Viavi Solutions (NASDAQ:VIAV) Downgraded by Susquehanna

Susquehanna lowered shares of Viavi Solutions (NASDAQ:VIAV) from a positive rating to a neutral rating in a research note issued to investors on Friday, Marketbeat reports. The firm currently has $9.00 price target on the communications equipment provider’s stock.

Several other equities analysts also recently weighed in on the company. Stifel Nicolaus restated a buy rating and set a $13.00 price target on shares of Viavi Solutions in a report on Monday, April 1st. Needham & Company LLC reissued a hold rating on shares of Viavi Solutions in a research report on Friday. StockNews.com raised Viavi Solutions from a hold rating to a buy rating in a research report on Friday, April 12th. Morgan Stanley lifted their target price on Viavi Solutions from $9.00 to $11.00 and gave the stock an equal weight rating in a report on Wednesday, March 6th. Finally, Rosenblatt Securities lowered their price target on Viavi Solutions from $13.00 to $10.00 and set a buy rating on the stock in a report on Friday. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $12.00.

Viavi Solutions Stock Down 5.7 %

Shares of NASDAQ VIAV opened at $7.56 on Friday. Viavi Solutions has a 12 month low of $7.10 and a 12 month high of $11.65. The company has a current ratio of 3.09, a quick ratio of 2.72 and a debt-to-equity ratio of 0.87. The firm has a fifty day simple moving average of $9.11 and a two-hundred day simple moving average of $9.05. The firm has a market capitalization of $1.68 billion, a PE ratio of -378.00 and a beta of 0.97.

Viavi Solutions (NASDAQ:VIAV) last posted its earnings results on Thursday, May 2nd. The communications equipment provider reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The firm had revenue of $246.00 million for the quarter, compared to analysts’ expectations of $249.08 million. Viavi Solutions had a positive return on equity of 4.66% and a negative net margin of 0.42%. The firm’s revenue was down .7% on a year-over-year basis. During the same quarter last year, the company posted $0.02 EPS. Equities analysts expect that Viavi Solutions will post 0.22 earnings per share for the current year.

Insider Transactions at Viavi Solutions

In related 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 completion of the sale, the senior vice president now directly owns 47,097 shares of the company’s stock, valued at approximately $503,937.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Kevin Christopher Siebert sold 13,967 shares of Viavi Solutions stock in a transaction on Monday, March 11th. The shares were sold at an average price of $10.70, for a total transaction of $149,446.90. Following the transaction, the senior vice president now owns 47,097 shares in the company, valued at approximately $503,937.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Paul Mcnab sold 15,004 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were 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 in the company, valued at $615,322.80. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Viavi Solutions

Institutional investors have recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. raised its position in Viavi Solutions by 13.4% in the 3rd quarter. Coldstream Capital Management Inc. now owns 11,922 shares of the communications equipment provider’s stock worth $109,000 after purchasing an additional 1,411 shares during the period. Sequoia Financial Advisors LLC increased its stake in Viavi Solutions by 11.3% in the first quarter. Sequoia Financial Advisors LLC now owns 17,326 shares of the communications equipment provider’s stock worth $157,000 after purchasing an additional 1,756 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Viavi Solutions by 3.7% during the third quarter. PNC Financial Services Group Inc. now owns 56,643 shares of the communications equipment provider’s stock worth $518,000 after purchasing an additional 2,047 shares during the last quarter. Handelsbanken Fonder AB grew its holdings in shares of Viavi Solutions by 7.4% in the fourth quarter. Handelsbanken Fonder AB now owns 33,210 shares of the communications equipment provider’s stock worth $334,000 after purchasing an additional 2,300 shares during the last quarter. Finally, First National Bank of Omaha grew its stake in Viavi Solutions by 5.4% in the 4th quarter. First National Bank of Omaha now owns 51,146 shares of the communications equipment provider’s stock worth $515,000 after acquiring an additional 2,633 shares in the last quarter. Hedge funds and other institutional investors own 95.54% of the company’s stock.

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.