Analysts’ Weekly Ratings Updates for Viavi Solutions (VIAV)

A number of firms have modified their ratings and price targets on shares of Viavi Solutions (NASDAQ: VIAV) recently:

  • 9/7/2019 – Viavi Solutions had its “sell” rating reaffirmed by analysts at Zacks Investment Research. According to Zacks, “Viavi Solutions Inc. provides software and hardware platforms and instruments for telecommunications service providers, wireless operators, cable operators, network-equipment manufacturers and enterprises. The Company offers installation, commissioning, scripting, custom analytics, integration, business intelligence consulting, operational assistance, field and lab testing, technical training, maintenance, and support services. Its operating segment consists of Network and Service Enablement, Communications and Commercial Optical Products and Optical Security and Performance Products. Viavi Solutions Inc., formerly known as JDS Uniphase Corporation, is based in Milpitas, Calif. “
  • 9/3/2019 – Viavi Solutions was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating.
  • 8/29/2019 – Viavi Solutions was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Viavi Solutions Inc. provides software and hardware platforms and instruments for telecommunications service providers, wireless operators, cable operators, network-equipment manufacturers and enterprises. The Company offers installation, commissioning, scripting, custom analytics, integration, business intelligence consulting, operational assistance, field and lab testing, technical training, maintenance, and support services. Its operating segment consists of Network and Service Enablement, Communications and Commercial Optical Products and Optical Security and Performance Products. Viavi Solutions Inc., formerly known as JDS Uniphase Corporation, is based in Milpitas, Calif. “
  • 8/24/2019 – Viavi Solutions was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 8/16/2019 – Viavi Solutions was given a new $16.00 price target on by analysts at Northland Securities. They now have a “buy” rating on the stock.
  • 8/16/2019 – Viavi Solutions had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $16.00 price target on the stock.
  • 8/16/2019 – Viavi Solutions was given a new $15.00 price target on by analysts at Needham & Company LLC. They now have a “buy” rating on the stock.
  • 8/16/2019 – Viavi Solutions was given a new $15.00 price target on by analysts at Stifel Nicolaus. They now have a “buy” rating on the stock.
  • 8/16/2019 – Viavi Solutions had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $15.00 price target on the stock. They wrote, “We expect the 5G testing business to maintain its growth engines as more countries deploy 5G networks in 2020. We believe Viavi will continue to benefit from the 5G equipment installation stage as the company can sell system testing products and field testing services.””
  • 8/15/2019 – Viavi Solutions was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 8/15/2019 – Viavi Solutions was upgraded by analysts at TheStreet from a “c+” rating to a “b” rating.
  • 8/1/2019 – Viavi Solutions was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.

VIAV traded up $0.74 during midday trading on Wednesday, reaching $14.85. 6,240,429 shares of the company’s stock were exchanged, compared to its average volume of 2,210,575. The company has a debt-to-equity ratio of 0.80, a current ratio of 3.23 and a quick ratio of 2.87. The stock has a market capitalization of $3.19 billion, a PE ratio of 28.56 and a beta of 1.02. The business’s 50-day moving average price is $14.07 and its 200 day moving average price is $13.30. Viavi Solutions Inc has a 1-year low of $9.17 and a 1-year high of $15.00.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings data on Thursday, August 15th. The communications equipment provider reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.01. Viavi Solutions had a net margin of 0.48% and a return on equity of 16.75%. The business had revenue of $289.70 million during the quarter, compared to analysts’ expectations of $279.18 million. During the same period last year, the company posted $0.14 EPS. The company’s revenue was up 9.7% on a year-over-year basis. As a group, analysts expect that Viavi Solutions Inc will post 0.55 EPS for the current fiscal year.

In other news, SVP Luke M. Scrivanich sold 7,398 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $13.91, for a total transaction of $102,906.18. Following the sale, the senior vice president now owns 46,295 shares in the company, valued at $643,963.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Ralph Rondinone sold 3,200 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $14.19, for a total value of $45,408.00. Following the sale, the senior vice president now owns 27,398 shares in the company, valued at approximately $388,777.62. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,067 shares of company stock worth $403,984. 0.50% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of VIAV. Advisory Services Network LLC increased its stake in Viavi Solutions by 88.5% during the second quarter. Advisory Services Network LLC now owns 2,354 shares of the communications equipment provider’s stock worth $31,000 after acquiring an additional 1,105 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Viavi Solutions in the 2nd quarter valued at about $94,000. Meeder Asset Management Inc. grew its holdings in shares of Viavi Solutions by 108.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 7,321 shares of the communications equipment provider’s stock worth $98,000 after purchasing an additional 3,801 shares during the period. Penserra Capital Management LLC purchased a new stake in shares of Viavi Solutions during the 1st quarter worth about $110,000. Finally, NumerixS Investment Technologies Inc increased its position in Viavi Solutions by 144.7% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 9,300 shares of the communications equipment provider’s stock worth $124,000 after purchasing an additional 5,500 shares in the last quarter. 94.70% of the stock is owned by institutional investors.

Viavi Solutions Inc provides network test, monitoring, and assurance solutions to communications service providers, enterprises, network equipment manufacturers, civil government, military, and avionics customers worldwide. The company operates through Network Enablement, Service Enablement, and Optical Security and Performance Products segments.

See Also: Hedge Funds

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