Northland Securities restated their outperform rating on shares of Viavi Solutions (NASDAQ:VIAV – Free Report) in a research note published on Friday,Benzinga reports. They currently have a $14.00 target price on the communications equipment provider’s stock, up from their previous target price of $13.00.
Other equities analysts have also issued research reports about the stock. StockNews.com raised shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research report on Thursday, January 9th. Morgan Stanley reiterated an “underweight” rating and set a $9.50 price objective (up from $8.00) on shares of Viavi Solutions in a research note on Tuesday, December 17th. UBS Group started coverage on shares of Viavi Solutions in a research note on Tuesday, November 19th. They set a “neutral” rating and a $10.60 price objective for the company. Needham & Company LLC reiterated a “hold” rating on shares of Viavi Solutions in a research note on Monday, December 16th. Finally, Stifel Nicolaus boosted their price objective on shares of Viavi Solutions from $10.50 to $12.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Viavi Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.88.
Read Our Latest Stock Analysis on VIAV
Viavi Solutions Stock Performance
Viavi Solutions (NASDAQ:VIAV – Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The communications equipment provider reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. The business had revenue of $238.20 million during the quarter, compared to analyst estimates of $240.09 million. Viavi Solutions had a negative net margin of 3.78% and a positive return on equity of 2.22%. The company’s revenue was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.05 earnings per share. As a group, research analysts predict that Viavi Solutions will post 0.18 EPS for the current fiscal year.
Insider Activity at Viavi Solutions
In other news, Director Masood Jabbar sold 15,000 shares of Viavi Solutions stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $10.14, for a total value of $152,100.00. Following the transaction, the director now owns 225,333 shares of the company’s stock, valued at $2,284,876.62. This trade represents a 6.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Luke M. Scrivanich sold 2,802 shares of Viavi Solutions stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $10.43, for a total transaction of $29,224.86. Following the completion of the transaction, the senior vice president now directly owns 54,517 shares in the company, valued at approximately $568,612.31. This represents a 4.89 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,802 shares of company stock valued at $481,625. 1.52% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Viavi Solutions
A number of institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC boosted its stake in Viavi Solutions by 8.1% during the fourth quarter. Sanctuary Advisors LLC now owns 17,226 shares of the communications equipment provider’s stock worth $172,000 after buying an additional 1,288 shares in the last quarter. Park Avenue Securities LLC boosted its stake 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 in the last quarter. Harbor Capital Advisors Inc. boosted its stake 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 in the last quarter. nVerses Capital LLC boosted its stake in Viavi Solutions by 24.0% during the third quarter. nVerses Capital LLC now owns 11,900 shares of the communications equipment provider’s stock worth $107,000 after buying an additional 2,300 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new position in shares of Viavi Solutions during the third quarter valued at $25,000. 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.
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