Viavi Solutions (VIAV) Raised to “Strong-Buy” at BidaskClub

Viavi Solutions (NASDAQ:VIAV) was upgraded by investment analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report issued on Friday.

VIAV has been the subject of several other research reports. Deutsche Bank raised shares of Viavi Solutions from a “hold” rating to a “buy” rating in a research report on Monday, October 1st. Stifel Nicolaus initiated coverage on shares of Viavi Solutions in a research report on Monday, October 22nd. They issued a “buy” rating and a $14.00 price target for the company. ValuEngine raised shares of Viavi Solutions from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. William Blair reaffirmed a “buy” rating on shares of Viavi Solutions in a report on Wednesday, August 15th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Viavi Solutions from $11.00 to $12.00 and gave the stock a “sell” rating in a report on Friday, November 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $11.99.

NASDAQ VIAV opened at $10.66 on Friday. Viavi Solutions has a 12-month low of $8.49 and a 12-month high of $12.82. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.39 and a quick ratio of 2.18. The firm has a market capitalization of $2.33 billion, a P/E ratio of 31.35 and a beta of 0.88.



Viavi Solutions (NASDAQ:VIAV) last posted its quarterly earnings results on Thursday, November 1st. The communications equipment provider reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. Viavi Solutions had a negative net margin of 5.92% and a positive return on equity of 12.72%. The business had revenue of $268.50 million during the quarter, compared to the consensus estimate of $268.73 million. During the same quarter last year, the firm posted $0.11 EPS. Viavi Solutions’s revenue was up 40.6% compared to the same quarter last year. On average, sell-side analysts expect that Viavi Solutions will post 0.49 earnings per share for the current year.

In other Viavi Solutions news, Director Keith Barnes sold 11,074 shares of Viavi Solutions stock in a transaction on Monday, November 19th. The shares were sold at an average price of $9.73, for a total transaction of $107,750.02. Following the transaction, the director now directly owns 98,471 shares of the company’s stock, valued at approximately $958,122.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Gary W. Staley sold 5,185 shares of Viavi Solutions stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $11.22, for a total transaction of $58,175.70. Following the transaction, the senior vice president now directly owns 7,670 shares in the company, valued at $86,057.40. The disclosure for this sale can be found here. Insiders have sold a total of 124,253 shares of company stock worth $1,472,556 over the last ninety days. Insiders own 0.50% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Clearbridge Investments LLC boosted its holdings in Viavi Solutions by 1.3% during the 3rd quarter. Clearbridge Investments LLC now owns 2,822,461 shares of the communications equipment provider’s stock worth $32,007,000 after acquiring an additional 37,478 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Viavi Solutions by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 23,357,949 shares of the communications equipment provider’s stock worth $264,879,000 after purchasing an additional 418,120 shares during the period. Legal & General Group Plc raised its stake in shares of Viavi Solutions by 7.7% during the 3rd quarter. Legal & General Group Plc now owns 527,888 shares of the communications equipment provider’s stock worth $5,974,000 after purchasing an additional 37,648 shares during the period. Macquarie Group Ltd. raised its stake in shares of Viavi Solutions by 1.3% during the 3rd quarter. Macquarie Group Ltd. now owns 2,823,157 shares of the communications equipment provider’s stock worth $32,015,000 after purchasing an additional 36,594 shares during the period. Finally, MetLife Investment Advisors LLC raised its stake in shares of Viavi Solutions by 51.3% during the 3rd quarter. MetLife Investment Advisors LLC now owns 157,500 shares of the communications equipment provider’s stock worth $1,786,000 after purchasing an additional 53,410 shares during the period. 89.79% of the stock is currently owned by hedge funds and other institutional investors.

About Viavi Solutions

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.

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Analyst Recommendations for Viavi Solutions (NASDAQ:VIAV)

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