Viavi Solutions (NASDAQ:VIAV) PT Set at $18.00 by Northland Securities

Viavi Solutions (NASDAQ:VIAV) has been given a $18.00 price target by equities research analysts at Northland Securities in a research note issued to investors on Friday, TipRanks reports. The firm presently has a “buy” rating on the communications equipment provider’s stock. Northland Securities’ price target would indicate a potential upside of 21.46% from the company’s previous close.

VIAV has been the subject of a number of other reports. TheStreet cut shares of Viavi Solutions from a “b” rating to a “c+” rating in a research report on Tuesday, September 3rd. BidaskClub cut shares of Viavi Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 24th. Needham & Company LLC increased their target price on shares of Viavi Solutions from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Friday. Stifel Nicolaus set a $15.00 target price on shares of Viavi Solutions and gave the company a “buy” rating in a research report on Friday, August 16th. Finally, Zacks Investment Research cut shares of Viavi Solutions from a “hold” rating to a “sell” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $14.88.

NASDAQ:VIAV traded up $0.43 during trading hours on Friday, reaching $14.82. 3,455,709 shares of the company were exchanged, compared to its average volume of 2,124,791. The company has a current ratio of 3.23, a quick ratio of 2.87 and a debt-to-equity ratio of 0.80. The stock’s 50-day moving average is $14.08 and its 200-day moving average is $13.32. The firm has a market cap of $3.29 billion, a PE ratio of 28.50 and a beta of 1.02. Viavi Solutions has a twelve month low of $9.17 and a twelve month high of $15.17.



Viavi Solutions (NASDAQ:VIAV) last posted 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. The company had revenue of $289.70 million during the quarter, compared to analysts’ expectations of $279.18 million. Viavi Solutions had a net margin of 0.48% and a return on equity of 16.75%. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 earnings per share. As a group, research analysts anticipate that Viavi Solutions will post 0.55 EPS for the current year.

In related news, SVP Ralph Rondinone sold 3,200 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $14.19, for a total transaction of $45,408.00. Following the completion of the sale, the senior vice president now directly owns 27,398 shares in the company, valued at $388,777.62. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Amar Maletira sold 14,844 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $13.79, for a total transaction of $204,698.76. Following the sale, the chief financial officer now owns 254,526 shares of the company’s stock, valued at $3,509,913.54. The disclosure for this sale can be found here. Insiders sold 29,067 shares of company stock valued at $403,984 over the last quarter. Company insiders own 0.50% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Viavi Solutions by 1.2% during the second quarter. Vanguard Group Inc. now owns 24,589,402 shares of the communications equipment provider’s stock worth $326,793,000 after purchasing an additional 288,080 shares during the last quarter. Renaissance Technologies LLC increased its position in Viavi Solutions by 38.3% during the second quarter. Renaissance Technologies LLC now owns 4,442,088 shares of the communications equipment provider’s stock worth $59,035,000 after purchasing an additional 1,230,200 shares during the last quarter. Victory Capital Management Inc. increased its position in Viavi Solutions by 1.9% during the second quarter. Victory Capital Management Inc. now owns 3,693,891 shares of the communications equipment provider’s stock worth $49,092,000 after purchasing an additional 69,329 shares during the last quarter. Clearbridge Investments LLC increased its position in Viavi Solutions by 18.3% during the first quarter. Clearbridge Investments LLC now owns 3,423,335 shares of the communications equipment provider’s stock worth $42,381,000 after purchasing an additional 530,681 shares during the last quarter. Finally, DNB Asset Management AS increased its position in Viavi Solutions by 25.6% during the second quarter. DNB Asset Management AS now owns 3,271,930 shares of the communications equipment provider’s stock worth $43,484,000 after purchasing an additional 666,571 shares during the last quarter. Hedge funds and other institutional investors own 94.70% of the company’s stock.

Viavi Solutions Company Profile

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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