Viavi Solutions (NASDAQ:VIAV) Upgraded by StockNews.com to “Strong-Buy” Rating

StockNews.com upgraded shares of Viavi Solutions (NASDAQ:VIAV) from a buy rating to a strong-buy rating in a research note issued to investors on Monday morning.

Several other research analysts have also weighed in on the company. Rosenblatt Securities lifted their price objective on Viavi Solutions from $8.25 to $10.50 and gave the stock a “neutral” rating in a research report on Friday, November 1st. UBS Group boosted their target price on Viavi Solutions from $10.60 to $11.50 and gave the company a “neutral” rating in a research report on Friday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $13.00 target price (up from $12.00) on shares of Viavi Solutions in a research report on Friday. Northland Securities reaffirmed an “outperform” rating and issued a $14.00 target price (up from $13.00) on shares of Viavi Solutions in a research report on Friday. Finally, Needham & Company LLC raised Viavi Solutions from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Friday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $11.88.

Viavi Solutions Stock Performance

VIAV stock opened at $12.33 on Monday. The stock has a 50-day moving average price of $10.34 and a 200-day moving average price of $9.30. Viavi Solutions has a 1-year low of $6.60 and a 1-year high of $12.91. The company has a current ratio of 3.55, a quick ratio of 3.18 and a debt-to-equity ratio of 0.94. The firm has a market cap of $2.73 billion, a PE ratio of -68.50 and a beta of 0.92.

Insider Buying and Selling at Viavi Solutions

In other Viavi Solutions news, Director Masood Jabbar sold 15,000 shares of the stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $10.14, for a total transaction of $152,100.00. Following the completion of the transaction, the director now directly owns 225,333 shares of the company’s stock, valued at approximately $2,284,876.62. This represents a 6.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Luke M. Scrivanich sold 2,802 shares of the firm’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $10.43, for a total value of $29,224.86. Following the completion of the transaction, the senior vice president now directly owns 54,517 shares of the company’s stock, valued at $568,612.31. The trade was a 4.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,802 shares of company stock valued at $481,625. Company insiders own 1.52% of the company’s stock.

Institutional Investors Weigh In On Viavi Solutions

A number of large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in shares of Viavi Solutions by 1.0% in the third quarter. Geode Capital Management LLC now owns 5,307,974 shares of the communications equipment provider’s stock worth $47,887,000 after buying an additional 54,633 shares during the period. Leeward Investments LLC MA increased its holdings in shares of Viavi Solutions by 17.1% in the third quarter. Leeward Investments LLC MA now owns 1,705,653 shares of the communications equipment provider’s stock worth $15,385,000 after buying an additional 249,554 shares during the period. Sanctuary Advisors LLC grew its stake in shares of Viavi Solutions by 44.1% in 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 last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Viavi Solutions by 7.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,194,959 shares of the communications equipment provider’s stock worth $28,819,000 after purchasing an additional 217,399 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in shares of Viavi Solutions by 5.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 43,732 shares of the communications equipment provider’s stock worth $442,000 after purchasing an additional 2,277 shares during the last quarter. Hedge funds and other institutional investors 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.