Viavi Solutions (NASDAQ:VIAV) Lowered to Buy Rating by StockNews.com

Viavi Solutions (NASDAQ:VIAV) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Tuesday.

Several other research analysts have also weighed in on the company. Northland Securities reaffirmed an “outperform” rating and set a $14.00 price target (up previously from $13.00) on shares of Viavi Solutions in a research report on Friday, January 31st. B. Riley boosted their target price on shares of Viavi Solutions from $10.00 to $12.00 and gave the stock a “neutral” rating in a report on Friday, January 31st. Needham & Company LLC upgraded shares of Viavi Solutions from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Friday, January 31st. UBS Group boosted their price objective on shares of Viavi Solutions from $10.60 to $11.50 and gave the stock a “neutral” rating in a research note on Friday, January 31st. Finally, 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 report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Viavi Solutions has a consensus rating of “Hold” and an average target price of $12.33.

Viavi Solutions Price Performance

NASDAQ:VIAV opened at $11.30 on Tuesday. Viavi Solutions has a 52-week low of $6.60 and a 52-week high of $12.91. The company has a market cap of $2.51 billion, a P/E ratio of -62.77 and a beta of 0.92. The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.18 and a current ratio of 3.55. The stock’s 50-day simple moving average is $10.91 and its 200 day simple moving average is $9.82.

Insider Buying and Selling

In other Viavi Solutions news, Director Masood Jabbar sold 30,000 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $10.01, for a total transaction of $300,300.00. Following the transaction, the director now owns 180,333 shares in the company, valued at $1,805,133.33. This trade represents a 14.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Luke M. Scrivanich sold 2,802 shares of the business’s stock in a transaction dated 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 sale, the senior vice president now directly owns 54,517 shares of the company’s stock, valued at approximately $568,612.31. The trade was a 4.89 % decrease in their position. The disclosure for this sale can be found here. 1.52% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Viavi Solutions

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

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.