Viavi Solutions (NASDAQ:VIAV) Stock Price Expected to Rise, UBS Group Analyst Says

Viavi Solutions (NASDAQ:VIAV) had its price objective upped by equities researchers at UBS Group from $10.60 to $11.50 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the communications equipment provider’s stock. UBS Group’s target price would indicate a potential downside of 5.38% from the stock’s current price.

VIAV has been the subject of a number of other research reports. Needham & Company LLC upgraded 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. B. Riley lifted their price objective on Viavi Solutions from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Friday. 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. Stifel Nicolaus reiterated 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. Finally, Morgan Stanley lifted their price objective on Viavi Solutions from $9.50 to $10.00 and gave the stock an “underweight” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $11.88.

Viavi Solutions Price Performance

Shares of NASDAQ:VIAV traded up $2.16 during midday trading on Friday, hitting $12.15. 13,530,892 shares of the stock were exchanged, compared to its average volume of 2,078,865. The stock has a market cap of $2.70 billion, a P/E ratio of -71.38 and a beta of 0.91. The company has a current ratio of 3.71, a quick ratio of 3.31 and a debt-to-equity ratio of 0.91. Viavi Solutions has a twelve month low of $6.60 and a twelve month high of $12.91. The company has a 50 day moving average price of $10.26 and a 200-day moving average price of $9.22.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings results on Thursday, October 31st. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. The business had revenue of $238.20 million during the quarter, compared to the consensus estimate of $240.09 million. Viavi Solutions had a positive return on equity of 2.22% and a negative net margin of 3.78%. The business’s revenue was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.05 EPS. On average, research analysts forecast that Viavi Solutions will post 0.18 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Masood Jabbar sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $10.01, for a total transaction of $300,300.00. Following the sale, the director now directly owns 180,333 shares of the company’s stock, valued at approximately $1,805,133.33. This represents a 14.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Luke M. Scrivanich sold 2,802 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $10.43, for a total value of $29,224.86. Following the sale, the senior vice president now directly owns 54,517 shares in the company, valued at approximately $568,612.31. This represents a 4.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 47,802 shares of company stock valued at $481,625. Corporate insiders own 1.52% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP bought a new position in shares of Viavi Solutions in the third quarter worth $25,000. Quarry LP grew its stake in shares of Viavi Solutions by 419.7% in the second quarter. Quarry LP now owns 7,229 shares of the communications equipment provider’s stock worth $50,000 after purchasing an additional 5,838 shares in the last quarter. Venturi Wealth Management LLC bought a new position in shares of Viavi Solutions in the fourth quarter worth $75,000. Sanctuary Advisors LLC bought a new position in shares of Viavi Solutions in the second quarter worth $76,000. Finally, KBC Group NV grew its stake in shares of Viavi Solutions by 53.0% in the third quarter. KBC Group NV now owns 9,388 shares of the communications equipment provider’s stock worth $85,000 after purchasing an additional 3,252 shares in the last quarter. 95.54% of the stock is currently owned by institutional investors.

Viavi Solutions Company Profile

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.