Viavi Solutions (NASDAQ:VIAV) Lowered to “Neutral” at Susquehanna

Susquehanna downgraded shares of Viavi Solutions (NASDAQ:VIAV) from a positive rating to a neutral rating in a report issued on Friday, MarketBeat Ratings reports. The firm currently has $9.00 price target on the communications equipment provider’s stock.

Several other research firms have also recently issued reports on VIAV. StockNews.com raised Viavi Solutions from a hold rating to a buy rating in a research report on Friday, April 12th. Needham & Company LLC reaffirmed a hold rating on shares of Viavi Solutions in a research report on Friday. Stifel Nicolaus reaffirmed a buy rating and set a $13.00 price objective on shares of Viavi Solutions in a research report on Monday, April 1st. Rosenblatt Securities lowered their price objective on Viavi Solutions from $13.00 to $10.00 and set a buy rating for the company in a research report on Friday. Finally, Northland Securities upped their price objective on Viavi Solutions from $12.00 to $17.00 and gave the stock an outperform rating in a research report on Wednesday, March 6th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $12.00.

Viavi Solutions Trading Down 2.6 %

Shares of NASDAQ VIAV opened at $7.37 on Friday. The stock’s 50-day moving average is $9.07 and its two-hundred day moving average is $9.05. The company has a debt-to-equity ratio of 0.90, a quick ratio of 3.35 and a current ratio of 3.81. Viavi Solutions has a 1-year low of $7.10 and a 1-year high of $11.65.

Viavi Solutions (NASDAQ:VIAV) last released its quarterly earnings data on Thursday, May 2nd. The communications equipment provider reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.01). The business had revenue of $246.00 million for the quarter, compared to analyst estimates of $249.08 million. Viavi Solutions had a positive return on equity of 4.65% and a negative net margin of 0.42%. The company’s revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.02 earnings per share. Analysts anticipate that Viavi Solutions will post 0.22 EPS for the current fiscal year.

Insider Activity at Viavi Solutions

In related news, SVP Kevin Christopher Siebert sold 13,967 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $10.70, for a total value of $149,446.90. Following the completion of the sale, the senior vice president now directly owns 47,097 shares of the company’s stock, valued at approximately $503,937.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, EVP Paul Mcnab sold 15,004 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $10.62, for a total value of $159,342.48. Following the completion of the sale, the executive vice president now owns 57,940 shares in the company, valued at approximately $615,322.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Kevin Christopher Siebert sold 13,967 shares of Viavi Solutions stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $10.70, for a total transaction of $149,446.90. Following the completion of the sale, the senior vice president now directly owns 47,097 shares in the company, valued at approximately $503,937.90. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Viavi Solutions by 11.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 65,000 shares of the communications equipment provider’s stock worth $594,000 after buying an additional 6,560 shares in the last quarter. Thompson Investment Management Inc. grew its holdings in Viavi Solutions by 1.7% during the third quarter. Thompson Investment Management Inc. now owns 360,627 shares of the communications equipment provider’s stock worth $3,296,000 after acquiring an additional 5,895 shares during the period. Knights of Columbus Asset Advisors LLC raised its position in Viavi Solutions by 2.8% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 170,780 shares of the communications equipment provider’s stock worth $1,561,000 after acquiring an additional 4,711 shares in the last quarter. Coldstream Capital Management Inc. lifted its holdings in Viavi Solutions by 13.4% in the third quarter. Coldstream Capital Management Inc. now owns 11,922 shares of the communications equipment provider’s stock valued at $109,000 after acquiring an additional 1,411 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of Viavi Solutions by 20.9% during the 3rd quarter. Victory Capital Management Inc. now owns 112,341 shares of the communications equipment provider’s stock worth $1,027,000 after purchasing an additional 19,456 shares in the last quarter. 95.54% of the stock is owned by hedge funds and other institutional investors.

About Viavi Solutions

Viavi Solutions Inc provides network test, monitoring, and assurance solutions for communications service providers, hyperscalers, network equipment manufacturers, original equipment manufacturers, government, and avionics customers in the Americas, the Asia-Pacific, Europe, the Middle East, and Africa.