Analysts Set Viavi Solutions Inc. (NASDAQ:VIAV) PT at $13.60

Shares of Viavi Solutions Inc. (NASDAQ:VIAV) have been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $13.60.

VIAV has been the topic of a number of research analyst reports. Rosenblatt Securities cut their target price on Viavi Solutions from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, April 3rd. StockNews.com raised Viavi Solutions from a “hold” rating to a “buy” rating in a research note on Friday, April 12th. Needham & Company LLC restated a “hold” rating on shares of Viavi Solutions in a report on Monday, April 1st. Morgan Stanley boosted their price target on shares of Viavi Solutions from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 6th. Finally, Susquehanna raised their price objective on shares of Viavi Solutions from $12.00 to $14.00 and gave the company a “positive” rating in a research note on Thursday, March 7th.

Viavi Solutions Stock Up 0.5 %

Shares of NASDAQ:VIAV opened at $8.01 on Thursday. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 400.50 and a beta of 0.95. Viavi Solutions has a 12-month low of $7.26 and a 12-month high of $11.65. The business has a 50-day moving average price of $9.28 and a 200 day moving average price of $9.04. The company has a current ratio of 3.09, a quick ratio of 2.72 and a debt-to-equity ratio of 0.87.

Viavi Solutions (NASDAQ:VIAV) last announced its earnings results on Thursday, February 1st. The communications equipment provider reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. The company had revenue of $254.50 million during the quarter, compared to analyst estimates of $249.77 million. Viavi Solutions had a net margin of 0.49% and a return on equity of 5.38%. Sell-side analysts expect that Viavi Solutions will post 0.22 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Kevin Christopher Siebert sold 13,967 shares of Viavi Solutions stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $10.70, for a total value of $149,446.90. Following the completion of the transaction, the senior vice president now owns 47,097 shares in the company, valued at approximately $503,937.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Viavi Solutions news, SVP Kevin Christopher Siebert sold 13,967 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $10.70, for a total value of $149,446.90. Following the sale, the senior vice president now directly owns 47,097 shares of the company’s stock, valued at approximately $503,937.90. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Paul Mcnab sold 15,004 shares of Viavi Solutions stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $10.62, for a total value of $159,342.48. Following the sale, the executive vice president now directly owns 57,940 shares of the company’s stock, valued at $615,322.80. The disclosure for this sale can be found here. Insiders have sold a total of 30,093 shares of company stock worth $319,841 in the last quarter. 1.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Viavi Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Viavi Solutions by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 28,739,930 shares of the communications equipment provider’s stock valued at $289,411,000 after acquiring an additional 451,354 shares during the last quarter. Wellington Management Group LLP grew its stake in Viavi Solutions by 4.0% during the 4th quarter. Wellington Management Group LLP now owns 16,563,670 shares of the communications equipment provider’s stock worth $166,796,000 after buying an additional 638,309 shares during the last quarter. Westwood Holdings Group Inc. grew its stake in Viavi Solutions by 20.2% during the 4th quarter. Westwood Holdings Group Inc. now owns 6,573,335 shares of the communications equipment provider’s stock worth $66,193,000 after buying an additional 1,103,687 shares during the last quarter. Schroder Investment Management Group lifted its stake in Viavi Solutions by 15.6% in the fourth quarter. Schroder Investment Management Group now owns 5,321,940 shares of the communications equipment provider’s stock valued at $53,592,000 after buying an additional 718,004 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Viavi Solutions by 4.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,026,592 shares of the communications equipment provider’s stock valued at $50,618,000 after acquiring an additional 202,387 shares during the period. 95.54% of the stock is owned by institutional investors and hedge funds.

Viavi Solutions Company Profile

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.