.54% of the company’s stock.

About Viavi Solutions

Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.