Viavi Solutions (NASDAQ:VIAV) Cut to Buy at StockNews.com

StockNews.com lowered shares of Viavi Solutions (NASDAQ:VIAV) from a strong-buy rating to a buy rating in a report issued on Tuesday morning.

Several other equities analysts have also recently weighed in on VIAV. Argus increased their price objective on shares of Viavi Solutions from $13.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, February 5th. Stifel Nicolaus reiterated a “buy” rating and issued a $13.00 price target (up from $12.00) on shares of Viavi Solutions in a research report on Friday, January 31st. Rosenblatt Securities lifted their price target on shares of Viavi Solutions from $8.25 to $10.50 and gave the stock a “neutral” rating in a research note on Friday, November 1st. UBS Group boosted their price objective on shares of Viavi Solutions from $10.60 to $11.50 and gave the company a “neutral” rating in a research report on Friday, January 31st. Finally, Morgan Stanley raised their target price on Viavi Solutions from $9.50 to $10.00 and gave the stock an “underweight” rating in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.33.

Viavi Solutions Stock Down 1.9 %

VIAV stock opened at $11.08 on Tuesday. The company has a market cap of $2.46 billion, a price-to-earnings ratio of -61.55 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 business’s 50-day moving average is $10.93 and its two-hundred day moving average is $9.83. Viavi Solutions has a fifty-two week low of $6.60 and a fifty-two week high of $12.91.

Insider Buying and Selling

In other news, SVP Luke M. Scrivanich sold 2,802 shares of Viavi Solutions stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $10.43, for a total transaction of $29,224.86. Following the sale, the senior vice president now owns 54,517 shares in the company, valued at $568,612.31. This trade represents a 4.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Masood Jabbar sold 30,000 shares of the business’s 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 completion of the transaction, the director now directly owns 180,333 shares in the company, valued at $1,805,133.33. This trade represents a 14.26 % decrease in their position. The disclosure for this sale can be found here. 1.52% of the stock is currently owned by insiders.

Institutional Trading of Viavi Solutions

Institutional investors and hedge funds have recently bought and sold shares of the stock. Picton Mahoney Asset Management boosted its holdings 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 valued at $32,000 after purchasing an additional 833 shares during the last quarter. Sanctuary Advisors LLC lifted its position in shares of Viavi Solutions by 8.1% in the fourth quarter. Sanctuary Advisors LLC now owns 17,226 shares of the communications equipment provider’s stock worth $172,000 after buying an additional 1,288 shares in the last quarter. Xponance Inc. lifted its position in shares of Viavi Solutions by 11.5% in the fourth quarter. Xponance Inc. now owns 15,977 shares of the communications equipment provider’s stock worth $161,000 after buying an additional 1,649 shares in the last quarter. Park Avenue Securities LLC boosted its stake in Viavi Solutions by 15.4% during the fourth quarter. Park Avenue Securities LLC now owns 13,442 shares of the communications equipment provider’s stock valued at $136,000 after buying an additional 1,792 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its holdings in Viavi Solutions by 5.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 43,732 shares of the communications equipment provider’s stock valued at $442,000 after buying an additional 2,277 shares in the last quarter. 95.54% of the stock is currently 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.