Rosenblatt Securities Analysts Give Viavi Solutions (VIAV) a $13.00 Price Target

Rosenblatt Securities set a $13.00 price target on Viavi Solutions (NASDAQ:VIAV) in a research note released on Wednesday. The firm currently has a buy rating on the communications equipment provider’s stock.

VIAV has been the subject of several other reports. Zacks Investment Research downgraded Viavi Solutions from a hold rating to a sell rating in a report on Thursday, November 2nd. Stifel Nicolaus reissued a hold rating and set a $11.00 price objective on shares of Viavi Solutions in a research note on Wednesday, August 16th. MKM Partners boosted their price objective on shares of Viavi Solutions from $11.00 to $12.00 and gave the company a buy rating in a research note on Wednesday, August 16th. B. Riley reissued a buy rating and set a $12.50 price objective on shares of Viavi Solutions in a research note on Sunday, August 20th. Finally, Needham & Company LLC reissued a hold rating on shares of Viavi Solutions in a research note on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The stock has an average rating of Hold and an average price target of $12.50.

Shares of Viavi Solutions (NASDAQ:VIAV) remained flat at $$8.65 on Wednesday. 7,642,107 shares of the company’s stock were exchanged, compared to its average volume of 1,897,154. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.10 and a current ratio of 2.20. The company has a market capitalization of $1,967.20, a price-to-earnings ratio of 28.83, a P/E/G ratio of 1.42 and a beta of 1.19. Viavi Solutions has a twelve month low of $8.13 and a twelve month high of $11.89.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings results on Wednesday, November 1st. The communications equipment provider reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.06. The company had revenue of $195.20 million during the quarter, compared to the consensus estimate of $183.89 million. Viavi Solutions had a return on equity of 8.99% and a net margin of 10.57%. Viavi Solutions’s revenue was down 7.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.09 EPS. analysts expect that Viavi Solutions will post 0.31 EPS for the current year.

In related news, EVP Paul Mcnab sold 3,003 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $9.05, for a total transaction of $27,177.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kevin Christopher Siebert sold 10,689 shares of the company’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $9.40, for a total transaction of $100,476.60. Following the sale, the vice president now directly owns 14,968 shares of the company’s stock, valued at $140,699.20. The disclosure for this sale can be found here. Insiders have sold a total of 94,610 shares of company stock valued at $897,523 over the last three months. Corporate insiders own 0.59% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. GSA Capital Partners LLP boosted its position in Viavi Solutions by 54.5% during the 3rd quarter. GSA Capital Partners LLP now owns 77,068 shares of the communications equipment provider’s stock worth $729,000 after purchasing an additional 27,192 shares during the period. Neuberger Berman Group LLC boosted its position in Viavi Solutions by 6.7% during the 3rd quarter. Neuberger Berman Group LLC now owns 2,038,961 shares of the communications equipment provider’s stock worth $19,289,000 after purchasing an additional 127,313 shares during the period. Cubist Systematic Strategies LLC boosted its position in Viavi Solutions by 163.7% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 79,182 shares of the communications equipment provider’s stock worth $749,000 after purchasing an additional 49,158 shares during the period. Engineers Gate Manager LP purchased a new stake in Viavi Solutions during the 3rd quarter worth $656,000. Finally, Graticule Asia Macro Advisors LLC purchased a new position in Viavi Solutions in the 3rd quarter valued at about $4,660,000. 92.49% of the stock is owned by hedge funds and other institutional investors.

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About Viavi Solutions

Viavi Solutions Inc (Viavi) is a provider of network test, monitoring and assurance solutions to communications service providers, enterprises and their ecosystems. The Company also offers thin film optical coatings, providing light management solutions to anti-counterfeiting, consumer and industrial, government and healthcare and other markets.

Analyst Recommendations for Viavi Solutions (NASDAQ:VIAV)

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