Viavi Solutions (NASDAQ:VIAV) Upgraded at StockNews.com

StockNews.com upgraded shares of Viavi Solutions (NASDAQ:VIAV) from a buy rating to a strong-buy rating in a research report sent to investors on Tuesday.

A number of other equities analysts have also recently commented on VIAV. B. Riley lowered their target price on Viavi Solutions from $12.00 to $11.00 and set a “neutral” rating for the company in a report on Friday, May 2nd. Argus raised their target price on Viavi Solutions from $13.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, February 5th. Northland Securities restated an “outperform” rating and set a $14.00 target price (up from $13.00) on shares of Viavi Solutions in a report on Friday, January 31st. Stifel Nicolaus reiterated a “buy” rating and issued a $13.00 price objective (up previously from $12.00) on shares of Viavi Solutions in a research note on Friday, January 31st. Finally, UBS Group decreased their price objective on Viavi Solutions from $11.50 to $11.00 and set a “neutral” rating for the company in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $12.69.

Viavi Solutions Stock Performance

Shares of Viavi Solutions stock opened at $9.49 on Tuesday. The business has a 50-day moving average of $10.37 and a 200 day moving average of $10.53. Viavi Solutions has a 12 month low of $6.60 and a 12 month high of $12.91. The stock has a market capitalization of $2.12 billion, a price-to-earnings ratio of -52.72 and a beta of 0.92. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.55 and a quick ratio of 3.18.

Insider Activity

In other news, SVP James L. Veler, Jr. sold 13,807 shares of the firm’s stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $10.86, for a total transaction of $149,944.02. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard Belluzzo sold 8,385 shares of the firm’s stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $8.92, for a total value of $74,794.20. Following the sale, the director now directly owns 259,081 shares in the company, valued at $2,311,002.52. This trade represents a 3.13% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,549 shares of company stock worth $485,916. 1.52% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in VIAV. Barclays PLC increased its position in Viavi Solutions by 4.4% during the third quarter. Barclays PLC now owns 538,261 shares of the communications equipment provider’s stock worth $4,856,000 after buying an additional 22,893 shares during the period. JPMorgan Chase & Co. increased its position in Viavi Solutions by 39.3% during the third quarter. JPMorgan Chase & Co. now owns 545,446 shares of the communications equipment provider’s stock worth $4,920,000 after buying an additional 153,745 shares during the period. Harbor Capital Advisors Inc. increased its position in Viavi Solutions by 5.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 43,732 shares of the communications equipment provider’s stock worth $442,000 after buying an additional 2,277 shares during the period. Moody National Bank Trust Division acquired a new position in Viavi Solutions during the fourth quarter worth approximately $651,000. Finally, Park Avenue Securities LLC increased its position in Viavi Solutions by 15.4% during the fourth quarter. Park Avenue Securities LLC now owns 13,442 shares of the communications equipment provider’s stock worth $136,000 after buying an additional 1,792 shares during the period. Institutional investors and hedge funds own 95.54% of the company’s stock.

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.