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

Viavi Solutions Inc. (NASDAQ:VIAV) has been assigned an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $10.71.

VIAV has been the subject of a number of research analyst reports. Argus upgraded shares of Viavi Solutions to a “strong-buy” rating in a research note on Thursday, May 9th. Stifel Nicolaus reduced their price objective on Viavi Solutions from $13.00 to $10.50 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. Needham & Company LLC restated a “hold” rating on shares of Viavi Solutions in a research note on Friday, August 9th. Rosenblatt Securities cut Viavi Solutions from a “buy” rating to a “neutral” rating and cut their price target for the company from $10.00 to $8.25 in a report on Wednesday, June 26th. Finally, StockNews.com lowered shares of Viavi Solutions from a “buy” rating to a “hold” rating in a report on Monday, August 12th.

Insider Transactions at Viavi Solutions

In related news, SVP Kevin Christopher Siebert sold 8,432 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $8.63, for a total value of $72,768.16. Following the transaction, the senior vice president now directly owns 56,617 shares in the company, valued at $488,604.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Paul Mcnab sold 7,324 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $7.52, for a total transaction of $55,076.48. Following the completion of the transaction, the executive vice president now directly owns 35,631 shares in the company, valued at approximately $267,945.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Kevin Christopher Siebert sold 8,432 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $8.63, for a total value of $72,768.16. Following the completion of the sale, the senior vice president now directly owns 56,617 shares of the company’s stock, valued at $488,604.71. The disclosure for this sale can be found here. Insiders sold a total of 47,027 shares of company stock worth $383,151 in the last quarter. 1.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of VIAV. Vanguard Group Inc. raised its holdings in Viavi Solutions by 1.4% in the first quarter. Vanguard Group Inc. now owns 29,148,414 shares of the communications equipment provider’s stock worth $264,959,000 after purchasing an additional 408,484 shares during the period. Wellington Management Group LLP grew its stake in Viavi Solutions by 4.0% in the fourth quarter. Wellington Management Group LLP now owns 16,563,670 shares of the communications equipment provider’s stock valued at $166,796,000 after acquiring an additional 638,309 shares during the period. Capital World Investors increased its holdings in shares of Viavi Solutions by 305.4% in the first quarter. Capital World Investors now owns 12,161,535 shares of the communications equipment provider’s stock worth $110,548,000 after acquiring an additional 9,161,535 shares in the last quarter. Westwood Holdings Group Inc. raised its position in shares of Viavi Solutions by 9.2% during the second quarter. Westwood Holdings Group Inc. now owns 7,203,703 shares of the communications equipment provider’s stock worth $49,489,000 after purchasing an additional 606,522 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Viavi Solutions by 12.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,818,337 shares of the communications equipment provider’s stock valued at $39,972,000 after purchasing an additional 661,450 shares in the last quarter. Institutional investors and hedge funds own 95.54% of the company’s stock.

Viavi Solutions Stock Performance

Shares of NASDAQ:VIAV opened at $8.07 on Wednesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 3.55 and a quick ratio of 3.16. The business’s fifty day moving average price is $7.68 and its two-hundred day moving average price is $8.20. Viavi Solutions has a fifty-two week low of $6.60 and a fifty-two week high of $11.32. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of -403.50 and a beta of 0.91.

Viavi Solutions (NASDAQ:VIAV) last posted its earnings results on Thursday, August 8th. The communications equipment provider reported $0.02 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.01. The business had revenue of $252.00 million for the quarter, compared to analyst estimates of $251.83 million. Viavi Solutions had a negative net margin of 2.58% and a positive return on equity of 3.81%. As a group, analysts predict that Viavi Solutions will post 0.17 EPS for the current fiscal year.

About Viavi Solutions

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.