Viavi Solutions (NASDAQ:VIAV) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a report released on Friday, ValuEngine reports.

A number of other equities analysts have also commented on the stock. JPMorgan Chase & Co. lowered shares of Ciena from a “neutral” rating to an “underweight” rating in a report on Monday, April 22nd. TheStreet lowered shares of Viavi Solutions from a “b-” rating to a “c+” rating in a report on Monday, June 3rd. BidaskClub upgraded shares of Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Thursday, July 4th. Morgan Stanley set a $226.00 price objective on shares of S&P Global and gave the stock a “hold” rating in a report on Friday, May 3rd. Finally, Zacks Investment Research upgraded shares of SCHNEIDER ELEC /ADR from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Friday, July 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $13.81.

Shares of VIAV stock opened at $14.58 on Friday. Viavi Solutions has a 12 month low of $9.17 and a 12 month high of $14.67. The company has a debt-to-equity ratio of 0.79, a current ratio of 3.19 and a quick ratio of 2.86. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of 42.88 and a beta of 0.98. The business has a fifty day moving average price of $13.17.

Viavi Solutions (NASDAQ:VIAV) last issued its quarterly earnings data on Thursday, May 2nd. The communications equipment provider reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. Viavi Solutions had a negative net margin of 3.25% and a positive return on equity of 15.88%. The firm had revenue of $265.20 million for the quarter, compared to analyst estimates of $259.86 million. During the same quarter in the previous year, the business posted $0.13 EPS. The firm’s revenue was up 20.9% compared to the same quarter last year. Research analysts predict that Viavi Solutions will post 0.53 EPS for the current fiscal year.

In other news, CFO Amar Maletira sold 2,806 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $14.00, for a total value of $39,284.00. Following the completion of the sale, the chief financial officer now owns 251,720 shares of the company’s stock, valued at approximately $3,524,080. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 22,556 shares of company stock valued at $307,093 in the last three months. Insiders own 0.50% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Insight 2811 Inc. acquired a new stake in shares of Viavi Solutions in the 2nd quarter worth approximately $280,000. DNB Asset Management AS lifted its stake in shares of Viavi Solutions by 25.6% in the 2nd quarter. DNB Asset Management AS now owns 3,271,930 shares of the communications equipment provider’s stock worth $43,484,000 after acquiring an additional 666,571 shares during the period. First Trust Advisors LP lifted its stake in shares of Viavi Solutions by 41.0% in the 1st quarter. First Trust Advisors LP now owns 355,406 shares of the communications equipment provider’s stock worth $4,400,000 after acquiring an additional 103,260 shares during the period. Nordea Investment Management AB lifted its stake in shares of Viavi Solutions by 3.3% in the 1st quarter. Nordea Investment Management AB now owns 290,100 shares of the communications equipment provider’s stock worth $3,592,000 after acquiring an additional 9,300 shares during the period. Finally, Clearbridge Investments LLC lifted its stake in shares of Viavi Solutions by 18.3% in the 1st quarter. Clearbridge Investments LLC now owns 3,423,335 shares of the communications equipment provider’s stock worth $42,381,000 after acquiring an additional 530,681 shares during the period. 92.52% of the stock is owned by institutional investors.

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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