Viavi Solutions (NASDAQ:VIAV) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Viavi Solutions (NASDAQ:VIAV) from a buy rating to a strong-buy rating in a research note released on Monday morning.

VIAV has been the topic of several other reports. Argus boosted their target price on Viavi Solutions from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, February 5th. Needham & Company LLC upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Friday, January 31st. Morgan Stanley upped their target price on shares of Viavi Solutions from $9.50 to $10.00 and gave the company an “underweight” rating in a research report on Friday, January 31st. Northland Securities restated an “outperform” rating and issued a $14.00 price objective (up previously from $13.00) on shares of Viavi Solutions in a research report on Friday, January 31st. Finally, B. Riley upped their price objective on shares of Viavi Solutions from $10.00 to $12.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Viavi Solutions has an average rating of “Moderate Buy” and a consensus price target of $12.72.

Viavi Solutions Stock Down 2.1 %

NASDAQ VIAV opened at $10.71 on Monday. The company has a current ratio of 3.55, a quick ratio of 3.18 and a debt-to-equity ratio of 0.94. The stock’s 50 day moving average is $11.02 and its two-hundred day moving average is $9.99. The company has a market capitalization of $2.38 billion, a price-to-earnings ratio of -59.50 and a beta of 0.94. Viavi Solutions has a 1-year low of $6.60 and a 1-year high of $12.91.

Insider Transactions at Viavi Solutions

In related news, SVP Luke M. Scrivanich sold 2,802 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $10.43, for a total value of $29,224.86. Following the completion of the sale, the senior vice president now directly owns 54,517 shares in the company, valued at approximately $568,612.31. This trade represents a 4.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP James L. Veler, Jr. sold 13,807 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $10.86, for a total transaction of $149,944.02. The disclosure for this sale can be found here. Insiders sold a total of 69,966 shares of company stock worth $740,646 in the last three months. Insiders own 1.52% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of VIAV. Capital Performance Advisors LLP bought a new position in Viavi Solutions in the 3rd quarter valued at about $25,000. Picton Mahoney Asset Management boosted its position in shares of Viavi Solutions by 35.0% during the 4th quarter. Picton Mahoney Asset Management now owns 3,212 shares of the communications equipment provider’s stock worth $32,000 after acquiring an additional 833 shares in the last quarter. Sterling Capital Management LLC boosted its position in shares of Viavi Solutions by 804.6% during the 4th quarter. Sterling Capital Management LLC now owns 6,938 shares of the communications equipment provider’s stock worth $70,000 after acquiring an additional 6,171 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Viavi Solutions during the 4th quarter worth approximately $75,000. Finally, Smartleaf Asset Management LLC boosted its position in Viavi Solutions by 836.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 8,323 shares of the communications equipment provider’s stock valued at $84,000 after buying an additional 7,434 shares in the last quarter. 95.54% of the stock is owned by institutional investors.

About Viavi Solutions

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.